11:45 AM EDT, 08/06/2025 (MT Newswires) -- (Updates shares.)

Shopify ( SHOP ) at last look Wednesday were up 20% as the company booked higher earnings in the second quarter.

Shopify ( SHOP ) reported earnings of US$906 million, or US$0.69 per share, beating the analyst consensus estimate of US$0.20 compiled by FactSet and up from US$171 million a year ago.

Revenue rose to US$2.68 billion, climbing from US$2.05 billion and above the FactSet forecast of US$2.55 billion.

"Today's results are the payoff from bold bets we made years ago," said chief executive Harley Finkelstein. "The investments we're making now will fuel our next chapter."

For the third quarter, Shopify ( SHOP ) expects its revenue to grow at a mid-to-high twenties percentage and anticipates a low-twenties percentage growth for its gross profit.

The company's shares were last seen up $34.68 to $209.84 on the Toronto Stock Exchange, the highest since November, 2021.

Price: 210.04, Change: +34.88, Percent Change: +19.91