Shopify Reports Strong Q1 Revenue Growth Despite Stock Decline

Despite a strong first-quarter performance with 34% year-over-year revenue growth to $3.17 billion and a gross merchandise volume (GMV) increase of 35%, Shopify's stock has declined by nearly one-third in 2026, raising questions about its valuation potential.

By Geoffrey Seiler · Motley Fool · May 8, 2026, 08:55 UTC

Shopify Reports Strong Q1 Revenue Growth Despite Stock Decline

Tickers: $SHOP

Topics: e-commerce revenue growth stock performance

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