Shopify Inc.

SHOP · Nasdaq · ·

Compare

$149.33+1.9%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed November 3, 2026

1W: +0.3%
1M: -15.4%

Shopify Inc. (SHOP) stock — is it a good business? — InspectStocks

Shopify Inc.

SHOP · Nasdaq · ·

Compare

$149.33+1.9%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed November 3, 2026

1W: +0.3%
1M: -15.4%

Just reported

Q3 2026 results

From Shopify's results release of November 3, 2026; its quarterly report has since been filed.

Revenue
Actual
$3.74B
+32% y/y
+4.4% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.36
+80% y/y
-69% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$568M
+66% y/y
+16% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

Keep exploring

The themes Shopify is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Curated
E-commerce & marketplaces
By InspectStocks · 16 companies
Online stores and marketplaces where shoppers buy from the company or outside sellers.
Price, 1 year
-8.3%
Revenue, 1 year
+13.4%
+10
A 7B 3C 1D 4F 1

Highest-graded in Software Application

Graded A or B and worth $2B or more: A first, then the largest.

All 219 graded companies in its industry

Grade rose recently in Technology

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

Subscription solutions23%
Merchant solutions77%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

Shopify commerce software
Software for setting up an online store and handling day-to-day tasks such as product listings, inventory, orders and customer relationships.
Shopify Plus
A higher-priced plan for businesses with more complex needs, including selling in multiple countries and selling wholesale to other businesses.
Shopify Payments
A built-in service that lets merchants accept payments and pay processing and currency-conversion fees.

Show 3 more

Point of Sale Pro and hardware
A paid service and equipment for taking in-person sales and connecting them with a merchant's online store and inventory.
Shopify Capital
Financing for merchants, including loans and merchant cash advances.
Sidekick and Catalog
Sidekick is an AI assistant that helps merchants with store tasks and business information. Catalog organizes product details so AI shopping services can find and describe merchants' products.

Who buys it4

Entrepreneurs and small businesses pay for monthly Shopify plans to set up and run online shops.
Larger retail brands, including businesses selling directly to consumers or to other businesses, pay for plans and services suited to more complex operations.
Retailers with physical locations can pay for Point of Sale Pro by location and buy point-of-sale equipment.
Merchants using Shopify Payments pay processing and currency-conversion fees as shoppers make purchases; merchants can also use Shopify's financing and shipping services.

What it stands on, and what could break it

What the business leans on

1Shopify uses third-party cloud providers to run its services; the annual report says Google Cloud is used for most platform operations.
2Shopify says it relies on two suppliers for technology used in Shopify Payments.
3Much of merchant-solutions revenue is tied to the amount of merchandise merchants sell through Shopify, particularly sales processed through Shopify Payments.
4Payments, lending, privacy and data handling are subject to laws and regulations in the countries where Shopify operates.

What could go wrong

1A security breach or other unauthorized access to merchant, buyer or company data could interrupt services, lead to liability and damage trust in Shopify.
2Shopify Payments depends on technology from two suppliers, and interruptions or changes in financial-services rules could affect its payments and other financial products.
3Shopify must attract merchants, keep them using its services and get existing merchants to use more of them while competing with other commerce and payments providers.

Full financial statements →

About Shopify Inc.

Shopify gives businesses software to create online stores, sell in physical shops and manage products, orders and customers. It also provides payment processing, financing, shipping services and sales tools for social media and artificial intelligence (AI) shopping channels.

Head office: Ottawa, Ontario, Canada
Founded: 2006
Employees: approximately 7,600 (December 31, 2025, high)
Listed on: Nasdaq
Financial year ends: December 31

Built from Shopify Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Shopify's results release of November 3, 2026; its quarterly report has since been filed.

Revenue
Actual
$3.74B
+32% y/y
+4.4% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.36
+80% y/y
-69% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$568M
+66% y/y
+16% q/q
Guided
—
No guide given

The full earnings report →