Quarterly ResultMay 5, 2026, 07:02 AM
Shopify Q1 Revenue +34% to $3.17B; GMV $100.7B
AI Summary
Shopify reported strong first-quarter 2026 financial results, with revenue increasing 34% year-over-year to $3.17 billion and Gross Merchandise Volume (GMV) growing 35% to over $100 billion. The company achieved a 15% free cash flow margin and saw operating income nearly double to $382 million. Shopify also provided a positive outlook for Q2 2026, expecting high-twenties percentage revenue growth and mid-twenties gross profit growth.
Key Highlights
- Revenue increased 34% year-over-year to $3.17 billion in Q1 2026.
- Gross Merchandise Volume (GMV) grew 35% year-over-year to $100.7 billion.
- Operating income surged 88% year-over-year to $382 million.
- Free cash flow was $476 million, maintaining a 15% margin.
- Subscription solutions revenue rose to $750 million.
- Merchant solutions revenue increased to $2.42 billion.
- Q2 2026 revenue is expected to grow at a high-twenties percentage rate YoY.
- Q2 2026 gross profit dollars are expected to grow at a mid-twenties percentage rate YoY.