Shopify Inc Registered Shs -A- Subord Vtg

SHOP: XNAS (USA)

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Shopify Earnings: Strength Seen Across the Board Once Again

Dan Romanoff

Nov 4, 2025

Shopify's third-quarter results exceeded both the company's outlook and FactSet consensus estimates. Revenue growth accelerated to 32% year over year to $2.84 billion, while non-GAAP operating margin was 16.4%. Guidance centers around stable trends continuing.

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Shopify Inc Registered Shs -A- Subord Vtg

Shopify Earnings: Strength Seen Across the Board Once Again

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