Core Insights - Shopify's revenues increased by 31% during the quarter, with no adverse effects from tariffs [1] - The company's performance exceeded expectations, particularly in North America and Europe, with no decline in U.S. demand [2] - Merchants have raised prices in response to inflation, with only 4% of Shopify's gross merchandise value (GMV) shipped under de minimis exemptions [3][4] Financial Performance - Shopify's global payments penetration reached 64%, a 61% increase year over year [5] - Shop Pay's GMV increased by 65% to $27 billion [5] - The company expanded its payments product into 16 new countries and introduced multi-entity support for high-volume merchants [5] Payment Innovations - Shopify introduced a USDC stablecoin option for international transactions in partnership with Coinbase [6] - The company is adapting to changing payment preferences to ensure merchants are prepared for future trends [6] Technological Advancements - Shopify is focusing on "agentic commerce," integrating shopping into AI conversations with new products like Catalog, Universal Cart, and improved Checkout Kit [7] - The AI assistant for merchants, Sidekick, offers actionable insights for inventory optimization and customer churn analysis [7]