Shopify prepares to report third-quarter earnings

E-commerce software company Shopify is scheduled to release its third-quarter financial results before the market opens on Tuesday, November 3. The upcoming report follows a period where the stock price declined approximately 12 percent from its recent record high of $179.22.

Market analysts are looking for revenue growth in the low-thirties percentage range, consistent with guidance provided by management in August. Previous quarters have shown the company exceeding its own forecasts, with revenue growth reaching 34 percent in the first quarter of 2026 and 34 percent in the second quarter.

For the current quarter, the market expects year-on-year revenue growth of approximately 31.7 percent. Shopify previously reported revenues of $3.58 billion in the prior quarter, representing a 33.7 percent increase year-on-year. The company's average analyst price target currently stands at $176.77.