Shopify reported strong Q2 results, with revenue reaching $2.68 billion, up 31% from last year. International GMV grew by 42%, led by Europe’s 49% increase. Overall merchant solution revenue climbed 37% to $2 billion, and subscription revenue rose by nearly 17% to $656 million. The company’s stock surged over 40% year-to-date and more than 180% in the past year. Shopify continues to innovate, expanding into new markets and adding large brands like Starbucks and Canada Goose. Despite a high valuation, Shopify’s growth potential remains strong, making it a stock to watch.
Read more at Nasdaq: As Shopify Shares Soar, Is It Too Late to Buy the Stock?