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Greater Shopify Payments adoption drove growth; slower expense growth lifted operating margins despite a lower-margin mix.
Merchant momentum and operating leverage lifted cash flow margins; equity-investment mark-to-market gains boosted GAAP profit.
Mahendra-Rajah resigned to join the U.S. Department of Commerce; Joe Natale is expected to succeed him as Audit Committee chair.
Coverage: 10-K, 10-Q and 8-K filings filed since Jul 1, 2026.
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Company data: Wikidata Q7501150
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