Shopify Inc Registered Shs -A- Subord Vtg

SHOP: XNAS (USA)

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Shopify Earnings: Good Quarter With Mixed but Mostly In-line Guidance; No Real Tariff Impacts

Dan Romanoff

May 8, 2025

Shopify's first-quarter results were in line with the company's outlook. Revenue increased 27% year over year to $2.36 billion, compared with the outlook for mid-20% growth, while operating margin was 13.9%. Guidance includes current trends continuing.

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Shopify Inc Registered Shs -A- Subord Vtg

Shopify Earnings: Good Quarter With Mixed but Mostly In-line Guidance; No Real Tariff Impacts

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