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Shopify Stock Surges on Strong Earnings and Upbeat Guidance
Shopify Stock Surges on Strong Earnings and Upbeat Guidance
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BTCCSquare news:
Shopify shares rallied sharply after the e-commerce platform reported better-than-expected Q2 results and raised its outlook, defying earlier tariff concerns. Revenue jumped 31% to $2.68 billion, surpassing analyst estimates, while gross merchandise volume grew at an identical pace to $87.8 billion.
International markets drove the expansion, with European GMV surging 49%. The company's Shop App saw transaction volume explode 140% year-over-year, aided by AI-powered features. Payment processing revenue climbed 37% as Shopify Payments expanded to 60 new countries in 2024 alone.
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