Shopify's results for Q3 2026 (quarter ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-03. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $3,742 million (+31.6% vs a year earlier) |
| Diluted EPS (GAAP) | $0.36 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $0.49 |
| Full-year guidance | Next quarter only |
Guidance
Shopify expects Q4 2026 revenue growth at a low-thirties percentage rate, gross profit growth in the high twenties, and opex at 29–30% of revenue.
Why this label: '2026 Outlook' section covers only the fourth quarter of 2026 (revenue growth low-thirties %).
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| revenue growth y/y | Q4 2026 | low-thirties percentage rate |
| gross profit dollar growth y/y | Q4 2026 | high-twenties percentage rate |
| operating expenses as % of revenue | Q4 2026 | 29%–30% |
| stock-based compensation | Q4 2026 | $155 million |
| free cash flow margin | Q4 2026 | consistent with Q4 2025 |
From the release
Revenue: "Revenue · 3,742 · 2,844"
Earnings per share: "Diluted net income per share attributable to shareholders (8) : · GAAP · $ · 0.36 · $ · 0.20 · Non-GAAP · $ · 0.49"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Q3 revenue rose 32% to $3.74 billion; GMV $119 billion; free cash flow margin 22%.
Source
Shopify earnings release (SEC filing), accession 0001594805-26-000067, filed 2026-11-03.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.