Shopify’s Q1 results show us where commerce is headed next.
Strong Q1 with 27% revenue growth, $74B in GMV, and continued free cash flow strength.
But the real story that we are focused on at Superstep? Where the growth at Shopify is coming from.
SHOP isn’t just helping merchants build stores. It’s becoming the infrastructure layer for global commerce.
-It’s clear Payments is the growth engine. Shopify is doubling down on tools that remove friction, especially for merchants selling internationally. New features like duties-at-checkout and smarter cross-border shipping seem to be gaining fast adoption.
-Customer experience is expanding post-purchase. The updated Shop App now highlights local goods and enables duty-paid deliveries, which will reduce surprises at the door.
-POS is emerging as a serious unlock. Shopify is building the connective tissue between physical retail and digital commerce, finally making omnichannel feel seamless, not duct-taped. For brands with both stores and screens, this is going to be game changing.
Shopify is clearly building the rails for modern commerce. And it seems like they’re building it with clarity, conviction, and a long-term lens.