Tuesday, Shopify Inc. (SHOP) announced first-quarter financial results, reporting a net loss of $581 million, compared to last year's $682 million.
Total revenues increased to $3,170 million from $2,360 million in the previous year.
GMV for the quarter stood at $100,743 million compared to $74,750 million in the prior year.
Looking ahead to the second quarter, the company expects revenue growth at a high-twenties percentage rate on a year-over-year basis.
In the pre-market hours, SHOP is falling 8.28 percent, to $117.03 on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.