The company reported revenue growth of 34 percent, resulting in total revenue of $3.17 billion. The total value of goods sold (GMV) processed through the platform amounted to over $100 billion, more precisely $100,743 million, during the first three months of the year.
Harley Finkelstein, President of Shopify, highlights the company's position within artificial intelligence and e-commerce.
Shopify entered the AI era with a clear advantage: strong, sustained growth and two decades of commerce intelligence, he stated in connection with the report.
Gross profit for the quarter landed at $1.55 billion, an increase from $1.17 billion during the first quarter of 2025. Operating income amounted to $382 million and free cash flow was $476 million.
Chief Financial Officer Jeff Hoffmeister also commented on the financial development, noting broad growth across different geographic areas, deal sizes and sales channels.
The long-term strength of this model allows us to invest strategically in growth, both in the tools for merchants driving innovation and in the internal capabilities that allow us to build and deliver faster, Hoffmeister explained.
In its forecasts for the second quarter of 2026, Shopify expects revenue to continue to grow by a percentage in the higher twenties compared to the previous year. Gross profit in dollars is expected to increase simultaneously by a percentage in the mid-twenties.