August 15, 2025
OTTAWA – Shopify Inc. results for the second quarter ended June 30, 2025 revealed 31% revenue growth and 16% free cash flow margin, marking eight consecutive quarters of double-digit free cash flow margins.
“Today’s results are the payoff from bold bets we made years ago,” said Harley Finkelstein, president of Shopify. “The investments we’re making now will fuel our next chapter. At Shopify, innovation never stops. No matter how good the numbers look, there’s always a new frontier in commerce—and we’ll continue to lead the way.”
“Shopify delivered another outstanding quarter, with both GMV and revenue growth rates accelerating in North America, Europe, and Asia Pacific, quarter over quarter. Europe was a particular source of strength, where GMV grew 42% on a constant currency basis,” said Jeff Hoffmeister, CFO of Shopify. “Merchants of every size—from first-time founders to global brands—are choosing Shopify to grow their businesses and their success is what is driving our success.”
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