SHOPQ2 20261/5Estimate vs Actual
Earnings per Share
$0.42
+ 7.7% vs Estimate
Surprise as recorded in the analysis; the estimate itself is not on the calendar.
Shopify Inc Q2 2026 · Story
Read the quarter card by card, ready to share.
SHOPQ2 20261/5SHOPQ2 20262/5Guidance
Revenue Growth (Q3)
- Company Guidance
- 31% – 33%
- Market Estimate
- 27%
Midpoint 5 pts Above Estimate ▲
Gross Profit Growth (Q3)
- Company Guidance
- 25% – 29%
Strong Growth · 27% YoY ▲
Operating Expenses / Revenue (Q3)
- Company Guidance
- 33% – 34%
Flat Trend
SHOPQ2 20263/5Price Reaction
First Full Session
+ 17.0%
From the prior close to the report-day close.
SHOPQ2 20264/5In 30 Seconds
Revenue rose 34% year over year to $3.58 billion, beating the market expectation by 4%, while gross merchandise volume grew 32%.
- The company guided to low-thirties revenue growth for the third quarter, against a market expectation of roughly 27%.
- The stock jumped 17% on earnings day as fears that AI would hollow out e-commerce software faded.
First point of the analysis's “In 30 Seconds”.
Full AnalysisSHOPQ2 20265/5Score
87/ 100
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