Shopify Inc. Q3 2025 Earnings Recap

SHOP Q3 2025 November 4, 2025

Get alerts when SHOP reports next quarter

Shopify reported a robust Q3 2025 with 32% growth in both GMV and revenue, while maintaining an impressive 18% free cash flow margin, showcasing its ability to balance growth and profitability.

Earnings Per Share Beat

$0.34 vs $0.34 est.

+1.0% surprise

Revenue Beat

2844000000 vs 2751698909 est.

+3.4% surprise

Market Reaction

1-Day -6.94%

5-Day -11.87%

30-Day -7.86%

See SHOP alongside your other holdings

Add to your portfolio — free

Key Takeaways

Achieved 32% year-over-year growth in Gross Merchandise Volume (GMV) and revenue.
Maintained consistent free cash flow margins, up to 18% from previous quarters.
Introduced advanced AI tools to enhance shopping experiences, positioning Shopify as a leader in agentic commerce.
Focused on international expansion and offline B2B channels to capture new market opportunities.
Continuous entrepreneurial growth, with a new sale occurring on Shopify every 26 seconds.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit SHOP on AllInvestView.

Next Q1 2026