Commerce platform (GMV)
GMV grew 32% to $115.6B in Q2 2026.
The numbers
What it is
The core platform that merchants use to run online and in-store sales. GMV is the total value of goods sold through it and drives subscriptions, payments and lending revenue.
Why it matters to the stock. GMV is the base for almost all revenue. Its growth rate tells a trader whether merchant activity is accelerating.
News
Shopify launches Canvas, a chat-driven visual store builder powered by Sidekick
Shopify launched Canvas on October 1, 2026, a visual workspace where merchants see every page of their store at once and build with Sidekick.
Shopify Managed Markets ends Delivered Duty Unpaid support
Shopify said on August 11, 2026 that Managed Markets will no longer support Delivered Duty Unpaid (DDU) shipping terms.
Shopify repurchased $1.42B of its own stock in Q2 2026
Shopify's cash flow statement for the quarter ended June 30, 2026 shows $1.42 billion of share repurchases, against none in the same quarter of 2025.
Shopify Managed Markets expands to Canada and the UK
Shopify made Managed Markets available in Canada and the United Kingdom on July 15, 2026.Managed Markets is Shopify's service for selling across borders, so this extends its reach to two more markets.
Shopify Q1 2026 revenue rises 34% to $3.17B, but GAAP net loss of $581M
Shopify reported first-quarter 2026 revenue of $3,170 million, up 34%, and GMV of $100,743 million, up 35%.
Shopify extends B2B features such as payment terms to Basic, Grow and Advanced plans
On April 2, 2026 Shopify made key business-to-business features available on plans below Shopify Plus.
Shopify authorizes $2 billion share buyback, effective February 17
Shopify's board authorized a share repurchase program of up to $2 billion, announced alongside fourth-quarter results.