SHOP
Shopify·NASDAQ
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SHOP fundamentals
Shopify (SHOP) released its earnings on Nov 4, 2025: revenue was 2.84B (YoY +31.54%), beat estimates; EPS was 0.34 (YoY -2.86%), met estimates.
Revenue / YoY
2.84B
+31.54%
EPS / YoY
0.34
-2.86%
Report date
Nov 4, 2025
SHOP Earnings Call Summary for Q3,2025
- Revenue Growth: Q3 GMV up 32% YoY to $92 billion, driven by AI tools and international expansion (Europe GMV +49% YoY).
- AI Leadership: Sidekick saw 750,000 new users in Q3, and agentic commerce traffic to Shopify stores increased 7x since January.
- Financial Discipline: Free cash flow margin of 18% (Q3) and consistent 2025 guidance, with operating expenses at 37% of revenue.
- Enterprise Momentum: 98% YoY B2B GMV growth, including 155% in Canada, and major brand migrations like Estee Lauder and Michael Kors.
- Q4 Outlook: Mid to high 20s revenue growth expected, supported by reduced PayPal partnership headwinds and FX tailwinds.
EPS
Revenue
Revenue & Expenses
SHOP has released its 2025 Q3 earnings report, with revenue of 2.84B, reflecting a YoY change of 31.54%, and net profit of 264.00M, showing a YoY change of -68.12%. The Sankey diagram below clearly presents SHOP's revenue sources and cost distribution.
Key Indicators
Shopify (SHOP) key financial stats and ratios, covering profitability, financial health, and leverage.
Shopify (SHOP)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Breakdown
Shopify (SHOP)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Breakdown
Shopify (SHOP)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Breakdown
Where does Shopify (SHOP) generate its revenue? Explore its key revenue streams and top earning regions.
By Business
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Track Shopify (SHOP) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield
You can ask Aime
What is Shopify's gross profit margin?What does Shopify do and what are its main business segments?What is the revenue and EPS growth rate for Shopify year over year?What were the key takeaways from Shopify’s earnings call?What factors drove the changes in Shopify's revenue and profit?Did Shopify beat or miss consensus estimates last quarter?What is the market's earnings forecast for Shopify next quarter?What is Shopify's latest dividend and current dividend yield?
