Shopify Q2 revenue exceeds expectations, pre-market shares rise over 30%

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Shopify (SHOP.N) surged more than 30% in pre-market trading after reporting Q2 revenue that exceeded forecasts. The company posted $3.583 billion in revenue, a 34% year-over-year increase, with GMV reaching $115.567 billion. Gross profit climbed to $1.708 billion, and free cash flow hit $654 million. The strong results reflect favorable market trends, with all key metrics rising over 30%. Shopify described the quarter as "monster" and expects Q3 revenue to grow in the low 30% range. The stock rally underscores continued momentum in the e-commerce sector.

According to market data, pre-market trading for U.S. e-commerce platform Shopify (SHOP.N) has widened its gains to over 30%, as the company's second-quarter revenue exceeded expectations.

Shopify's Q2 financial report showed revenue of $3.583 billion, a 34% year-over-year increase; GMV of $115.567 billion, up 32%; gross profit of $1.708 billion; and operating profit of $488 million.

Free cash flow: $654 million; net profit: $1.502 billion; monthly recurring revenue: $221 million.

The company called it a "monster quarter," with GMV, revenue, gross profit, and free cash flow all growing by more than 30%, and it expects third-quarter revenue growth to be in the low thirties percent range year-over-year.

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