Shopify shares slide despite Q4 revenue and EPS beat

4 days ago 5

Proactive

Wed, February 11, 2026 astatine 11:22 AM CST 1 min read

Shopify shares descent contempt Q4 gross and EPS beat

Shopify Inc (TSX:SH., NYSE:SHOP) shares were down astir 13% connected Wednesday, adjacent arsenic the e-commerce level reported fourth-quarter gross and net per stock that exceeded expert expectations.

For Q4 2025, Shopify posted gross of $3.67 billion, supra the $3.59 cardinal consensus, marking a 31% summation year-over-year. Adjusted net per stock came successful astatine $0.57, beating the $0.51 estimate.

Gross merchandise measurement (GMV) roseate 31% to $123.841 billion, portion escaped currency travel totaled $715 million, representing a 19% margin.

The stock’s diminution reflected capitalist disappointment aft a prolonged rally, with expectations stretched pursuing Shopify’s caller maturation run.

"2025 was Shopify astatine afloat throttle — driving compounding growth, portion laying the rails for the caller epoch of AI commerce," said Harley Finkelstein, President of Shopify. "2026 volition beryllium the twelvemonth of the builders, and we'll beryllium powering them — from archetypal merchantability to afloat scale."

The results underscore beardown underlying concern momentum crossed some subscription and merchant solutions, adjacent arsenic gross borderline pressures continue.

Looking ahead, Shopify expects gross maturation successful the low-thirties percent scope for the archetypal 4th of 2026, with gross nett rising successful the high-twenties percent scope and escaped currency travel borderline successful the low-to-mid teens.