SHOPQ3 20261/4Estimate vs Actual
Earnings per Share
$0.49
+ 4.3% vs Estimate
Surprise as recorded in the analysis; the estimate itself is not on the calendar.
Shopify Q3 2026 · Story
Read the quarter card by card, ready to share.
SHOPQ3 20261/4SHOPQ3 20262/4Guidance
Revenue Growth (Q4)
- Company Guidance
- 30% – 33%
- Market Estimate
- 32.1%
In Line ✓
Gross Profit Growth (Q4)
- Company Guidance
- 27% – 29%
2.8 Point Annual Acceleration ▲
Operating Expenses / Revenue (Q4)
- Company Guidance
- 29% – 30%
0.6 Point Annual Increase ▼
SHOPQ3 20263/4In 30 Seconds
Revenue rose 31.6% to $3.74B, and adjusted earnings per share of $0.49 beat the estimate by 4.3%.
- GMV came in 0.8% and subscription revenue 1.7% below estimates, while fourth-quarter revenue guidance was in line.
- The stock fell as much as 13% intraday on the growth misses, and the decline narrowed to 5.2% as of 12:41 ET.
First point of the analysis's “In 30 Seconds”.
Full AnalysisSHOPQ3 20264/4Score
58
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