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Nov 5, 2025 8:50 AM

These Analysts Increase Their Forecasts On Shopify Following Q3 Results

Shopify Inc. (NASDAQ:SHOP) reported better-than-expected sales for the fiscal third quarter on Tuesday.

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.

Shopify expects fourth-quarter revenue growth to be in the mid-to-high twenties percentage rate on a Y/Y basis (roughly $3.51 billion to $3.59 billion), versus an analyst consensus estimate of $3.48 billion.

It projects a free cash flow margin ...