Shopify Q2 revenue rises 34% to $3.6 billion; operating income up to $488 million
Shopify reported second-quarter 2026 results for the quarter ended June 30, 2026, with revenue up 34% year over year to $3.58 billion and operating income rising to $488 million from $291 million. Net income of $1.50 billion included a $1.06 billion effect from marking equity investments to market, and excluding that, net income was $439 million. The company also gave third-quarter revenue growth guidance of low-thirties percent and repurchased $1.42 billion of common stock in the quarter.
Key points
- Revenue of $3.58 billion, up 34% year over year (33% in constant currency); gross profit of $1.71 billion, up from $1.30 billion.
- Operating income of $488 million versus $291 million a year earlier; GMV of $115.6 billion, up 32%.
- Free cash flow of $654 million, an 18% margin, compared with $422 million and 16% a year earlier.
- Q3 2026 outlook: revenue growth in the low-thirties percent range and gross profit growth in the mid-to-high twenties percent range.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.