Quarterly ResultAug 5, 2026, 07:04 AM
Shopify Q2 Revenue +34% to $3.58B; Free Cash Flow Margin 18%
AI Summary
Shopify announced strong financial results for the second quarter ended June 30, 2026, with revenue growing 34% to $3.58 billion and Gross Merchandise Volume (GMV) increasing 32% to $115.57 billion. The company achieved an 18% free cash flow margin, driven by broad-based growth across merchant sizes, channels, and geographies. Shopify also provided a positive outlook for Q3 2026, expecting revenue growth in the low-thirties percentage range and free cash flow margin in the high-teens to low-twenties.
Key Highlights
- Q2 2026 revenue increased 34% year-over-year to $3.58 billion.
- Gross Merchandise Volume (GMV) grew 32% year-over-year to $115.57 billion.
- Gross profit rose 31% year-over-year to $1.71 billion.
- Operating income increased 68% year-over-year to $488 million.
- Free cash flow reached $654 million, resulting in an 18% free cash flow margin.
- For Q3 2026, revenue is expected to grow at a low-thirties percentage rate year-over-year.
- Q3 2026 free cash flow margin is projected to be in the high-teens to low-twenties.
Price Impact
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