Shopify misses Q3 estimates: Gross Merchandise Volume underwhelms
Shares of Shopify fell sharply after the e-commerce platform reported disappointing third-quarter results. Despite topping earnings estimates, revenue and gross merchandise volume (GMV) came in below analysts' forecasts. The company's GMV growth has been steady at above 20% for twelve consecutive quarters, but this quarter saw a drop to $119.15 billion from the previous quarter's $120.03…
Key points
- Shopify shares fell 7% after Q3 results
- GMV growth dropped from previous quarter
- AI agents like Muse driving new traffic and product discovery
Shopify falls 7% after Q3 revenue and merchandise volume miss estimates
CNBC Technology · 3 November 2026
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