Earnings call briefThird-quarter 2026
Shopify cites higher fourth-quarter taxes and shifted marketing spend
Shopify said its fourth-quarter revenue outlook includes less than 1 point of FX headwind.
GetSignal Shopify SHOP
Shopify said on its third-quarter call that some of the marketing spend it reduced in the third quarter will shift into the fourth quarter. CFO Jeff Hoffmeister said fourth-quarter free cash flow will include higher taxes from the timing of payments in certain jurisdictions. Hoffmeister also said the accounting change to merchant cash advances is not expected to have any meaningful impact in the fourth quarter.
Quotes from the call
“Our free cash flow performance in the fourth quarter primarily reflects a continuation of the trends we saw in Q3, but with higher taxes from the timing of payments in certain jurisdictions that get paid in the fourth quarter.”
Key facts from the call
- Fourth-quarter revenue outlook FX headwind
- Less than 1 point
- Constant currency growth rate last year
- 29%
Source: Shopify's third-quarter 2026 earnings call, November 3, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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