Shopify’s operating income rose 66%, driven by tight spending and growth in merchant solutions, twice the pace of gross profit growth. Revenue increased 32% to $3.74 billion in the reported fiscal period, primarily driven by merchant solutions. Earnings per share were $0.49, above analysts’ estimate of $0.4613. Revenue was reported at $3.68 billion versus an estimate of $3.70 billion, compared with $2.84 billion a year earlier, a 29.3% year-over-year increase.
The company delivered strong growth fueled by higher Gross Merchandise Volume and expanding AI commerce adoption according to Zacks data.
Read the full storyOrder value grew 29% year over year, while the company raised its operating outlook for the fourth quarter, after the stock fell in early U.S. trading following the results.
Revenue rose 32% to $3.742 billion, while shares fell more than 19% in premarket trading after merchandise volume and subscription revenue missed expectations.
The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 6.2%; revenue below the estimate by 0.6%.