Shopify (NASDAQ: SHOP) reported Q3 Revenue for the quarter at $2.84 billion versus the consensus estimate of $2.76 billion.

OUTLOOK

For the fourth quarter of 2025, we expect:

Revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis;
Gross profit dollars to grow at a low-to-mid-twenties percentage rate on a year-over-year basis;
Operating expense as a percentage of revenue to be 30% to 31%;
Stock-based compensation to be $130 million; and
Free cash flow margin to be slightly above Q3 2025.

For earnings history and earnings-related data on Shopify (SHOP) click here.