Shopify (SHOP) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Information Technology· May 5, 2026

Source: earnings call transcript

Shopify delivered robust Q1 FY26 results, showcasing strong GMV and revenue growth, fueled by increasing AI product adoption and payments penetration. The company emphasizes its compounding data advantage and the demand conversion flywheel, positioning itself at the center of the AI-driven entrepreneurial era. Management remains focused on execution and leveraging AI for internal efficiency and merchant success.

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SHOP operating KPIs by quarter

SHOP operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2024 Q4 FY24	Sep 2025 Q3 FY25	Change vs prior quarter
Employees	<8,100 As of December 31, 2024, our headcount was just under 8,100 employees, down from approximately 8,300 at the end of 2023. Source: earnings call transcript	~8,100 But all the time, it's the roughly 8,100 people at Shopify who're relentlessly merchant-obsessed showing up every day to help them win. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.