Shopify Inc Registered Shs -A- Subord Vtg

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Shopify Earnings: E-Commerce Alive and Kicking; Good Quarter With In-Line Guidance

Dan Romanoff

May 5, 2026

Shopify's first-quarter results were better than both the firm’s outlook and FactSet consensus estimates. Revenue grew 34% year over year to $3.17 billion, while non-GAAP operating margin was 16.4%. Near-term guidance is consistent with our expectations and recent trends.

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Shopify Inc Registered Shs -A- Subord Vtg

Shopify Earnings: E-Commerce Alive and Kicking; Good Quarter With In-Line Guidance

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