Shopify's Q3 results beat estimates on profit, with adjusted EPS of $0.49, operating income of $568 million and free cash flow of $816 million. However, gross merchandise volume rose 29% to $119.15 billion, short of the $120.08 billion analysts expected. Subscription Solutions revenue grew 20% to $836 million, below the $850.2 million estimate, and gross profit rose 28%, trailing revenue as lower-margin Merchant Solutions took a bigger share. The stock fell 17% to $130.01 in morning trading from $156.22, while Wix slid 3% and Etsy 1%.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/02/2026 | 245.63 |
| Change that session | +2.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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