OTTAWA — Shopify Inc. reported US$462 million in third-quarter net income, up from US$264 million in the same quarter last year, as its revenue rose more than 30 per cent. The e-commerce company, which keeps its books in U.S. dollars, says the profit amounted to 36 cents US per diluted share for the quarter ended Sept. 30 compared with a profit of 20 cents US per diluted share a year earlier. On an adjusted basis, Shopify says its profit amounted to 49 cents US per diluted share in its latest quarter, up from an adjusted profit of 34 cents per diluted share in the third quarter of 2025. Revenue for the quarter totalled US$3.74 billion, up from $2.84 billion in the same quarter last year. The results included US$836 million in subscription solutions revenue, up from US$699 million a year ago, while merchant solutions revenue totalled $2.91 billion, up from $2.15 billion in the same quarter last year. In its outlook for its fourth quarter, Shopify says it expects revenue to grow at a low-thirties percentage rate on a year-over-year basis. -- This report by The Canadian Press was first published Nov. 3, 2026.
