Subscription solutions
Revenue rose 22% to $802M in Q2 2026. Monthly recurring revenue reached $221M.
The numbers
What it is
Platform plans, POS Pro, apps, domains and themes. Shopify calls monthly recurring revenue (MRR) a directional indicator of where this line is heading.↗ source
Why it matters to the stock. This line is recurring and grows more slowly than payments, so it shows the steady base under volatile GMV.
News
Shopify repurchased $1.42B of its own stock in Q2 2026
Shopify's cash flow statement for the quarter ended June 30, 2026 shows $1.42 billion of share repurchases, against none in the same quarter of 2025.
Capital