Shopify posts 34% revenue jump as AI tools boost sales and shares
Shopify Inc. reported second‑quarter 2026 revenue of $3.58 billion, a 34% year‑over‑year increase, and gross merchandise volume (GMV) of about $115.5 billion, up roughly 32%. Gross profit rose around 30% and free cash flow reached $654 million, giving an 18% margin. The company attributed the strong performance to rapid adoption of its AI offerings, noting that AI‑driven traffic and orders tripled year‑over‑year and the Sidekick AI assistant helped merchants create 36,000 custom apps, three times the prior quarter.
Shares of Shopify surged in pre‑market trading, climbing 26% and posting gains of 17%‑34% across various market reports. Management forecast third‑quarter revenue growth in the low‑30% range, above analysts’ expectations of about 26%, and projected gross‑profit growth in the mid‑to‑high‑20s percent. Partnerships with OpenAI, Google and Microsoft were highlighted as drivers of AI‑enabled merchant demand, and the firm expanded its crypto‑payment capabilities by integrating USDC stablecoin payments through Coinbase and Stripe.
President Harley Finkelstein and CEO Tobi Lütke emphasized that AI is expanding what is possible for merchants of all sizes, positioning Shopify for continued growth in the coming quarters.
Entities: Coinbase · Google · Harley Finkelstein · Microsoft · OpenAI · Shopify Inc. · Sidekick AI · Sidekick AI assistant · Tobi Lütke
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Shopify's AI tools, including the Sidekick AI assistant, have seen steady adoption from small and medium‑sized businesses. (Shopify articles)
- [● 3 SOURCES] Shopify forecasts gross‑profit growth at a mid‑to‑high‑20s% rate, versus expectations of 24.1% rise. (Shopify articles)
- [● 3 SOURCES] Shopify's shares rose about 26% in pre‑market trading. (Shopify articles)
- [● 3 SOURCES] Shopify's Q2 revenue increased 34% to $3.58 billion, beating analysts' average estimate of $3.45 billion. (Shopify articles)
- [● 3 SOURCES] Shopify projected current‑quarter revenue growth above Wall Street estimates. (Shopify articles)
- [● 3 SOURCES] Gross merchandise volume rose 32% to $115.57 billion in the quarter ended June. (Shopify articles)
- [● 3 SOURCES] Shopify expects Q3 revenue growth in the low‑30% range, above analysts' estimate of 26.3%. (Shopify articles)
- [● 3 SOURCES] Shopify has partnerships with OpenAI, Google and Microsoft to drive AI‑driven demand for merchants. (Shopify articles)
- [● 3 SOURCES] Free cash flow for the quarter was $654 million, giving an 18% margin. (Shopify Q2 earnings)
- [○ 1 SOURCE] Shopify integrated USDC stablecoin payments through partnerships with Coinbase and Stripe. (Shopify announcement)
- [● 3 SOURCES] Shopify partnered with OpenAI, Google and Microsoft to drive AI‑enabled merchant demand. (Shopify statement)
- [● 7 SOURCES] Shopify shares rose 26% in pre‑market trading, with gains of 17%‑34% reported across market outlets. (Market reaction to Shopify earnings)