$SHOP is sitting right at the edge of a 5-year breakout — price approaching 2021 highs, but the business has grown 2.5x since then.
Revenue up 34% year-over-year. GMV up 32%. Free cash flow margin at 18%.
The setup here isn't just technical. Agentic AI could unlock a new wave of commerce — AI agents discovering products, Shopify handling checkout and payments infrastructure at scale.
Founder-led. Tobi still at the helm. That matters when you're betting on long-term execution through cycles.
Revenue up 34% year-over-year. GMV up 32%. Free cash flow margin at 18%.
The setup here isn't just technical. Agentic AI could unlock a new wave of commerce — AI agents discovering products, Shopify handling checkout and payments infrastructure at scale.
Founder-led. Tobi still at the helm. That matters when you're betting on long-term execution through cycles.