Core Insights - Shopify reported $2.36 billion in revenue for Q1 2025, a year-over-year increase of 26.8% [1] - The EPS for the same period was $0.25, compared to $0.20 a year ago, with a surprise of -3.85% against the consensus estimate of $0.26 [1] Revenue and Earnings Performance - The reported revenue exceeded the Zacks Consensus Estimate of $2.33 billion by 1.32% [1] - Year-over-year revenue growth was driven by Merchant solutions revenue of $1.74 billion, up 28.9%, and Subscription solutions revenue of $620 million, up 21.3% [4] Key Metrics - Gross Merchandise Volume (GMV) was reported at $74.75 billion, slightly above the estimated $74.66 billion [4] - Monthly Recurring Revenue (MRR) reached $182 million, exceeding the estimate of $179.99 million [4] - Gross Profit for Merchant solutions was $672 million, surpassing the average estimate of $657.22 million, while Subscription solutions gross profit was $497 million, below the estimate of $543.90 million [4] Stock Performance - Shopify shares returned +3.4% over the past month, underperforming the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]