Wall Street expects earnings per share to hit 37 cents, nearly doubling the 20 cents reported a year ago, with adjusted earnings pegged at 47 cents. The core of the performance analysis rests on Gross Merchandise Value, where CIBC analyst Todd Coupland anticipates 28% growth. This projection draws support from a 19% year-over-year increase in web traffic, maintaining the momentum seen in previous quarters.
In section Market Quotes
Shopify Earnings Preview: AI and Enterprise Growth Drive Expectations
With Shopify set to report third-quarter results Tuesday, investors are tracking a sharp acceleration in enterprise spending and the efficiency of AI integration. Analysts project revenue reaching $3.75 billion, a significant jump from the $2.84 billion recorded in the same period last year, alongside improved per-share earnings.
Credit-card data provides a bullish signal for the quarter, revealing a surge in spending among the company's largest enterprise clients. Growth in this segment climbed from 18% in August to 37% by September, outperforming industry peers. While investors remain cautious about the costs associated with artificial intelligence, Coupland suggests that the company’s disciplined approach to token expenses minimizes margin risk, positioning AI as a primary driver for upside rather than a financial burden.
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