The company reported adjusted earnings of 42 cents per share, topping the analyst consensus estimate of 40 cents. Revenue increased 34.3% year over year to $3.58 billion, exceeding the consensus estimate of $3.45 billion.
Shopify expects third-<a href="https://bitcomme.com/whitehawk-therapeutics-reports-second-quarter-2026-financial-results-and-recent-highlights/” title=”Whitehawk Therapeutics Reports Second Quarter 2026 Financial Results and Recent Highlights”>quarter 2026 revenue to grow in the low-30% range year over year. The guidance implies revenue of approximately $3.73 billion to $3.78 billion, above the analyst consensus estimate of $3.59 billion.
“This was a monster quarter: more than 30% growth in GMV AND revenue AND gross profit AND free cash flow,” said Harley Finkelstein, President of Shopify. “We power every kind of business, and with AI, we’re expanding what’s possible for all of them. No one else comes close.”
Shopify shares fell 0.8% to $143.05 in pre-market trading.
These analysts made changes to their price targets on Shopify following earnings announcement.
- Goldman Sachs analyst Gabriela Borges maintained the stock with a Buy and raised the price target from $170 to $194.
- Cantor Fitzgerald analyst Deepak Mathivanan maintained the stock with a Neutral and raised the price target from $127 to $145.
Considering buying SHOP stock? Here’s what analysts think:
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