Shopify is set to report third-quarter 2026 results on Nov. 3, with revenue growth guided to the low-30% range; the Zacks Consensus Estimate pegs revenue at $3.74 billion (up 31.4%) and earnings at 45 cents per share (up 32.4%). In the second quarter, GMV rose 32% to $115.6 billion, Merchant Solutions revenue surged 37% to $2.78 billion, and Shop Pay GMV grew 53%. The article argues that growth in Shopify Payments, Shop Pay and AI-enabled commerce could support third-quarter results, but the rising share of transaction-based Merchant Solutions revenue may pressure gross margin. Shopify expects gross profit dollars to grow at a mid-to-high twenties percentage rate, below its low-thirties revenue growth, while operating expenses are likely to stay elevated from AI and platform investments. Over the trailing four quarters, the company beat the Zacks Consensus Estimate for earnings twice, matched once and missed once, with an average surprise of 3.05%.
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