11:47 AM EDT, 08/06/2025 (MT Newswires) -- Shopify ( SHOP ) reported strong second-quarter results with GMV and revenue 8% and 5% above consensus, notes Wedbush. The company beat on operating income by ~US$48 million.

Shopify ( SHOP ) also guided to third-quarter revenue growth in the mid-to-high 20s% range Y/Y, ahead of Wedbush/street estimates calling for +22% Y/ Y. "We expect some level of conservatism as management delivered 2Q revenue growth (+31.1% Y/Y) several basis points above the high end of its guidance range (mid-20s% Y/Y) and total opex well below expectations."

Wedbush has a US$115 12-month target on Shopify ( SHOP ) with an Outperform rating.

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