Overview
- Shopify posted second-quarter revenue of US$2.68 billion, up 31% year over year, and net profit of US$906 million, or US$0.69 per diluted share
- Adjusted earnings per share of US$0.35 surpassed analyst estimates and gross merchandise volume climbed 31% to US$87.8 billion
- The company projected mid-to-high-20s percentage revenue growth for the third quarter, outpacing Wall Street forecasts
- CFO Jeff Hoffmeister said anticipated tariff impacts “did not materialize,” easing trade-policy concerns among investors
- Alliances with OpenAI for generative AI shopping tools and Coinbase for stablecoin payments, plus a Federal Court ruling blocking a CRA merchant-data request, highlighted strategic momentum