Shopify reported strong first quarter 2026 results, with revenue growth accelerating and Gross Merchandise Volume (GMV) surpassing a key milestone. The company achieved revenue of $3.17 billion, representing 34% year-over-year growth, and maintained a free cash flow margin of 15%.
Key Highlights
- Revenue grew 34% year-over-year to $3.17 billion, outpacing the 27% growth in the prior year's quarter and beating consensus estimates of $3.08 billion.
- Gross Merchandise Volume (GMV) increased 35% to $100.7 billion, marking the first time the company has cleared the $100 billion threshold in a single quarter.
- Shopify guided for second quarter revenue to grow at a high-twenties percentage rate year-over-year, indicating a potential slowdown from the first quarter's growth rate.