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Nov 4, 2025 12:00 PM

Shopify's Growth Comes At The Cost Of Margins

Shopify (NASDAQ:SHOP) stock slid after the company reported fiscal third-quarter results on Tuesday.

SHOP is lagging behind market performance. Get the inside scoop here

The company's quarterly revenue growth of 32% year-over-year to $2.84 billion beat the analyst consensus estimate of $2.76 billion. 

The e-commerce platform company reported adjusted EPS of 34 cents, which was in line with the analyst consensus estimate.

Also Read: Shopify ‘Priced for Perfection,' Setting High Bar for Upcoming Earnings Report: Analyst

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The adjusted net income was $441 million compared to $459 million a year ago.

Gross merchandise volume increased 32% Y/Y to $92.01 billion. ...