Shopify’s stock slides as its revenue misses analysts’ estimates

Financial Post · Yvonne Lau · 2026-11-03 17:45 UTC

The company's revenue jumped 32% to US$3.74 billion as it continued to expand its global footprint and AI offerings

Shares of Shopify Inc. slid on Tuesday after the e-commerce platform’s third-quarter revenue missed Wall Street estimates for the first time in four years.

The Ottawa-based company’s revenue increased 32 per cent to US$3.74 billion in the quarter as it expanded its global footprint and artificial intelligence offerings, but that missed analysts’ expectations of US$3.75 billion.

Shopify’s third-quarter subscription revenue of US$836 million also fell short of analysts’ estimates of US$850.2 million.

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