
Shopify (SHOP) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Shopify (SHOP) last issued guidance on August 5, 2026 for Q3 2026. The company guided revenue in the range of $3.73B - $3.78B for the period.
Compared to prior guidance, Shopify raised its revenue forecast from a prior range of $3.4B - $3.46B.
Shopify has issued 8 guidance updates between November 12, 2024 and August 5, 2026. During this period, the company raised its outlook 5 times and lowered it 2 times, providing investors with insight into management's evolving expectations.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $0.37 | $0.31 | $0.47 | $0.30 |
| Actual | $0.42 | $0.36 | $0.48 | $0.34 |
| Surprise | +13.5% | +16.1% | +2.13% | +13.3% |
| Revenue | ||||
| Estimate | $3.44B | $3.08B | $3.59B | $2.76B |
| Actual | $3.58B | $3.17B | $3.67B | $2.84B |
| Surprise | +4.21% | +2.78% | +2.39% | +3.20% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $0.44 | $0.63 | $0.22 | $0.39 |
| Revenue | ||||
| Consensus | $3.74B | $4.74B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 5, 2026 | $0.42 | $0.37 | 13.5 % |
| Q1 | May 5, 2026 | $0.36 | $0.31 | 16.1 % |
| Q4 | Feb 11, 2026 | $0.48 | $0.47 | 2.13 % |
| Q3 | Nov 4, 2025 | $0.34 | $0.30 | 13.3 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 5, 2026 | $3.58B | $3.44B | 4.21 % |
| Q1 | May 5, 2026 | $3.17B | $3.08B | 2.78 % |
| Q4 | Feb 11, 2026 | $3.67B | $3.59B | 2.39 % |
| Q3 | Nov 4, 2025 | $2.84B | $2.76B | 3.20 % |