Shopify 3Q Profit, Revenue Up as Merchant Volume Rises
By Adriano Marchese
Shopify reported higher third-quarter profit and revenue, fueled by accelerating transaction volumes across its merchant network.
The ecommerce company on Tuesday posted on Tuesday net income $462 million, or 36 cents a share, up from $264 million, or 20 cents a share, in the comparable quarter a year ago.
Adjusted earnings were 49 cents a share. According to FactSet, analysts were expecting 47 cents a share.
Revenue rose 32% to $3.74 billion from $2.84 billion, but just shy of the $3.75 billion expected by analysts.
Gross merchandise volume, a key metric that tracks the total sales processed across its platform, reached $119.15 billion, a 29% increase over the prior year.
For the fourth quarter, the company expects revenue to grow at a low-thirties percentage rate, with gross profit dollars to grow at a high-twenties percentage rate.
Operating expenses are projected to be between 29% and 30% of revenue, with free cash flow to be at the same levels as it was in the prior-year period.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 03, 2026 07:34 ET (12:34 GMT)
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