Shopify reports Q1 adjusted EPS 20c, consensus 17c

Reports Q1 revenue $1.9B, consensus $1.84B. Gross Merchandise Volume increased 23% to $60.9B, an increase of $11.3B over the first quarter of 2023. You’re seeing the strongest version of Shopify in our history. Our outstanding Q1 performance is clear proof of our dedication to the new shape of Shopify, our commitment to operating with a consistent team size, and our focus on building for the long-term to deliver both growth and profitability,” said Harley Finkelstein, President of Shopify. “We are building a 100-year company, and we will continue to remain fiercely agile, capitalizing on every opportunity that accelerates the success of our merchants, enables us to continue to build world-class products, and enhances operational efficiency for better returns.”