# Shopify shares fall after Q3 revenue and merchandise volume miss estimates

> Original title: Shopify falls 7% after Q3 revenue and merchandise volume miss estimates

- Source: CNBC · Technology
- Published: 2026-11-03T15:15:13.000Z
- Bad Influence: https://badinfluence.news/items/zvewk3frc0sovzslt48p4teip
- Original: https://www.cnbc.com/2026/11/03/shopify-q3-2026-earnings-gmv.html

## Summary

Shopify shares fell in early trading on Tuesday after the company missed estimates for gross merchandise volume and subscription gross profit. Gross merchandise volume came in at $119.15 billion against estimates of $120.03 billion, and quarterly revenue of $3.74 billion was just below LSEG estimates of $3.75 billion. Adjusted earnings of 49 cents per share beat LSEG estimates of 46 cents.