Shopify revenue grew 32% year over year, AI agents accelerate shopping

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Shopify announced its quarterly results, with revenue growing 32% year over year to $3.7 billion and GMV growing 29.5% year over year to $119 billion. The company said AI-driven traffic grew 2.6 times year over year, and connected the Shop Pay wallet to third-party AI interfaces, allowing algorithms to complete purchases without directly accessing users’ raw bank card information. Shopify said catalog-driven search has twice the conversion rate of general AI queries; PYMNTS research shows that 40% of U.S. consumers who shop with autonomous AI assistants are more likely to buy from large retailers.