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NetChoice is a trade association fighting for free speech and free enterprise online. This page is a new education project of NetChoice’s.

The goal of our Tech Competition webpage is to show how the abundance of competition in the tech industry benefits consumers through new exciting services, and market signals pushing businesses to constantly innovate and improve their offerings to their customers. We’ll keep this page updated frequently with news and facts that highlight the prevalence and impact of vigorous competition in U.S. tech markets.

If you have any further questions, please visit NetChoice.org/contact-us.

Thursday • May 8, 2025

Public Documents

Merchant Success Drives Shopify’s Excellent Q1—Delivering Strong Revenue Growth AND Profitability

Shopify Achieved 27% Revenue Growth and 15% Free Cash Flow Margin

“Our Q1 results confirm two clear facts. First, we are delivering both growth and profitability at scale. Second, businesses perform better on Shopify, regardless of market conditions,” said Harley Finkelstein, President of Shopify. “We built Shopify for times like these. We handle the complexity so merchants can focus on their customers. We ship products faster than anyone else, giving merchants the edge they need to succeed.”

Retail

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