Shopify Sees Continued Sales Momentum After 2Q Revenue Beat — Update

By Adriano Marchese

Shopify shares surged in premarket trading Wednesday after the company posted stronger-than-expected revenue growth in the second quarter, momentum the company expects to continue into the third quarter.

Shares traded 29% higher ahead of the morning bell at $159.00.

The e-commerce company, whose platform lets businesses sell, manage orders and process payments, logged a 34% rise in revenue, reaching $3.48 billion. The rise topped its own expectations of growth in the high-twenties percentage rate, and analyst forecasts which expected a growth of 29%.

The company expects the growth rate to continue in the third quarter, guiding for revenue to grow at a low-thirties percentage rate.

Gross profit dollars grew at a mid-to-high twenties percentage rate, while operating expenses are expected to be in the range of 33% to 34% of revenue. Free cash flow margin is expected to be in the high-teens to low-twenties.

In the quarter, revenue was supported by growth in subscription solutions revenue which rose to $802 million from $656 million, while merchant solutions, its largest unit, rose to $2.78 billion from $2.02 billion.

Gross merchandise volume, which measures the total value of all goods sold across its platform, rose to $115.57 billion from $87.84 billion.

Net income rose to $1.5 billion, or $1.16 a share, up from $906 million, or 69 cents a share, in the comparable quarter a year ago. On an adjusted basis, earnings came to 42 cents a share, topping forecasts of 40 cents a share.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

August 05, 2026 08:25 ET (12:25 GMT)