Shopify quarterly revenue grows 32%, advances AI shopping
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On November 4, 2026, Shopify announced its quarterly results: revenue grew 32% year over year to $3.7 billion; gross merchandise volume (GMV) grew 29.5% year over year to $119 billion. The company said AI-driven traffic increased 2.6-fold year over year, and it has integrated the Shop Pay wallet into third-party AI interfaces, allowing algorithms to complete purchases without directly accessing raw bank card information. Shopify also said conversion rates for catalog-driven search are twice those of general AI queries. PYMNTS research shows that 40% of U.S. consumers who shop using autonomous AI assistants are more likely to buy from large retailers.
AI-written from reports · updated 2 hours ago
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- PYMNTSShopify revenue grew 32% year over year, AI agents accelerate shopping
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.
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