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Compared to Estimates, Shopify (SHOP) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2026, Shopify (SHOP - Free Report) reported revenue of $3.74 billion, up 31.6% over the same period last year. EPS came in at $0.49, compared to $0.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.74 billion, representing a surprise of +0.15%. The company delivered an EPS surprise of +8.89%, with the consensus EPS estimate being $0.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Shopify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross Merchandise Volume (GMV): $119.15 billion compared to the $118.73 billion average estimate based on eight analysts.
Monthly Recurring Revenue (MRR): $230 million versus $229.1 million estimated by five analysts on average.
Revenues- Merchant solutions: $2.91 billion versus $2.88 billion estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +35.5% change.
Revenues- Subscription solutions: $836 million versus $855.52 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.
Gross Profit- Merchant solutions: $1.12 billion versus the eight-analyst average estimate of $1.09 billion.
Gross Profit- Subscription solutions: $661 million versus $686.9 million estimated by eight analysts on average.
Shares of Shopify have returned -2.4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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Compared to Estimates, Shopify (SHOP) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2026, Shopify (SHOP - Free Report) reported revenue of $3.74 billion, up 31.6% over the same period last year. EPS came in at $0.49, compared to $0.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.74 billion, representing a surprise of +0.15%. The company delivered an EPS surprise of +8.89%, with the consensus EPS estimate being $0.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Shopify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Shopify here>>>
Shares of Shopify have returned -2.4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.