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Shopify rallies after earnings as AI commerce adoption accelerates
In the second quarter, Shopify reported 34% year-over-year sales growth to $3.58 billion and GMV growth of 32% to $115.57 billion alongside rising AI traffic and order activity.
Shopify shares have rebounded after the company’s latest earnings report, with the stock recovering from earlier weakness and moving back toward the high end of its recent range. Yahoo Finance notes the shares fell to a low of $94 earlier in the year and are now nearing $150, down less than 10% year to date. The rebound is tied to Shopify’s push into agentic AI commerce, including its Shopify Catalog built on the Universal Commerce Protocol, which the company co-developed with Alphabet and others. The Catalog is designed to structure product data into a standardized taxonomy for use in AI search engines, shopping apps, and agentic storefronts, with Yahoo Finance saying AI searches powered by Catalog are converting at twice the rate as scraped data. Shopify also highlighted engagement and commerce activity driven by its AI tools. Yahoo Finance reports that AI-driven orders and traffic tripled year over year in the second quarter, and that usage of its Sidekick AI assistant rose 3.6 times among merchants. On the financial side, Shopify posted second-quarter sales of $3.58 billion, up 34% year over year and above the $3.45 billion consensus estimate cited by Yahoo Finance. Gross merchandise volume increased by 32% year over year to $115.57 billion, with North American GMV up 28% and European GMV up 34% in constant currencies, while business-to-business GMV rose 76%.