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Shopify Stock Drops Despite Strong Revenue Growth

11/4/2025

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Summary

Story summary

Shopify (SHOP) stock fell 3% to approximately $168 after third-quarter earnings missed operating income estimates but exceeded revenue expectations.
Operating income increased 53% to $434 million, below the $437 million forecast, while revenue rose 32% to $2.844 billion, surpassing the $2.757 billion estimate.
Gross merchandise volume grew 32% to $92 billion, reflecting strong momentum in Europe and the U.S.
For the December quarter, Shopify expects revenue growth in the mid- to high-20s percentage range.
The company appointed Jessica Hertz as COO amid recent management changes.

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Story summary

Shopify (SHOP) stock fell 3% to approximately $168 after third-quarter earnings missed operating income estimates but exceeded revenue expectations.
Operating income increased 53% to $434 million, below the $437 million forecast, while revenue rose 32% to $2.844 billion, surpassing the $2.757 billion estimate.
Gross merchandise volume grew 32% to $92 billion, reflecting strong momentum in Europe and the U.S.
For the December quarter, Shopify expects revenue growth in the mid- to high-20s percentage range.
The company appointed Jessica Hertz as COO amid recent management changes.