Shopify offers a cloud platform that enables merchants to launch online stores, handle sales across websites, marketplaces, and physical points of sale, and manage orders, payments, and shipping in one system. Small businesses to enterprise retailers rely on its tools for e-commerce operations without building custom infrastructure. The model centers on recurring subscriptions combined with usage-based fees for additional services.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 2,680 | — | 906 | — |
| Q3 2025 | 2,844 | — | 264 | — |
| Q4 2025 | 3,672 | — | 743 | — |
| Q1 2026 | 3,170 | — | -581 | — |
| Q2 2026 | 3,583 | 33.7% | 1,502 | 65.8% |
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