OTTAWA, ON – Shopify’s financial results for the quarter ended March 31, 2026 revealed 34% revenue growth and 15% free cash flow margins. “Shopify has entered the AI era with a clear edge: strong, durable growth and two decades of commerce intelligence,” said Harley Finkelstein, president of Shopify via press release. “That puts us in a category of one, and we’re about to see that advantage compound throughout 2026.”
For the second quarter of 2026, company officials predict:
- revenue to grow at a high-twenties percentage rate on a year-over-year basis;
- gross profit dollars to grow at a mid-twenties percentage rate on a year-over-year basis;
- operating expenses as a percentage of revenue to be 35% to 36%;
- stock-based compensation to be $145 million; and
- free cash flow margin to be in the mid-teens.
Jeff Hoffmeister, chief financial officer, said: “Q1 delivered broad-based growth across geographies, merchant sizes, and channels, with over $100 billion of GMV in the first quarter alone. That is the platform compounding. The durability of this model allows us to invest strategically in growth, both in the merchant-facing tools that drive commerce innovation and in the internal capabilities that let us build and ship faster.”
Pattern Launches Pattern Intelligence (Pi)
LEHI, UT – Prosper exhibitor Pattern Group Inc. recently launched Pattern Intelligence (Pi) at Accelerate, Pattern’s annual gathering of top e-commerce executives and brand leaders. Pi is Pattern’s AI-powered autonomous e-commerce execution engine that identifies opportunities and acts on them in real time, helping brand partners grow revenue, win market share, and build a stronger presence on the world’s top marketplaces.
Pi runs active sensors across featured offers, advertising, content, pricing, and inventory. When a sensor fires, automated action loops act immediately, capturing opportunities and protecting performance. In the event a decision needs brand judgment, Pi surfaces curated action items for approval rather than acting on its own. Every action is timestamped and becomes a searchable record of all work done on a brand’s behalf.
“Pi is our central execution engine. It doesn’t just surface insights, it acts on them,” said Dave Wright, co-founder and CEO of Pattern via press release. “Pi is built on over 13 years of data collection, logic execution, and Pattern’s broader technology portfolio, with 41 patents issued or pending, purpose-built to accelerate growth for our brand partners.”
Since deployment across Pattern’s brand portfolio, Pi has taken millions of automated actions, including featured offer recoveries, pricing adjustments, and content fixes, running 24/7.
Capabilities available to Pattern brand partners today:
- Daily Brief and Podcast: a written and audio summary of a brand’s rolling 7-day performance, always on and available anytime
- Chat-to-Data: on-demand answers to built-in ecommerce questions, backed by Pattern’s proprietary data
- Pi Skills: pre-built automations for ecommerce workflows, each one informed by your brand’s knowledge base so every action stays on-brand
- Knowledge Management System (KMS): a brand-controlled library where partners load their own guidelines, tone, and preferences directly into Pi, giving them control over how Pi acts on their behalf
- GEO and Alexa for Shopping Scorecards: visibility into how AI shopping agents including Amazon’s Alexa for Shopping agent, Walmart Sparky, ChatGPT, and Google AI Mode rank a brand’s products
- Pi Chrome Extension: Pi’s intelligence meets teams where they already work, surfaced directly on Amazon product pages during live review sessions
- AI Chat Apps: Pi is available in the ChatGPT app directory today, bringing Pattern’s proprietary ecommerce intelligence into the AI tools brand teams already use, with additional platforms coming soon