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Shopify sees Q2 revenue up at mid-20s percentage rate y/y

For Q2, Shopify (SHOP) expects: Gross profit dollars to grow at a high-teens percentage rate on a year-over-year basis; Operating expense as a percentage of revenue to be 39% to 40%; Stock-based compensation to be $120M; and Free cash flow margin to be in the mid-teens, similar to the first quarter of 2025.

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