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.
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