SHOP Earnings

SHOP reported its earnings on 2026-02-11, showcasing a revenue of 3.67B against an estimate of 3.58B, resulting in a 2.57% surprise. The EPS was 0.38, surpassing the expected 0.51 by -25.49%. The stock experienced a -6.7% price change on the earnings day and a -10.77% change over the next five days, reflecting market reactions to the results.

Following SHOP's earnings announcement on 2026-02-11, the stock price moved by -6.7% on the day of the release. Over the subsequent five days, it saw a -10.77% change. Historically, SHOP's stock price tends to shift by an average of 0.39% in the 10 days leading up to earnings and -0.45% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate SHOP's annual revenue to reach 2.95B, while the EPS is projected at 0.32. These estimates reflect recent revisions, with revenue estimates revised upward by 0.06% and EPS estimates revised upward by 0.09% over the past three months, indicating analyst expectation in the company's performance.

The correlation between SHOP's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were revised upward by 0.06%, while EPS estimates moved revised upward by 0.09%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, SHOP's stock price typically moves by 0.39% in the 10 days before its earnings and -0.45% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of 0.32 and revenue of 2.95B.

The earnings call summary and Q&A reveal strong financial performance, strategic AI integration, and promising growth in B2B and international markets. The company's partnerships with leading AI platforms and expansion of Shopify Payments are positive indicators. Despite some concerns about competitive dynamics and market confusion, the overall sentiment is positive, driven by increased adoption of AI tools and optimistic guidance for future revenue growth. The focus on agentic commerce and free cash flow margins further supports a positive outlook for stock price movement.