Shopify Inc. (SHOP) CEO Tobias Lütke on Q2 2022 Results - Earnings Call Transcript

Shopify Inc. (NYSE:SHOP) Q2 2022 Earnings Conference Call July 27, 2022 8:30 AM ET

Company Participants

Katie Keita - Senior Director, IR
Harley Finkelstein - President
Amy Shapero - CFO
Tobias Lütke - Founder, Chairman & CEO

Conference Call Participants

David Hynes - Canaccord Genuity
Mark Zgutowicz - The Benchmark Company
Thomas Forte - D.A. Davidson
Colin Sebastian - Robert W. Baird
Paul Treiber - RBC Capital Markets
Gabriela Borges - Goldman Sachs
Daniel Chan - TD Securities
Bhavin Shah - Deutsche Bank
Josh Beck - KeyBanc Capital Markets

Katie Keita

Good morning, and thank you for joining Shopify's Second Quarter 2022 Conference Call. Tobi Lutke, Shopify's CEO; Harley Finkelstein, Shopify's President; and Amy Shapero, our CFO, are with us this morning. After their prepared remarks, we will open it up for your questions.

We will make forward-looking statements on our call today that are based on assumptions, and therefore, subject to risks and uncertainties that could cause actual results to differ materially from those projected. We undertake no obligation to update these statements except as required by law. You can read about these assumptions, risks and uncertainties in our press release this morning as well as in our filings with U.S. and Canadian regulators.

We'll also speak to adjusted financial measures, which are non-GAAP measures and not a substitute for GAAP financial measures. Reconciliations between the 2 are in the tables at the end of our press release. And finally, we report in U.S. dollars, so all amounts discussed today are in U.S. dollars unless otherwise indicated.

With that, I turn the call over to Harley.

Harley Finkelstein

Thanks, Katie, and good morning, everyone. The extraordinary journey that we have been on with merchants continues. As seen in our Q2 results, we continue to grow our merchant base and GMV, and deliver more value to merchants