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Shopify Shares Soar on Robust Q2 Earnings and Bullish Q3 Guidance

Investors were buoyed by results showing tariff headwinds did not materialize, underpinning confidence in Shopify’s growth trajectory

The Ottawa-based e-commerce giant said revenue was US$2.6-billion for the quarter ended June 30, 2025, up 31 per cent from the same period last year. Gross profit was US$1.3-billion, up 24 per cent.
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Shopify CEO Tobias Lutke is enjoying strong sales growth thanks to the rise of online shopping.

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