Upcoming Earnings: Q3 '26
Estimated EPS
$0.47
Estimated Rev
$3.75B
• Reported GAAP EPS of $0.49 up 44.12% YoY • Reported revenue of $3.74B up 31.58% YoY • Shopify expects Q4 2026 revenue to grow at a low-thirties percentage rate year over year, gross profit dollars to grow at a high-twenties percentage rate, and operating expenses at 29% to 30% of revenue.
Bullish Takeaway
Shopify reported Q3 2026 revenue growth and GMV growth, a 22% free cash flow margin versus 18%, and continued building commerce across surfaces and agents.
Bearish Takeaway
Shopify cited risks from economic conditions and consumer spending, emerging-technology adoption, third-party providers, cyberattacks and software defects, alongside higher operating expenses and research and development expenses year over year.
Generated by Stocktwits using AI and company-reported earnings data for Q3 '26. This recap is intended to help readers understand the quarter quickly. Verify key figures in the linked source materials; the summary may contain errors and is not investment advice.
Historical Earnings
Quarterly
Annual
EPS
Revenue
| Fiscal Period | Estimated | Reported | Surprise | Result |
|---|---|---|---|---|
Q3 '26 | $0.47 | -- | -- | N/A |
Q2 '26 | $0.40 | -- | -- | N/A |
Q1 '26 | $0.33 | -- | -- | N/A |
Q4 '25 | $0.50 | -- | -- | N/A |
Q3 '25 | $0.34 | $0.34 | 1.25% | BEAT |