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TradingKeyAug 7, 2026 3:15 PM View all comments(0) • Shopify shares rose following strong quarterly earnings and gross merchandise volume growth. • AI integration and higher-margin software services contributed to improved merchant conversion rates. • Multiple analysts issued buy ratings with an average price target of $166.36.
SHOP jumped 17% after Q2 revenue surged 34% to $3.6 billion, putting our 12-month price target of $155 within reach.
Shopify SHOP is set to report second-quarter 2026 results on Aug. 5. For the to-be-reported quarter, Shopify expects revenue growth in the high-20% range year over year. The Zacks Consensus Estimate for revenues is currently pegged at $3.43 billion, suggesting growth of 28.11% from the year-ago quarter’s reported figure. The consensus mark for earnings is…
Written by: Arslan Ali Butt•Friday, August 7, 2026•4 min read •Last updated: Friday, August 7, 2026
Investing.com — Shopify Inc. (NASDAQ: SHOP) reported second-quarter results that exceeded analyst expectations on both revenue and earnings, sending shares significantly higher at the open as the company delivered accelerating growth across key metrics.
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GMV: $116 billion, up 32% year-over-year, marking the fifth consecutive quarter of GMV growth above 30%.
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 (NASDAQ:SHOP), the e-commerce platform powering millions of online businesses, crushed expectations in the second quarter and sent its shares soaring about 26% in premarket trading. Revenue surged 34% year over year to $3.58 billion, and management followed that up with another confidence boost by forecasting low-30% revenue growth for the third quarter. That’s even…