Shopify Inc. 1Q 2026: Revenue $3.17B, EPS ($0.45) — 10-Q Summary
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Shopify Inc. reported first-quarter 2026 results with revenue rising 34.3% year over year to $3.17B while the company posted a net loss of ($581M) and diluted loss per share of ($0.45), improving versus the prior-year quarter — 10-Q Summary.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $3.17B | $2.36B | 34.3% |
| Net income² | ($581M) | ($682M) | 14.8% |
| Diluted EPS³ | ($0.45) | ($0.53) | 15.1% |
¹ Reported as “Revenues”. ² Reported as “Net loss”. ³ Reported as “loss per share attributable to shareholders”.
Business Highlights
- Revenue growth was broad-based: merchant solutions revenue rose 39% year over year while subscription solutions increased 21%.
- Gross merchandise volume (GMV) grew 35% to $100.7B, with Shopify Payments penetration rising to 67% and adding $19.5B of GMV.
- Monthly recurring revenue (MRR) increased 16% to $212M, with a larger share of merchants on higher‑priced plans including Plus.
- Company increased marketing and R&D spend, including AI-related cloud and software usage, to support platform expansion and retention.
- Expansion of lending and risk services drove growth in offerings but also contributed to higher transaction and loan losses.
Original SEC Filing: SHOPIFY INC. [ SHOP ] - 10-Q - May. 05, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.