Shopify (SHOP)
Coverage summary
Aardvark Labs Capital Research has covered Shopify (SHOP) since November 5, 2025. The company is in the Technology sector. This page lists 5 reports: 5 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published November 5, 2026. That report moved the rating from Outperform to Hold. The rating has changed twice since coverage began.
Translations: 4 in Chinese.
Rating history
All SHOP reports
Recap: Q3 2026
A Clean Quarter, a Costlier Q4: The Guide Breaks Shopify's Leverage Run, and We Downgrade to Hold
Recap: Q2 2026
Twenty for Twenty, and a Q3 Guide Five Points Above the Street: Shopify Takes Back Half the De-Rating in a Day
Recap: Q1 2026
Best Quarter, Worst Day: A 34% Revenue Print Met a 15.6% Decline, and Most of the Guided Slowdown Is Currency
Recap: Q4 2025
Opened Up 9%, Closed Down 7%: The Best Year in Shopify's History Met a De-Rating, and We Upgrade
Recap: Q3 2025
Growth Accelerated to 32% and the Stock Fell 7%: Gross Margin Is the Price of the Payments Flywheel