Shopify Q1 2026: Revenue up 34% YoY to $3.17B; GMV surpasses $100B

SHOPIFY INC.

2026-Q1 EPS reported -$0.45 revenue$3,170,000,000

Revenue of $3.17B, up 34% YoY; gross profit $1.546B, up 32%.
GMV of $100.7B, first time above $100B in a single quarter (up 35% from $74.8B YoY).
Operating income $382M vs. $203M last year; free cash flow $476M, 15% margin.
MRR increased to $212M from $182M YoY, reflecting subscription growth.
Management cites broad-based growth across geographies, merchant sizes, and channels.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SHOPIFY INC. reported quarter ended March 31, 2026 results: revenue 3,170.

Period: quarter ended March 31, 2026
Revenue: 3,170
Result: reported results

Exact text from the filing

Selected Business Performance Information (1) (In US $ millions, except percentages) Three months ended March 31, 2026 March 31, 2025 GMV 100,743 74,750 MRR 212 182 Revenue 3,170 2,360

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Source: SEC EDGAR

accession 0001594805-26-000018

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