Shopify Payments
Processed about 65.6% of GMV in 2025, up from 61.9% in 2024.
The numbers
What it is
Shopify's built-in payment processing. Merchants who use it pay processing and currency conversion fees, which make up most of merchant solutions revenue.
Why it matters to the stock. Payments is the largest revenue line. Each point of penetration adds fee revenue on the same GMV, so this is the main lever behind merchant solutions growth.
News
Shop app adds faster checkout and carts that sync across devices
Shopify updated the Shop app on October 5, 2026 with faster checkout and carts synced across devices.
Shop app moves to shop.com as Shopify updates its consumer brand address
Shopify said on September 29, 2026 that Shop is now available at shop.com.
Shopify and Meta agree that Muse can check out on Shopify stores with Shop Pay
Shopify and Meta agreed on September 21, 2026 to let Meta's Muse AI assistant complete purchases on Shopify stores through Shop Pay.
Shopify Payments now available to merchants in the United Arab Emirates
Shopify Payments became available in the United Arab Emirates on the Advanced plan on August 26, 2026.
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 Payments lets merchants add a bank account for each payout currency
Shopify Payments added the ability on July 27, 2026 for merchants to attach a bank account for every currency they are paid in.
EU's new EUR 3 customs duty on low-value imports starts July 1 and Shopify adds collection
On June 26, 2026 Shopify said merchants selling into the EU from outside it must handle a new flat EUR 3 customs duty per tariff line on qualifying orders up to EUR 150, effective July 1, 2026.
Shopify Payments adds more payout currencies for merchants in the US, Hong Kong and Singapore
On June 13, 2026 Shopify said merchants in the United States, Hong Kong and Singapore can be paid in more currencies through Shopify Payments.
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 Capital remittance through Payments expands to all US states
On April 1, 2026 Shopify said merchants can now repay Shopify Capital financing through Shopify Payments remittance in every US state.
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.