Record Revenue and Growth
Shopify delivered Q2 revenue of $2.7 billion, up 31% year-over-year. Free cash flow margin was 16%. GMV was also up 31%, accelerating from Q1.
International Expansion Success
International GMV for Q2 was up 42% year-over-year, with Europe leading the way in growth. Shopify Payments expanded into 16 new countries this year.
AI and Innovation Advancements
Shopify launched new AI-driven products like Catalog, Universal Cart, and Checkout Kit, enhancing agentic commerce capabilities. Microsoft's Copilot is already using Checkout Kit.
Shop Pay Growth
Shop Pay GMV increased by 65% to $27 billion in Q2, with the user base more than doubling over the past 2.5 years.
Expansion in Payments and Stablecoin Introduction
Payments penetration reached 64% in Q2. Shopify introduced a USDC stablecoin option for international payments, enhancing security and flexibility.
Enterprise and B2B Growth
Shopify signed major brands like Starbucks, Canada Goose, and Burton Snowboards, expanding their enterprise and B2B client base.