---
schema_version: "secwatch.filing_event.v1"
accession: "0001594805-26-000018"
form_type: "8-K"
ticker: "SHOP"
cik: "0001594805"
company_name: "SHOPIFY INC."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:22:25.459240+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001594805-26-000018
- form_type: 8-K
- ticker: SHOP
- cik: 0001594805
- company_name: SHOPIFY INC.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000018/0001594805-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000018/shop-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001594805-26-000018
- JSON: https://secwatch.observer/filing/0001594805-26-000018.json
- Plain text: https://secwatch.observer/filing/0001594805-26-000018.txt

## Source-grounded claims
- claim_id: 6a6a20f874a6f9becc055d873ff19f4166fa7f0a
  claim: SHOPIFY INC. reported quarter ended March 31, 2026 results: revenue 3,170.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000018/0001594805-26-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.