Shopify posts 34% revenue growth and 18% free cash flow margin in Q2 2026, driven by strong GMV and AI expansion.

Shopify reported a strong Q2 2026 with 34% revenue growth and 18% free cash flow margin, fueled by a 32% increase in Gross Merchandise Volume (GMV) to $115.6 billion. The company highlighted broad growth across merchant sizes and geographies, supported by AI advancements expanding business capabilities. Shopify expects continued growth in Q3 2026 with revenue rising in the low-thirties percentage range and free cash flow margin in the high teens to low twenties. This performance underscores Shopify's financial discipline and operational leverage in scaling its commerce platform globally.