Shopify (NASDAQ: SHOP) reported Q1 revenue of $2.36 billion versus the consensus estimate of $2.33 billion.

Operating income 203 million.

2025 Outlook

For the second quarter of 2025, we expect:
•Revenue to grow at a mid-twenties percentage rate on a year-over-year basis;
•Gross profit dollars to grow at a high-teens percentage rate on a year-over-year basis;
•Operating expense as a percentage of revenue to be 39% to 40%;
•Stock-based compensation to be $120 million; and

For earnings history and earnings-related data on Shopify (SHOP) click here.