Quarterly ResultMay 5, 2026, 07:23 AM
Shopify Q1 Revenue +34.3% to $3.17B; Net Loss Narrows to $581M
AI Summary
Shopify Inc. reported a significant increase in revenue for the first quarter of 2026, with total revenue growing 34.3% year-over-year to $3.17 billion. The company also saw an improvement in its net loss, which narrowed to $581 million from $682 million in the prior year's quarter, leading to a reduced basic net loss per share of $(0.45). Both subscription and merchant solutions segments contributed to the strong revenue growth, and income from operations nearly doubled. Additionally, Shopify generated increased cash flow from operating activities and engaged in common stock repurchases.
Key Highlights
- Total revenue increased by 34.3% to $3.17 billion for Q1 2026, up from $2.36 billion in Q1 2025.
- Net loss narrowed to $581 million in Q1 2026, an improvement from a $682 million net loss in Q1 2025.
- Basic net loss per share improved to $(0.45) in Q1 2026, compared to $(0.53) in Q1 2025.
- Subscription solutions revenue grew by 21.0% to $750 million in Q1 2026 from $620 million in Q1 2025.
- Merchant solutions revenue increased by 39.1% to $2.42 billion in Q1 2026 from $1.74 billion in Q1 2025.
- Income from operations surged by 88.2% to $382 million in Q1 2026, up from $203 million in Q1 2025.
- Net cash provided by operating activities rose by 31.1% to $481 million in Q1 2026 from $367 million in Q1 2025.
- The company repurchased $491 million of common stock during the three months ended March 31, 2026.
Price Impact
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