10:37 AM EDT, 08/06/2025 (MT Newswires) -- Shopify ( SHOP ) reported better-than-expected second-quarter results on Wednesday, while the Canadian e-commerce platform offered a double-digit revenue growth outlook for the ongoing three-month period amid continued resilience of its merchant base despite macroeconomic uncertainties.

The company anticipates revenue to rise at a mid-to-high-20% rate year over year for the third quarter, while the current consensus on FactSet is for sales of $2.63 billion. Gross profit dollars are pegged to grow at a low-20% rate, while operating expenses as a percentage of revenue are estimated at 38% to 39%.

"Merchant (gross merchandise volume) remains strong and continues to reinforce our confidence in outperforming the broader market," Chief Financial Officer Jeff Hoffmeister said during an earnings call, according to a FactSet transcript. "This momentum has carried into (the third quarter) with core trends across our merchant base remaining stable."

Shopify's ( SHOP ) merchant base "remained resilient" through the second quarter and early August amid macroeconomic challenges and tariff-related implications, although many of its merchants raised prices, according to Hoffmeister. The company didn't see any drop in demand in the US, which accelerated in the second quarter, the CFO added.

"Merchants are adapting to changes in the economic landscape and continue to perform well, supported by the flexibility and capabilities of our platform," according to Hoffmeister. "This resilience highlights the strength of our commerce solutions and helping merchants navigate challenges and pursue new opportunities."

For the June quarter, the company posted adjusted earnings of $0.35 a share, up from $0.26 a year earlier. The Street was looking for non-GAAP EPS of $0.29. Revenue advanced 31% to $2.68 billion, topping the average analyst estimate of $2.56 billion.

The company's Nasdaq-listed shares spiked 19% in Wednesday trade.

Subscription solutions revenue climbed 17% to $656 million, while merchant solutions jumped 37% to $2.02 billion. Gross merchandise volume, which represents the total dollar value of orders facilitated through the Shopify ( SHOP ) platform, inclined 31% to $87.84 billion.

"This GMV outperformance was driven by strength in North America, with particular strength among plus merchants, and continued strength in Europe," Hoffmeister said on the call. "We saw broad based growth led by our existing merchants, as well as growth from adding new merchants with a tilting towards more same store sales growth this past quarter."

In an emailed client note, Wedbush Securities said Shopify ( SHOP ) is "well positioned" to deliver operating margin expansion this year based on the strength of its second-quarter results. The brokerage believes the company remains the "dominant" e-commerce software platform with a large total addressable market opportunity, substantial pricing power within its subscription services and continuous payments expansion.

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