Stock AnalizShopify (SHOP) earnings for the quarter ended September 2026: EPS beats estimates
Shopify reported results for the quarter ended September 2026 on November 3, 2026. Adjusted earnings per share came in at $0.49 against the analysts’ average forecast of $0.46, a beat of 6.6%.
Revenue for the quarter was $3.74 billion, up 31.6% from $2.84 billion in the same quarter a year earlier.
The market’s verdict: the stock fell 2.0% on the first trading day after the report.
The last four quarters
Shopify has beaten the analysts’ EPS forecast in 3 of the last 4 quarters.
| Quarter | EPS | Forecast | Surprise | Revenue growth | Price reaction |
|---|---|---|---|---|---|
| Sep 2026 | $0.49 | $0.46 | +6.6% | +32% | −2.0% |
| Jun 2026 | $0.42 | $0.40 | +5.0% | +34% | +19.6% |
| Mar 2026 | $0.36 | $0.33 | +8.6% | +34% | −17.3% |
| Dec 2025 | $0.48 | $0.51 | −5.7% | +31% | −13.0% |
What comes next
Analysts expect EPS of $0.62 for the next quarter on average and $1.91 for the fiscal year ending December 31, 2026.
The average analyst price target is $177.29, 21% above the current price of $147.09.
Valuation and score
Shopify scores 2.2 out of 5 overall on Stock Analiz (average), trades at a trailing P/E of about 89.7, and its intrinsic value under moderate assumptions is about 46% below the current market value. Full Shopify analysis with 10 years of financials
Frequently asked questions
What was Shopify’s EPS for the quarter ended September 2026?
$0.49 adjusted per share, against an analyst consensus of $0.46.
How much revenue did Shopify report?
$3.74 billion, up 31.6% year over year.
More
This report was written automatically from the published numbers within hours of the release. It is information, not investment advice.