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Business • 2026-11-03, 09:45 ET • ~1 min read

Shopify stock plunges after Q3 revenue and gross profit miss estimates

Shopify stock plunges after Q3 revenue and gross profit miss estimates

Shopify stock plunges after Q3 revenue and gross profit miss estimates

Shopify stock plunges after Q3 revenue and gross profit miss estimates

Key points

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मुख्य बातें

  • Shopify shares fell sharply in early trading after the e-commerce company reported third-quarter results that missed Wall Street expectations on revenue and gross profit, despite strong growth from a year earlier.
  • Revenue rose 32 percent to $3.74 billion, below estimates of about $3.77 billion, while gross operating profit rose 28 percent to $1.781 billion, short of the $1.799 billion expected.
  • The total value of goods sold through its platform, $119.2 billion, also missed estimates.
  • Shopify shares fell sharply in early trading after the e-commerce company reported third-quarter results that missed Wall Street expectations on revenue and gross profit, despite strong growth from a year earlier.
  • Revenue rose 32 percent to $3.74 billion, below estimates of about $3.77 billion, while gross operating profit rose 28 percent to $1.781 billion, short of the $1.799 billion expected.
  • The total value of goods sold through its platform, $119.2 billion, also missed estimates.
  • Shopify shares fell sharply in early trading after the e-commerce company reported third-quarter results that missed Wall Street expectations on revenue and gross profit, despite strong growth from a year earlier.
  • Revenue rose 32 percent to $3.74 billion, below estimates of about $3.77 billion, while gross operating profit rose 28 percent to $1.781 billion, short of the $1.799 billion expected.
  • The total value of goods sold through its platform, $119.2 billion, also missed estimates.

Shopify shares fell sharply in early trading after the e-commerce company reported third-quarter results that missed Wall Street expectations on revenue and gross profit, despite strong growth from a year earlier. Revenue rose 32 percent to $3.74 billion, below estimates of about $3.77 billion, while gross operating profit rose 28 percent to $1.781 billion, short of the $1.799 billion expected. The total value of goods sold through its platform, $119.2 billion, also missed estimates. Adjusted earnings of 49 cents a share did beat estimates, and operating income jumped 66 percent, but investors focused on the misses. For the December quarter, Shopify expects revenue growth in the low-30 percent range and gross profit growth in the high-20 percent range.

Shopify shares fell sharply in early trading after the e-commerce company reported third-quarter results that missed Wall Street expectations on revenue and gross profit, despite strong growth from a year earlier. Revenue rose 32 percent to $3.74 billion, below estimates of about $3.77 billion, while gross operating profit rose 28 percent to $1.781 billion, short of the $1.799 billion expected. The total value of goods sold through its platform, $119.2 billion, also missed estimates. Adjusted earnings of 49 cents a share did beat estimates, and operating income jumped 66 percent, but investors focused on the misses. For the December quarter, Shopify expects revenue growth in the low-30 percent range and gross profit growth in the high-20 percent range.

Shopify shares fell sharply in early trading after the e-commerce company reported third-quarter results that missed Wall Street expectations on revenue and gross profit, despite strong growth from a year earlier. Revenue rose 32 percent to $3.74 billion, below estimates of about $3.77 billion, while gross operating profit rose 28 percent to $1.781 billion, short of the $1.799 billion expected. The total value of goods sold through its platform, $119.2 billion, also missed estimates. Adjusted earnings of 49 cents a share did beat estimates, and operating income jumped 66 percent, but investors focused on the misses. For the December quarter, Shopify expects revenue growth in the low-30 percent range and gross profit growth in the high-20 percent range.

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