Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-0.82%
$106.50
0% positive prob.
5-Day Prediction
-2.40%
$104.81
0% positive prob.
20-Day Prediction
-3.62%
$103.50
0% positive prob.
| Quarter | Signal | 1D Return | 5D Return | 20D Return | Confidence | Actual 5D |
|---|---|---|---|---|---|---|
| Q1 2026 | SELL | -0.82% | -2.40% | -3.62% | 99.9% | -6.87% |
| Q4 2025 | HOLD | -1.25% | +3.30% | -2.47% | 0.0% | +4.37% |
SEC 8-K filings with transcript text
May 5, 2026 · 100% conf.
1D
-0.82%
$106.50
Act: -2.13%
5D
-2.40%
$104.81
Act: -6.87%
20D
-3.62%
$103.50
Act: +5.18%
2 exhibit991pressreleaseq120.htm
Document
Shopify Delivers Again as Merchants Clear $100 Billion in Q1 GMV
May 5, 2026 - Shopify announced today financial results for the quarter ended March 31, 2026. Shopify achieved 34% revenue growth and 15% free cash flow margins.
"Shopify has entered the AI era with a clear edge: strong, durable growth and two decades of commerce intelligence. That puts us in a category of one, and we're about to see that advantage compound throughout 2026," said Harley Finkelstein, President of Shopify.
Jeff Hoffmeister, Chief Financial Officer, said, "Q1 delivered broad-based growth across geographies, merchant sizes, and channels, with over $100 billion of GMV in the first quarter alone. That is the platform compounding. The durability of this model allows us to invest strategically in growth, both in the merchant-facing tools that drive commerce innovation and in the internal capabilities that let us build and ship faster. ”
Selected Business Performance Information(1)
(In US $ millions, except percentages)
Three months ended
March 31, 2026March 31, 2025
Revenue3,1702,360
Gross profit1,5461,169
Operating income382203
Free cash flow476363
YoY revenue growth rate34%27%
Free cash flow margin15%15%
(1) See endnotes below for definitions of GMV and MRR and additional information on free cash flow and free cash flow margin, which are non-GAAP financial measures and are reconciled to the comparable GAAP measures in the non-GAAP reconciliation at the end of this press release.
1
2026 Outlook
The outlook that follows supersedes all prior financial outlook statements made by Shopify, constitutes forward-looking information within the meaning of applicable securities laws, is based on a number of assumptions, and is subject to a number of risks. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Shopify’s control. Please see "Forward-looking Statements" at the end of this press release.
For the second quarter of 2026, we expect:
•Revenue to grow at a high-twenties percentage rate on a year-over-year basis;
•Gross profit dollars to grow at a mid-twenties percentage rate on a year-over-year basis;
•Operating expenses as a percentage of revenue to be 35% to 36%;
•Stock-based compensation to be $145 million; and
•Free cash flow margin to be in the mid-teens.
Quarterly Conference Call
Shopify’s management team will hold a conference call to discuss our first-quarter results today, May 5, 2026, at 8:30 a.m. ET. The conference call will be webcast in the Investor Relations section of Shopify’s website at www.shopify.com/investors/events. An archived replay of the webcast will be available following the conclusion of the call.
Shopify’s Form 10-Q for the quarter ended March 31, 2026, including the unaudited Condensed Consolidated Financial Statements and accompanying Notes, and Management's Discussion and Analysis, will be available on Shopify’s website at www.shopify.com and will be filed on EDGAR at www.sec.gov and on SEDAR+ at www.sedarplus.ca.
About Shopify
Shopify provides essential internet infrastructure for commerce. Shopify’s all-in-one platform makes it easier to start, run, and grow a business, powering sales online, in-store, and everywhere in between. Millions of businesses in 175+ countries use Shopify—from entrepreneurs to brands like Aldo, BarkBox, Carrier, Meta, Vuori, SKIMS, and Supreme.
