Shopify Beats Q1 Expectations but Shares Slide
Shopify reported stronger-than-expected first-quarter results on Tuesday, but its stock dropped حوالي 8% in premarket trading following the release of its outlook.
Revenue and Key Metrics Show Strong Growth
Shopify posted quarterly revenue of $3.17 billion, exceeding analyst expectations of $3.09 billion. Gross merchandise volume (GMV) climbed significantly to $100.74 billion, compared to $74.75 billion in the same period last year.
Monthly recurring revenue (MRR) also increased, reaching $212 million, up from $182 million a year earlier—highlighting continued growth in subscription-based income.
Leadership Highlights AI Advantage
Shopify President Harley Finkelstein emphasized the company’s positioning in the evolving AI-driven commerce landscape.
“Shopify has entered the AI era with a clear advantage, combining strong and durable growth with decades of commerce intelligence,” he said, adding that this edge is expected to strengthen further throughout 2026.
Profitability Improves Sharply
The company delivered a strong improvement in profitability, with operating income more than doubling to $382 million, up from $203 million in the prior-year quarter.
Q2 Outlook and Financial Guidance
Looking ahead, Shopify expects revenue growth in the high-20% range year-over-year for the second quarter. Gross profit dollars are projected to grow at a mid-20% pace.
The company also guided for operating expenses to account for 35% to 36% of revenue, while stock-based compensation is expected to reach $145 million. Free cash flow margin is anticipated to come in within the mid-teens.
