Shopify Reports $116B Q2 Merchant Sales Up 32%
Founders on X react to Shopify's reported second-quarter merchant sales and revenue growth.
Tobi Lütke posted that Shopify had a good quarter and linked to results showing $116 billion in merchant sales, a 32% increase year over year. Revenue reached $3.6 billion, up 34%, with free cash flow at $654 million and an 18% margin. David Heinemeier Hansson wrote that the platform now exceeds a billion dollars in sales per day on average, all running on Ruby on Rails. Jason Lemkin replied that the quarter was fire.
Q2 is in, and it was a monster quarter. → $116B in merchant sales, up 32% YoY → $3.6B revenue, up 34% YoY → $654M free cash flow, 18% margin Five quarters running, GMV has grown more than 30%. The bigger story is underneath the numbers: every shift AI is creating happens to…
Reactions from ranked influencers
4 postsGood quarter
Q2 is in, and it was a monster quarter. → $116B in merchant sales, up 32% YoY → $3.6B revenue, up 34% YoY → $654M free cash flow, 18% margin Five quarters running, GMV has grown more than 30%. The bigger story is underneath the numbers: every shift AI is creating happens to…
Shopify continues its absolutely bonkers growth run. Now well over a billion dollars in sale PER DAY on average! All flowing through Ruby on Rails. Just awesome.
Q2 is in, and it was a monster quarter. → $116B in merchant sales, up 32% YoY → $3.6B revenue, up 34% YoY → $654M free cash flow, 18% margin Five quarters running, GMV has grown more than 30%. The bigger story is underneath the numbers: every shift AI is creating happens to…
Q2 is in, and it was a monster quarter. → $116B in merchant sales, up 32% YoY → $3.6B revenue, up 34% YoY → $654M free cash flow, 18% margin Five quarters running, GMV has grown more than 30%. The bigger story is underneath the numbers: every shift AI is creating happens to…