For more information, visit www.shopify.com
CONTACT INVESTORS:Carrie GillardCONTACT MEDIA:Ben McConaghy
Director, Investor RelationsDirector, Communications
IR@shopify.compress@shopify.com
2
Shopify Inc. Condensed Consolidated Statements of Operations
(In US $ millions)
Three months ended
March 31, 2026March 31, 2025
Revenues
Subscription solutions750620
Merchant solutions2,4201,740
3,1702,360
Cost of revenues
Subscription solutions148123
Merchant solutions1,4761,068
1,6241,191
Gross profit1,5461,169
Operating expenses
Sales and marketing496405
Research and development437377
General and administrative115109
Transaction and loan losses11675
Total operating expenses1,164966
Operating income382203
Net other expense, including taxes(2) (963)(885)
Net loss (581)(682)
less: equity investments, marked to market, net of taxes(941)(908)
Net income
excluding the impact of equity investments(3) 360226
(2) Net other expense, including taxes includes interest income, gains and losses on equity and other investments, foreign exchange gains and losses, and our provision for income taxes.
(3) Net income excluding the impact of equity investments is a non-GAAP financial measure which is reconciled at the end of this press release. This measure excludes the impact of any gains or losses on our equity investments in third parties. Shopify believes this measure provides useful information to investors given that valuations of third par
Feb 11, 2026 · 0% conf.
1D
-1.25%
$117.13
Act: -6.55%
5D
+3.30%
$122.52
Act: +4.37%
20D
-2.47%
$115.68
shop-20260211FALSE000159480500015948052026-02-112026-02-110001594805dei:OtherAddressMember2026-02-112026-02-11
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 11, 2026
Shopify Inc. (Exact name of registrant as specified in its charter)
Canada001-3740098-0486686 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
151 O'Connor Street, Ground Floor85 10th Ave, Suite 800 Ottawa,OntarioNew York,New York CanadaK2P 2L8USA10011 (Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (613) 241-2828 x 1045
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Securities registered pursuant to Section 12(b) of the Act: Title of each classTradingName of each exchange on which registered Class A Subordinate Voting SharesSHOPThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On February 11, 2026, Shopify Inc. (the "Company") issued a press release announcing its financial results for the quarter and full year ended December 31, 2025, as well as a share repurchase program. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 7.01. Regulation FD Disclosure.
On February 11, 2026, the Company also announced that its Board of Directors authorized the Company to repurchase up to US$2.0 billion of its Class A subordinate voting shares ("Class A Subordinate Voting Shares"), provided that the number of Class A Subordinate Voting Shares repurchased does not exceed 5% of the Company's issued and outstanding Class A Subordinate Voting Shares. The repurchase program will go into effect on February 17, 2026 and does not have a fixed expiration. The actual timing, number and value of Class A Subordinate Voting Shares repurchased will depend on a variety of factors, including price, general business and market conditions, applicable legal requirements and alternative investment opportunities. The repurchase program may be effected through open market purchases on the Nasdaq, privately negotiated transactions, including block trades, or other means, in compliance with applicable Canadian and United States securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and including through Rule 10b5-1 trading plans. Additional information related to the repurchase program is included in the press release, a copy of which is furnished as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.Description
99.1Press release of financial results issued by Shopify Inc. on February 11, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 11, 2026 By:/s/ Michael L. Johnson Name: Michael L. Johnson
Title: Corporate Secretary
Nov 4, 2025
shop-20251104FALSE000159480500015948052025-11-042025-11-040001594805dei:OtherAddressMember2025-11-042025-11-04
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 4, 2025
Shopify Inc. (Exact name of registrant as specified in its charter)
Canada001-3740098-0486686 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
151 O'Connor Street, Ground Floor85 10th Ave, Suite 800 Ottawa,OntarioNew York,New York CanadaK2P 2L8USA10011 (Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (613) 241-2828 x 1045
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Securities registered pursuant to Section 12(b) of the Act: Title of each classTradingName of each exchange on which registered Class A Subordinate Voting SharesSHOPThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On November 4, 2025, Shopify Inc. (the "Company") issued a press release announcing its financial results for the quarter ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.Description
99.1Press release of financial results issued by Shopify Inc. on November 4, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 4, 2025 By:/s/ Michael L. Johnson Name: Michael L. Johnson
Title: Corporate Secretary
This page provides Shopify Inc. (SHOP) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on SHOP's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.