# The company's quarterly revenue growth of 34.32% year-over-year (Y/Y) to $3.17 billion beat the analyst consensus estimate.

*business · news · 2026-05-05 · Benzinga*

## Key points

- Shopify's gross merchandise volume exceeded $100 billion, with 30% growth in constant currency terms.
- Merchant solutions revenue grew 39.08% year-over-year, significantly outpacing subscription solutions revenue growth.
- Free cash flow margin remained steady year-over-year at 15%, despite high revenue and profit growth.
- Shopify forecasts second-quarter 2026 revenue of up to $3.457 billion, above current analyst consensus.

**Companies:** Shopify

[Read the full story on Benzinga](https://www.benzinga.com/markets/earnings/26/05/52294504/shopify-hits-100-billion-gross-merchandise-volume)

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