A maker of cloud-based e-commerce software, Shopify powers online storefronts for millions of merchants across more than 175 countries, with tools like Shopify Payments, Shopify Plus for larger businesses, and AI features such as Sidekick. It began in 2004 when founder Tobi Lütke built his own software to sell snowboarding gear online (a shop called Snowdevil), found other merchants wanted it too, and pivoted to launch Shopify in 2006. Fun fact: the company's early working name was Jaded Pixel, picked by a domain-name generator, before "Shopify" stuck.
Shopify Q2 2026 revenue up 34% YoY to $3,583M; free cash flow margin 18%
Revenue for the quarter ended June 30, 2026 was $3,583 million, up 34% year-over-year (33% in constant currency).
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GMV reached $115,567 million, up 32% year-over-year (30% in constant currency).
Gross profit was $1,708 million, up 31% year-over-year; operating income was $488 million, up 68%.
Free cash flow was $654 million, up from $422 million in the prior-year quarter, with free cash flow margin of 18%.
For Q3 2026, Shopify expects revenue growth in the low-thirties percentage range year-over-year and free cash flow margin in the high-teens to low-twenties.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Shopify director Prashanth Mahendra-Rajah resigns from board effective July 2, 2026
He served as a board member and Chair of the Audit Committee.
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Prashanth Mahendra-Rajah resigned from Shopify's board of directors effective July 2, 2026.
His resignation is due to accepting a full-time position with the U.S. Department of Commerce.
Joe Natale, Chair of the Board and Lead Independent Director, is expected to become Audit Committee Chair.
The resignation was disclosed in a Form 8-K filed July 2, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Shopify increases share repurchase authorization by $3B to $5B total
On June 2, 2026, Shopify's Board authorized an additional $3.0 billion for repurchasing Class A subordinate voting shares, raising the aggregate authorization to $5.0 billion (approximately $6.9 billion CAD).
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As of June 1, 2026, Shopify had repurchased approximately $1.45 billion under its current authorization.
Purchases under the increased program will commence on June 8, 2026, with no fixed expiration date and no set quarterly or annual minimums.
Repurchases may be made via open-market purchases on Nasdaq, privately negotiated transactions, block trades, or accelerated share repurchase transactions, subject to market conditions and legal requirements.
The maximum number of shares repurchased will not exceed 5% of Shopify's issued and outstanding Class A subordinate voting shares.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Shopify files 2026 Annual Meeting notice and management information circular on Form 8-K
The annual general meeting will be held virtually on June 16, 2026, at 10:30 a.m. Eastern Time.
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Shopify Inc. filed its Notice of 2026 Annual General Meeting of Shareholders and Management Information Circular, dated April 21, 2026, as Exhibit 99.1 to this Form 8-K.
Shareholders of record as of April 20, 2026, are entitled to vote; proxies must be received by Broadridge by June 12, 2026.
The meeting agenda includes election of 10 directors, reappointment of PricewaterhouseCoopers LLP as auditor, a non-binding advisory vote on executive compensation, and a shareholder proposal.
The Board recommends voting FOR all director nominees, FOR auditor reappointment, FOR the say-on-pay vote, and AGAINST the shareholder proposal.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Shopify merchants hit record $14.6B in Black Friday-Cyber Monday sales, up 27% from 2024.
Shopify Inc. reported record $14.6 billion in global sales from merchants during Black Friday-Cyber Monday weekend, a 27% increase year-over-year (24% on a constant currency basis).
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More than 81 million customers worldwide purchased from Shopify-powered brands, and over 15,800 entrepreneurs made their first sale on the platform.
Peak sales reached $5.1 million per minute at 12:01 PM EST on Black Friday, with the average cart price at $114.70.
Top-selling countries were the US, UK, Australia, Germany, and Canada; top cities included Los Angeles, New York, London, San Francisco, and Miami.
The press release was furnished under Item 8.01 as other events and is not deemed filed for SEC purposes.
8.01 Other Events · 9.01 Financial Statements and Exhibits