{"id":958051,"date":"2026-05-05T07:19:06","date_gmt":"2026-05-05T11:19:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shopify-delivers-again-as-merchants-clear-100-billion-in-q1-gmv\/"},"modified":"2026-05-05T07:19:06","modified_gmt":"2026-05-05T11:19:06","slug":"shopify-delivers-again-as-merchants-clear-100-billion-in-q1-gmv","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shopify-delivers-again-as-merchants-clear-100-billion-in-q1-gmv\/","title":{"rendered":"Shopify Delivers Again as Merchants Clear $100 Billion in Q1 GMV"},"content":{"rendered":"
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Internet, Everywhere, May 05, 2026 (GLOBE NEWSWIRE) — Shopify (NASDAQ, TSX: SHOP) \u00a0announced today financial results for the quarter ended March 31, 2026. Shopify achieved 34% revenue growth and 15% free cash flow margins.<\/p>\n

“Shopify has entered the AI era with a clear edge: strong, durable growth and two decades of commerce intelligence. That puts us in a category of one, and we’re about to see that advantage compound throughout 2026,” said Harley Finkelstein, President of Shopify.<\/p>\n

Jeff Hoffmeister, Chief Financial Officer, said, “Q1 delivered broad-based growth across geographies, merchant sizes, and channels, with over $100 billion of GMV in the first quarter alone. That is the platform compounding. The durability of this model allows us to invest strategically in growth, both in the merchant-facing tools that drive commerce innovation and in the internal capabilities that let us build and ship faster. \u201d<\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Selected Business Performance Information(1)<\/sup>
(In US $ millions, except percentages)
<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three months ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n March 31, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n March 31, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
GMV<\/td>\n100,743<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,750<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
MRR<\/td>\n212<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n182<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n3,170<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,360<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n1,546<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,169<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating income<\/td>\n382<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n203<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Free cash flow<\/td>\n476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n363<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n YoY revenue growth rate<\/em>\n <\/td>\n\n \u00a034<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\n 27 <\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Free cash flow margin<\/em>\n <\/td>\n\n \u00a015<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\n 15 <\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (1) See endnotes below for definitions of GMV and MRR and additional information on free cash flow and free cash flow margin, which are non-GAAP financial measures and are reconciled to the comparable GAAP measures in the non-GAAP reconciliation at the end of this press release.<\/sup>\n <\/td>\n<\/tr>\n<\/table>\n

\n
\n
2026 Outlook<\/strong>\n <\/p>\n

The outlook that follows supersedes all prior financial outlook statements made by Shopify, constitutes forward-looking information within the meaning of applicable securities laws, is based on a number of assumptions, and is subject to a number of risks. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Shopify\u2019s control. Please see “Forward-looking Statements” at the end of this press release.<\/p>\n

For the second quarter of 2026, we expect:<\/p>\n