Shopify's Q1 2025 performance highlights its consistent revenue and GMV growth streak, bolstered by new features like tariff-related tools. Here's what you need to know:
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Shopify achieved its eighth straight quarter in which the software and ecommerce platform provider's revenue grew 25% or more.
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Shopify rolled out duties calculation at checkout in February, and by the end of March, the number of people using the feature nearly doubled.
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Shopify also launched TariffGuide.ai, an AI tool that provides duty rates based on product description and country of origin.
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117 of the top 2,000 online retailers in North America use Shopify, generating a combined $9.78 billion in 2024 web sales.
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Shopify has broadened its network of third-party logistics providers by integrating the Shopify Fulfillment Network app, giving merchants access to additional local warehouses for faster fulfillment.
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To make it easier to shop locally, Shopify has introduced a new feature in its Shop app that lets buyers filter products based on their country.
The Fastest-Growing Brands on Shopify Right Now
We rank every brand by the Charm Growth Score, a multidimensional score ranking the growth of a brand based on various factors, including the growth of their social media audience size and engagement, the growth of their reseller distribution, the growth of their website traffic, and the growth of other metrics. The score is generated using a proprietary machine-learning model and represents a brand's relative growth compared to other brands in the same Charm category.
According to the Charm Growth Score, the top five fastest-growing brands on Shopify right now are making waves across the beauty, fashion, apparel & accessories, health, and baby product categories.
Skin1004, the natural skincare brand, leads the pack with a Charm Growth Score of 98.53. Banana Republic is also growing fast, with high growth across Facebook, online resellers, TikTok, and Instagram. The women's fashion brand PrettyLittleThing is growing fast, especially across Facebook and Instagram.
Magic Mind supplements support focus and memory without jitters, and much of their growth is driven by a rapid increase in TikTok followers. Just Ingredients offers health and wellness products made with real ingredients and has been growing fast thanks to their increase in social ads.
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