Shopify Inc (SHOP-Q) Analyst Research & Price Targets - The Globe and Mail

Earnings Estimates

	Current Qtr03/2026	Next Qtr06/2026	Fiscal Yr12/2026	Fiscal Yr12/2027
Average Estimate	$0.22	$0.27	$1.36	$1.70
Number of Estimates	12	11	13	13
High Estimate	$0.26	$0.32	$1.57	$2.05
Low Estimate	$0.13	$0.22	$1.06	$1.40
Prior Year	$0.18	$0.25	$0.86	$1.36
Growth Rate Est. (year over year)	+22.22%	+8.00%	+58.14%	+25.00%

Earnings History - Surprises*

	Qtr Ending12/2025	Qtr Ending09/2025	Qtr Ending06/2025	Qtr Ending03/2025
Reported	$0.38	$0.27	$0.25	$0.18
Estimate	$0.41	$0.24	$0.20	$0.17
Difference	-0.03	+0.03	+0.05	+0.01
Surprise	-7.32%	+12.50%	+25.00%	+5.88%

* Earnings are based on GAAP income from continuing operations.

Average Analyst Ratings

4.11

3 Mths Ago47

4.43

2 Mths Ago47

4.44

1 Mth Ago48

4.44

Current48

Ratings Values:

Strong Buy5

Moderate Buy4

Hold3

Moderate Sell2

Strong Sell1

Ratings Breakdown

	3 Mths Ago	2 Mths Ago	1 Mth Ago	Current
# of Analysts:	47	47	48	48
	25 2	32 3	33 3	33 3
Holds	20	12	12	12

Key:

Strong Buy

Moderate Buy

Hold

Moderate Sell

Strong Sell

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