Shopify Inc. (SHOP) reported a 36% year-over-year increase in international revenues for fiscal 2025, surpassing the overall revenue growth of 30%. This growth highlights the company’s success in expanding its market presence beyond North America, where nearly half of the incremental gross merchandise volume in Q4 2025 originated outside the region. The company is expanding Shopify Payments to 60 new countries, supporting localized payment methods and integrated cross-border solutions to ease merchant entry into new markets.
For Q1 2026, the Zacks Consensus Estimate projects revenues of $3.08 billion, representing a 30.59% increase year-over-year. Shopify’s global expansion strategy faces competition from major players like Amazon (AMZN) and Wix.com (WIX), both enhancing their e-commerce capabilities. Shopify shares have decreased 21.3% over the past six months, while the projected EPS for 2026 is $1.76, indicating potential growth of 50.43% year-over-year.
