News Summary

Shopify has reported strong earnings for Q1 2025, achieving $2.36 billion in revenue, which marks a 27% year-over-year growth and surpasses its forecast for the quarter. The e-commerce giant also reported a 22% increase in gross profit, reaching $1.1 billion. Shopify’s gross merchandise volume for the quarter was $74.75 million, a 22% year-over-year increase. Despite these positive results, Shopify anticipates a slightly lower growth rate in gross profit for the next quarter due to the impacts of the US trade war on its merchant clients. Analysts have adjusted target prices for Shopify, citing economic uncertainty and recent changes in US tariff policies as challenges for the company. Shopify’s stock has decreased by 11% since the start of the year, partly due to these factors.