Skip to content
The Ottawa-based e-commerce company reported nearly US$3.6 billion in revenue in the second quarter, up 34 per cent from the same period last year. Gross profit, free cash flow and gross merchandise volume—the amount of goods and services sold using Shopify’s tech—all grew more than 30 per cent. Shopify also projected revenue growth in the low-30-per-cent range for the third quarter. (The Logic)
Talking point: The results show AI is boosting Shopify’s business as it leans into agentic commerce, said president Harley Finkelstein on a conference call Wednesday. Traffic and orders from AI-powered search and shopping agents tripled year-over-year in the second quarter. The company has spent the past year integrating its services with tools from OpenAI, Google, Microsoft and others. “Shopify is probably the most AI-pilled company in the world,” Finkelstein said on the call. Investors appeared encouraged by the results, sending the company’s share price up more than 16 per cent by midday Wednesday.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: The rise of AI-powered solopreneurs could upend how the economy works
Briefing
Celestica completes US$3.45B share sale to meet demand for data-centre equipment
Sun Life pitches itself on Wall Street as an alternative to Blackstone, Apollo
MDA revenue jumps 34% in Q2, raises full-year outlook
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
