# Shares of e-commerce giant Shopify Inc. slumped by about nine per cent Tuesday morning.

*business · news · 2026-05-05 · Financial Post*

## Key points

- Shopify's Q1 revenue grew 34% year-over-year to US$3.17 billion, beating analyst expectations.
- Gross merchandise value on Shopify's platform rose 35% to US$100.7 billion, the fourth straight 30%+ quarter.
- Shopify forecasts Q2 revenue growth to slow to a high-20s percentage rate year-over-year.
- Despite revenue and GMV growth, Shopify posted a Q1 net loss of US$581 million.
- Shopify stock has fallen over 20% in 2026 amid investor concerns about AI-driven disruption.

**Companies:** Shopify Inc.
**Countries:** Canada

[Read the full story on Financial Post](https://financialpost.com/technology/shopify-stock-tumbles-predicts-growth-slowdown)

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