Added to YB: 2026-08-26
Pitch date: 2026-08-24
SHOP [neutral]
Shopify Inc.
+2.64%
current return
Author Info
No bio for this author
Company Info
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
Market Cap
$192.0B
Pitch Price
$149.91
Price Target
N/A
Dividend
N/A
EV/EBITDA
77.95
P/E
100.74
EV/Sales
14.07
Sector
IT Services
Category
growth
Shopify Answers Every Doubt With a Monster Quarter
SHOP (earnings): Q2'26 blew past expectations: revenue +34% YoY to $3.58B (~3.9% above consensus), GMV +32% to $115.6B (5th straight quarter >30%), FCF margin up to 18%, op income +68%. The real driver was the Q3 guide—low-30s% revenue growth vs Street's 26.3%, ~5pts above. Growth is broad-based (Intl +37%, B2B +76%, Shop Pay +53%, take rate up to 2.41%) and AI shifted from feared risk to tailwind (agentic orders 3x YoY, margins held as Sidekick scaled). Watch: agentic order growth decelerating from 8-13x to 3x, a fast-scaling credit book (provisions +93%, delinquencies 2.3%→3.0%), and a reclass flattering FCF. Rich at ~89x FCF / ~78x fwd EPS, leaving no room for a miss.
Read full article (9 min)