Shopify delivered what president Harley Finkelstein called a “monster quarter,” with gross merchandise volume, revenue, gross profit, and free cash flow all growing more than 30 percent. The Ottawa-founded commerce platform reported second-quarter GMV of $116 billion, up 32 percent year over year, as merchant growth continued across company sizes, geographies, and sales channels.
Revenue also beat expectations, while Shopify guided for third-quarter revenue growth in the low-30-percent range. The results helped ease concerns that AI-powered shopping could weaken traditional e-commerce platforms, instead suggesting Shopify’s merchant tools, checkout, payments, and AI features are reinforcing its role in online commerce.
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