Internet and consumer platforms · Starter · Team Microsoft and OpenAI

Shopify

Commerce software for merchants outside Amazon.

77OVRRotationDraft · rated on 4 of 6

Ratings

Shopify's GMV was $115.6bn in Q2 2026, up 32%, on revenue of $3.6bn, up 34%, powering the merchants that compete with Amazon.

Dominance82draft
A commerce starter with Q2 2026 gross merchandise volume of $115.6bn.
sourced sec.gov
Momentum80draft
Q2 2026 GMV rose 32% to $115.6bn and revenue rose 34% to $3.6bn.
sourced sec.gov
Leverage64draft
Powers the merchants that compete with Amazon, with $115.6bn of GMV in Q2 2026.
sourced sec.gov
Network base 50, judgment +14.
Durability80draft
Its named risk is AI agents choosing among stores.
sourced sec.gov
Firepowerunrated
The Atlas states no cash, raise, profit, debt or spending commitment for this company.
Deal Heatunrated
The Atlas reports no deal talks, pending deal, listing plan or stated acquisition plan for this company.

Key figures

$115.6bnGMV in Q2 2026, up 32%$3.6bnRevenue, up 34%

From the Atlas key figure: GMV $115.6bn in Q2 2026, up 32%. Revenue $3.6bn, up 34%. AI-attributed traffic and orders each tripled, though management says the channel is still small. Source: sec.gov.

TickerNASDAQ: SHOP

ListedPublic

HQOttawa, Ontario, Canada

Founded2004

CEOTobias Lütke

Profile

Commerce software for merchants outside Amazon.

Internet and consumer platforms · Commerce platforms · Starter

Key figure GMV $115.6bn in Q2 2026, up 32%. Revenue $3.6bn, up 34%. AI-attributed traffic and orders each tripled, though management says the channel is still small.

Why it leads Powers the merchants that compete with Amazon, and is building catalogue tools for AI agents.

What could change it AI agents choosing among stores.

sourced sec.gov

Connections

Allies and partners

OpenAI in AI models and platforms
Shopify says it works with OpenAI, Google, Meta and Microsoft on agentic commerce protocols (earnings-call commentary). digitalapplied.com
On the map

See Shopify and its connections on the map →

Sector standing

No. 6 of 11 rated in Internet and consumer platforms

Ratings by Claude (draft), 2026-11-02, read from the Atlas data under the ratings rubric. Logo: shopify.com. CC0 via Simple Icons 16.36.0. The mark is a trademark of its owner.