Shopify Inc. Q2 2026 Earnings Results vs. Expectations
ReportsAug 5, 2026
SlotBefore Market Open
Results are out
This quarter has reported. The consensus below is what we expected going in.
What the Street expects
EPS
$0.21
consensus · see the release
QoQ—
YoY—
Revenue
$3.4B
consensus · see the release
QoQ—
YoY—
QoQ and YoY are what the consensus implies against the prior quarter and the prior year.
Also on the card
Revenue guidance
$3.4B–$3.5B
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | $0.64 | — |
| 2024 Q4 | — | $0.58 | — |
| 2025 Q1 | — | $0.25 | — |
| 2025 Q2 | — | $0.42 | — |
| 2025 Q3 | — | $0.58 | — |
| 2025 Q4 | — | $0.48 | — |
| 2026 Q1 | — | −$0.45 | — |
| 2026 Q2 | $0.21 | $1.16 | +452% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.