1. Shopify’s revenue grew by 31.1% in Q2 2025, reaching $2.68 billion, thanks to partnerships with brands like Starbucks and Canada Goose. The Shop App saw 140% growth in native GMV, with sign-ins increasing by 46%.
2. Shopify’s partner ecosystem, including Microsoft and TikTok, is driving merchant growth. The company’s AI tools like Catalog and Universal Cart enhance customer engagement. Q3 2025 revenue is expected to grow at a mid-to-high single-digit rate.
3. MercadoLibre’s rising GMV and Amazon’s "Buy with Prime" pose competition to Shopify. Amazon set a global record for Prime deliveries. Shopify shares have outperformed the sector, trading at a premium with a forward P/S of 14.42X.
4. Shopify stock has a Value Score of F and a Zacks Rank #3. The consensus earnings estimate for 2025 is $1.44 per share, showing 10.77% growth. Shopify faces competition but remains a strong player in the e-commerce market.

Read more at Nasdaq: SHOP Gains From Strong Partner Base: Will This Fuel Revenue Growth?