SHOP|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $0.46 | - | - |
| Q2'26 | $0.41 | $0.42 | +2.3% |
| Q1'26 | $0.40 | $0.36 | -10.0% |
| Q4'25 | $0.33 | $0.46 | +39.8% |
| Q3'25 | $0.34 | $0.34 | +0.6% |
| Q2'25 | $0.29 | $0.35 | +22.2% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $3.8B | - | - |
| Q2'26 | $3.5B | $3.6B | +2.0% |
| Q1'26 | $3.4B | $3.2B | -6.7% |
| Q4'25 | $3.1B | $3.7B | +19.5% |
| Q3'25 | - | $2.8B | - |
| Q2'25 | - | $2.7B | - |
SHOP|Monthly Returns
Market Data
SHOP Stock Snapshot
- Market cap
- 171.91B
- P/E ratio
- 89.2
- Day range
- $129.80 – $133.24
- News sentiment
- 61/100 · Bullish
- Analyst target
- $171.08 (+31.5%)
- Consensus
- Buy · 57 analysts
SHOP sits in the lower half of its 52-week range with the technical picture unresolved. Earnings and guidance carry more weight than macro data at this capitalisation.
Behaviour On Record
What SHOP's own history says about today's numbers
- Realized volatility (21d)
- 47.0% 44th pct
- Below its peak
- -26.8%
- vs 200-day average
- -0.2%
- Up days (1y)
- 49%
Shopify Inc. is currently running 47.0% annualised volatility over the last 21 sessions. Measured against SHOP's own 11 years of daily returns rather than a market-wide average, that is the 44th percentile — close to its own typical level, against a typical reading of 49.6%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
SHOP is trading -26.8% below its running peak. Across 10 full years on file, its median worst-drawdown-in-a-year was -32.9%, and the deepest was -81.2% in 2022. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.
Price sits -0.2% from its 200-day moving average. Against every other day in its history, that gap ranks at the 22nd percentile — a narrower gap than it typically runs. Over the past year SHOP closed higher on 49% of sessions, and it is currently 1 session into a falling streak.
On September specifically: over 12 years of records, SHOP finished the month higher 6 of 12 times, with a median return of -0.8% and an average of -0.3%. Its strongest month historically has been November at +11.6% on average, its weakest February at -2.3%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: SHOP has opened more than 2% away from the prior close in 164 of 2,845 sessions (5.8% of the time), with the largest gaps running +15.5% and -10.4%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
Across the last 3 dated reports on file, SHOP moved an average of 4.0% in the session after earnings, closing higher 1 of those 3 times, with a median move of -2.5% and a largest of -7.7%.
All figures computed from 2,846 daily closes between 2015-05-21 and 2026-09-15, split-adjusted, recomputed daily. Percentiles are against SHOP's own 11-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of SHOP's sector?
Shopify Inc. sits in the Technology sector, currently ranked 6th of 11 GICS sectors by relative-strength rotation score (lagging). Within its narrower Software industry group, SHOP ranks 2nd of 15 tracked industries, leading.
- Sector rank
- #6 of 11
- Sector state
- Lagging
- Sector rotation score
- 50
- Industry rank
- #2 of 15
Analyst Rating Changes
Are analysts turning bullish or bearish on SHOP?
Bernstein most recently initiated coverage on Shopify Inc. to Outperform on Sep 11, 2026 with a price target of $160. Over the last 90 days, coverage has run 2 upgrades against 1 downgrade, a net bullish lean.
- Latest action
- Bernstein — Outperform
- 90-day upgrades
- 2
- 90-day downgrades
- 1
- Net rating momentum
- +1
