New York, Jan 29, 2026, 15:17 EST — Regular session
Shares of Shopify Inc climbed 2.7% to $142.73 on Thursday, bucking the sluggish U.S. market as investors geared up for the company’s upcoming earnings. The stock fluctuated between $137.47 and $144.00 during a volatile session.
This follows Shopify’s announcement that it will release its fourth-quarter and full-year 2025 financial results before the market opens on Feb. 11. The company also scheduled a conference call for 8:30 a.m. ET.
That date falls smack in a rough patch for software stocks, with investors selling off amid worries that hefty AI investments won’t pay off soon. “There are all sorts of storm clouds in the background,” said John Praveen, managing director and co-CIO at Paleo Leon, as megacap tech weighed on the Nasdaq. Reuters
Shopify, known for its e-commerce software and payment solutions, typically moves based on growth forecasts rather than daily economic figures. Investors will focus on how demand fared toward the end of the year and what the company reveals about spending and margins for 2026.
Major indexes slid. The Invesco QQQ Trust, tracking the Nasdaq 100, dropped around 1.1%. The SPDR S&P 500 ETF also edged down, losing close to 0.6%.
Most online-commerce stocks dipped. Wix.com dropped roughly 4.3%, Etsy lost around 4.8%, and Amazon slid about 1.5%.
Despite Thursday’s gain, Shopify still trades roughly 22% under its 52-week peak of $182.19, highlighting how fast sentiment can turn in pricey software shares.
Investors will zero in on gross merchandise volume, or GMV — the total value of goods sold via Shopify-powered stores — as an indicator of merchant activity when the company reports. Attention will also be on merchant services compared to subscription revenue, along with any updates on cash flow.
But the setup works both ways. Software stocks, already on edge, could see sharp swings if holiday demand disappoints or outlooks turn cautious—particularly as investors continue rotating away from pricey growth names.
Markets were absorbing the Federal Reserve’s move from the previous day to hold rates steady, with scant indication of when cuts could come next.
Shopify’s next major event is set for Feb. 11, when it will report earnings before the market opens and hold its conference call at 8:30 a.m. ET.
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