Shopify Inc (SHOP) — the earnings record

As of the 2026-08-04 card — updated after each print. An investment research diary, not advice.

The record at a glance

8/10EPS beats

9/10revenue beats

4 · 2 · 4up · flat · down (+3d, ±3%)

2026-08-05next print

Reactions across the covered prints span -6.3% to +14.6% — the beat column and the reaction column frequently disagree, which is the whole reason the record scores them separately. The street carries est revenue ~$3.43B into the next print.

Print by print

Print	Date	EPS	Revenue
May 26	2026-05-05	✓ beat	✓ beat
Feb 26	2026-02-11	✗ miss	✓ beat
Nov 25	2025-11-04	✓ beat	✓ beat
Aug 25	2025-08-06	✓ beat	✓ beat
May 25	2025-05-08	✗ miss	✗ miss
Feb 25	2025-02-11	✓ beat	✓ beat
Nov 24	2024-11-12	✓ beat	✓ beat
Aug 24	2024-08-07	✓ beat	✓ beat
May 24	2024-05-08	✓ beat	✓ beat
Feb 24	2024-02-13	✓ beat	✓ beat

The per-print reaction chart, the load-bearing metric and the behavior read live on the full SHOP print-record card — free registration.

FAQ · from the current data · as of 2026-08-04

Quick answers

How often does Shopify Inc beat earnings estimates?

Across the last 10 covered prints (as of the 2026-08-04 card), Shopify Inc beat EPS estimates 8 of 10 times and revenue estimates 9 of 10 times, with 8 double beats.

How does SHOP stock react to earnings?

Measured close-of-print-day to the close three sessions later: 4 of the last 10 prints resolved up (beyond +3%), 2 flat, 4 down — reactions spanning -6.3% to +14.6%. Beat-or-miss and reaction are scored separately because they frequently disagree.

What was SHOP's biggest earnings reaction?

+14.6% over the three sessions after the May 25 print (2025-05-08).

When does Shopify Inc report earnings next?

2026-08-05 (est EPS $0.39 · est revenue ~$3.43B). The full print-record card — reaction chart, the load-bearing metric and the behavior read — updates after each print; registration is free. An investment research diary, not advice.

Mentioned on Closelook

Where SHOP appears in the diary — 9 pieces, newest first. Every link is our own writing.

Go deeper

The Agentic Winners 25A Leading Indicator for the Agentic Software RotationDossier · $49 one-time, or included in C+

Long reads

The Agentic Winners 25Dossier · $49 · 31 Mar 2026Shopify is the commerce operating system for the agent economy — its integration with Google's UCP positions it as the platform through which AI shopping agents will browse, compare, and purchase on behalf of consumers.
The SaaS Litmus Test: Is The March Bottom Real?Weekly Signal · 19 Apr 2026

Dailies

Brent closes above $100 for the first time since July and the 10-year hits 4.86%: Wall Street falls a third day while Cloudflare +10%, Datadog +7% and Meta +7% catch the money the chip leaders gave backMorning 10 · 10 Sept 2026The software ETF itself still fell 0.8%: Shopify −5.5%, ServiceNow −2.3%, Salesforce −2.0%, CoreWeave −4.9%, IonQ −5.8%.
Chips lead the market down as oil tops $105 and the 10-year hits 4.92%: Micron −4%, Intel −4%, Nvidia −2.5% — while software posts its first up day in six and Apple gains 3%Midday 10 · 10 Sept 2026The iShares software ETF is up 0.5% at $102.38, its first gain in six sessions, with ServiceNow +2.1%, Salesforce +0.6%, Datadog +0.5% and Shopify +0.3% after two heavy days; Cloudflare −0.2% at $313 and Meta −0.2% at $652 are holding…
Oil knocks on $100 and Wall Street sells everything but the AI pipe: Intel +9%, Lumentum +11%, Dow −1.2% — Seoul buys the dip and the Kospi is back above 7,000Morning 10 · 9 Sept 2026Intel +9.1% on another CPU price rise, AMD +5.9%, Broadcom +3.0%, and the optical names went vertical — Lumentum +11.0%, Corning +7.6% on an 80-million-mile fibre contract with Verizon, Coherent +7.1% — while Shopify, UiPath and Atlassian…
The trade flips at midday: chips fade, software bounces — Meta +6%, Cloudflare +9%, Datadog +6% while oil holds $101 and the 10-year hits 4.85%Midday 10 · 9 Sept 2026The rest of the market is weaker, not stronger: the Russell 2000 is down 1.2%, Booking, Shopify, SpaceX, the cruise lines and Canada are being sold on oil at $101 and a trade fight, and the 10-year yield is at 4.85%, its highest since 2023.
Chips up again, software down again — Friday's split is turning into a trendMidday 10 · 8 Sept 2026Second session of the same trade, and it is widening: the optical and hardware names are up 7% to 12%, Intel 9%, AMD through $500, while Shopify falls 7%, Intuit, Workday and Booking 6%, and ServiceNow, Salesforce and Adobe 3% to 4%.
Introducing the Agentic Winners 25Daily Pulse · 31 Mar 202625 names across 7 sectors: MAG7 Gateway (MSFT, GOOGL, AAPL), Platform (SAP, NOW, CRM, WDAY), Toll Booth (NET, DDOG, CRWD, TWLO, OKTA), Neocloud/Edge (DOCN, FSLY, QCOM), Data/Search (SNOW, MDB, ESTC), Vertical (VEEV, INTU, PTC, CSGP, IOT)…
Jensen Confirms the Inference InflectionDaily Pulse · 31 Mar 2026Commerce + Orchestration (PLTR, SHOP) coordinates the workflows.