Shopify (SHOP) shares are down 9.51% in today's regular session, trading at $141.37 as of 10:31 AM ET, after third-quarter results narrowly missed on revenue. Revenue came in at $3.742 billion versus a $3.744 billion consensus, though it rose 31.58% year over year, while adjusted EPS of $0.49 beat the $0.4598 estimate. Gross merchandise volume (GMV) rose 29%, slower than 32% in the second quarter, which the article says is Wall Street's main worry. Invesco QQQ held 25,888,276 Shopify shares worth $2.96 billion as of its June 30, 2026 filing, and the article estimates the drop takes about 0.057 percentage points off QQQ's return.
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ShopifyQQQETFearningse-commerce
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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