Similar companies
Did Shopify Beat Earnings?
Shopify (SHOP) reported Q2 '26 revenue of $3.58B, up 33.7% year-over-year, with reported EPS of $0.32. That topped the $0.28 analyst estimate by 14.3% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Shopify’s job postings, web traffic, and employee business outlook. See the full SHOP stock analysis or the earnings calendar for upcoming reports.
SHOP Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $0.28 | $0.32 | Beat +14.3% |
| Q1 '26 | $0.33 | $0.36 | Beat +9.1% |
| Q4 '25 | $0.51 | $0.48 | Missed -5.9% |
| Q3 '25 | $0.34 | $0.34 | Met +0.0% |
| Q2 '25 | $0.29 | $0.35 | Beat +21.1% |
| Q1 '25 | $0.26 | $0.25 | Missed -3.8% |
Shopify Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.16B | 2.81B | 2.36B | 2.68B | 2.84B | 3.67B | 3.17B | 3.58B |
| Gross margin | 51.7% | 48.1% | 49.5% | 48.6% | 48.9% | 46.1% | 48.8% | 47.7% |
| Operating margin | 13.1% | 16.5% | 8.6% | 10.9% | 12.1% | 17.2% | 12.1% | 13.6% |
| Net income | 828M | 1.29B | -682M | 906M | 264M | 743M | -581M | 1.5B |
| Net margin | 38.3% | 46.0% | -28.9% | 33.8% | 9.3% | 20.2% | -18.3% | 41.9% |
| EPS | $0.64 | $0.44 | $0.25 | $0.35 | $0.34 | $0.48 | $0.36 | $0.32 |
Shopify Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Shopify’s quarterly revenue moved from $2.16B to $3.58B. Net margin expanded from 38.3% to 41.9%, against a 47.7% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Shopify has beaten Wall Street EPS estimates in 6 of its last 8 reported quarters.
When Is Shopify’s Next Earnings Date?
Shopify reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the SHOP earnings calendar.
Frequently Asked Questions: Shopify Earnings
Shopify's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Shopify reported Q2 '26 EPS of $0.32 on revenue of $3.58B (+33.7% YoY). Shopify beat estimates, reporting $0.32 vs. the $0.28 estimate.
Shopify reported Q2 '26 revenue of $3.58B, up 33.7% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the SHOP AI Score.
