SHOPIFY INC.

Shopify reported strong second-quarter 2026 results with net income rising to $1.50 billion and total revenue reaching $3.58 billion. For the first half of 2026, net income was $921 million on total revenue of $6.75 billion. The company also repurchased $1.45 billion in common stock during the quarter, contributing to a total of $1.91 billion in repurchases for the first six months of the year.

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.

Shopify Inc. announced its plan to release financial results for the second quarter ended June 30, 2026, before markets open on Wednesday, August 5, 2026. The company's management team will host a conference call to discuss these results at 8:30 a.m. ET on the same day. The webcast of the call will be accessible via the Investor Relations section of Shopify’s website, with an archived replay available afterward.

Shopify Inc. announced that Prashanth Mahendra-Rajah resigned from its Board of Directors and as Chair of the Audit Committee, effective immediately on July 2, 2026. His departure is due to accepting a full-time position with the U.S. Department of Commerce. Joe Natale, the current Chair of the Board, is expected to assume the role of Chair of the Audit Committee.

Shopify Inc. announced the results of its 2026 annual general meeting of shareholders. All 10 director nominees were elected to the Board, and PricewaterhouseCoopers LLP was reappointed as the company's auditors. Shareholders also approved the company's approach to executive compensation on a non-binding advisory basis, while a shareholder proposal concerning an artificial intelligence policy was not approved.

Shopify Inc. announced the results of its annual meeting of shareholders held on June 16, 2026. All ten director nominees were elected to the Board of Directors, and PricewaterhouseCoopers LLP was reappointed as the company's auditors. Shareholders also approved, on a non-binding advisory basis, the company's executive compensation strategy. However, a shareholder proposal concerning an artificial intelligence policy did not receive approval.

Shopify Inc. announced that its Board of Directors authorized an additional $3.0 billion for the repurchase of its Class A subordinate voting shares, increasing the aggregate repurchase authorization to $5.0 billion. As of June 1, 2026, the company has already repurchased approximately $1.45 billion under the existing program. The CFO expressed confidence in the business's durability and ability to return capital to shareholders. The program will commence on June 8, 2026, and will be executed through various means, not exceeding 5% of outstanding shares.

Shopify's Board of Directors has authorized an additional $3 billion for its Class A subordinate voting share repurchase program, increasing the total authorization to $5 billion. This move reflects the company's confidence in its business durability, consistent operating cash flow, and strong financial position, allowing it to return capital to shareholders. As of June 1, 2026, Shopify had already repurchased approximately $1.45 billion under the previous authorization. The expanded program will commence on June 8, 2026, with no fixed expiration date.

Shopify Inc. announced its 2026 Annual General Meeting of Shareholders will be held virtually on June 16, 2026, at 10:30 a.m. Eastern Time. Shareholders will vote on the election of 10 directors, the reappointment of PricewaterhouseCoopers LLP, an advisory resolution on executive compensation, and a shareholder proposal. Notably, director Gail Goodman will retire, and Jeanne DeWitt Grosser has been nominated for election to the Board.

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.