Shopify Pre-market Jumps 30% After Q2 Revenue Beats Estimates

Shopify shares surge over 30% in pre-market trading following Q2 results that beat revenue expectations, with GMV hitting $115.6B and net income reaching $1.5B.

Woofun AI data shows that Shopify (SHOP.N) stock rose more than 30% in pre-market trading after the e-commerce platform reported second-quarter revenue of $3.583 billion, a 34% year-over-year increase that exceeded market expectations. Gross merchandise volume reached $115.567 billion, up 32%, while gross profit stood at $1.708 billion and operating profit at $488 million.

The company recorded free cash flow of $654 million and net income of $1.502 billion, with monthly recurring revenue climbing to $221 million. Executives described the period as a "monster quarter," noting that GMV, revenue, gross profit, and free cash flow all grew by over 30%. Shopify projected that third-quarter revenue growth would remain in the low thirties percentage range year-over-year.