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Lightspeed Commerce Inc.’s $400 Million Buyback Adds Another Layer To The Reset!

Lightspeed Commerce Inc. reported its fiscal first quarter of 2027 with revenue of $323 million, reflecting a 17% organic year-over-year growth and surpassing its revenue guidance. Gross profit rose 12% to $139 million, with a gross margin of 43%, down slightly from 45% a year prior on an organic basis. The company noted growth engines—focused on North American retail and European hospitality—delivered 20% revenue growth, 14% growth in gross transaction volume (GTV), and a 10% increase in customer locations to approximately 99,000. Payments penetration rose to 44% overall and reached 49% within growth engines, underscoring an expanded footprint in transaction-based revenues. The company’s software revenue grew 8% organically to $95 million, with software gross margins improving to 83% from 81% previously, driven partly by AI integration that resolved 80% of support tickets, improving efficiency.