Shopify Q2 revenue $2.68B (+31% YoY), GMV $87.8B, FCF margin 16%

SHOPIFY INC.

2025-Q2 EPS reported $0.17 revenue$5,040,000,000

Revenue of $2.68B up 31% YoY; operating income $291M vs $241M a year ago.
GMV $87.8B, up from $67.2B; Europe GMV grew 42% constant currency.
Free cash flow $422M, margin 16% (eighth consecutive quarter double-digit).
Monthly Recurring Revenue (MRR) $185M, up from $169M YoY.
President cites innovation and CFO notes accelerating growth in NA, Europe, APAC.

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