Shopify Q3 2025 Earnings: 32% Sales Surge, Bold Holiday Forecast – Is This Growth Stock Unstoppable?
Shopify reported Q3 2025 revenue of $2.84 billion, up 32% year-over-year and above analyst estimates. Gross merchandise volume reached $92 billion, also rising 32%. Operating income climbed to $343 million, while free cash flow hit $507 million with an 18% margin. Shares fell about 3–4% pre-market after results, trading near $173 with a market cap over $220 billion.