Canadian e-commerce giant Shopify (SHOP.TO) is showing resilience as Canadian tech stocks trail their U.S. counterparts.

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We recently published a list of the 15 Best Growth Stocks to Buy for the Next 3 Years. In this article, we are going to take a look at where Shopify Inc.

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Shopify is benefiting from robust growth in its merchant base. In the first quarter of 2025, Merchant Solutions’ revenues were $1.74 billion and accounted for 73.7% of Shopify’s total revenues.

The Canadian e-commerce company said it expects gross profit growth in the quarter ending in June to be in the mid-teens, compared with a year earlier. Analysts were looking for growth exceeding 20%.