Shopify Hits $13B ARR with 34% Growth in Year 20

Shopify Hits $13B ARR with 34% Growth in Year 20

11h ago
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The Gist

  • Shopify’s Q1 revenue grew 34% to $3.17B, fastest growth in four years
  • Payments and merchant solutions now make up 76% of total revenue
  • GMV crossed $100B in a single quarter for the first time

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Shopify’s success demonstrates the power of scaling payments and merchant solutions alongside subscriptions.

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