Shopify Inc.: EPS $0.49 vs $0.4613 expected; revenue $3.68B vs $3.70B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.4900 | 0.4613 | +6.2% | 0.3400 |
| Revenue (USD bn) | 3.6800 | 3.7000 | −0.6% | 2.8400 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 3, 2026 | Q3 FY2026 | 0.49 | 0.4613 | +6.2% | 3.68 | 3.70 | −0.6% |
| Aug 5, 2026 | Q2 FY2026 | 0.42 | 0.3973 | +5.7% | 3.54 | 3.40 | +4.2% |
| May 5, 2026 | Q1 FY2026 | 0.36 | 0.3262 | +10.4% | 3.11 | 3.06 | +1.4% |
| Feb 11, 2026 | Q4 FY2025 | 0.46 | 0.5060 | −9.1% | 3.64 | 3.60 | +1.0% |
| Nov 4, 2025 | Q3 FY2025 | 0.34 | 0.3367 | +1.0% | 2.84 | 2.75 | +3.4% |
| Aug 6, 2025 | Q2 FY2025 | 0.35 | 0.2911 | +20.2% | 2.68 | 2.58 | +3.9% |
| May 8, 2025 | Q1 FY2025 | 0.25 | 0.2600 | −3.8% | 2.36 | 2.53 | −6.5% |
| Feb 11, 2025 | Q4 FY2024 | 0.44 | 0.4321 | +1.8% | 2.81 | 2.70 | +4.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Shopify Inc. results: EPS $0.49 vs $0.4613 expected; revenue $3.68B vs $3.70B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 6.2%; revenue below the estimate by 0.6%.
Revenue was up 29.3% from $2.84 billion a year earlier (Q3 FY2025). EPS was up 44.1% from $0.34 a year earlier. On its record, EPS topped analysts' estimates in 5 of 7 earlier comparable reports.
What the results mean
Shopify Inc.’s business centers on helping merchants manage sales across online storefronts, physical stores, social channels and digital marketplaces. Revenue growth is tied to attracting merchants and deepening platform usage, while making product, inventory and order management tools an integrated part of their daily operations.
The company combines its commerce platform with payments, shipping and access to working capital. This model makes merchant activity and service adoption business drivers, while translating revenue growth into profitability depends on the service mix, delivery costs and spending on platform development.
What to watch on the earnings call: The earnings call merits attention to management’s discussion of merchant demand and adoption of payments, shipping and business management tools. The service mix and its effect on margins, alongside the balance between platform development and spending discipline, would help explain the relationship between business growth and profitability.
For the full analysis of Shopify Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.