SHOP

Despite a slight miss, Shopify's growth remains consistent. The stock is starting to look attractively valued after this dip.

Investors interested in stocks from the Internet - Services sector have probably already heard of KE Holdings Inc. Sponsored ADR (BEKE) and Shopify (SHOP). But which of these two stocks presents investors with the better value opportunity right now?

Shopify revenue grew 32% year-over-year to $3.7 billion in Q3. Quarterly gross merchandise volume increased 30% to $119 billion.

Shopify's stock has pulled back from its all-time high. But it could soar higher as its new growth engines kick in.

Shopify's Q3'26 earnings beat estimates as revenues surge 31.6%, fueled by strong GMV growth, higher payments penetration and expanding AI commerce adoption.

ARK Invest snapped up Shopify shares on the same day the stock cratered after a rare revenue miss, raising a pointed question about whether the fundamentals justify that confidence at a 141x earnings multiple.

Shopify's Q3 2026 earnings call highlights surging AI shopping traffic, expanding payments penetration and cost discipline as holiday-quarter spending rises.

ServiceNow was the Portfolio's top-performing holding during the quarter as improving sentiment toward high-quality software companies coincided with another strong earnings report. Tokyo Electron, a Japan-based leader in semiconductor production equipment, was the Portfolio's largest relative detractor during the quarter. In Q3 2026, we initiated new positions in Seagate Technology, Advanced Micro Devices, Quanta Services, and SK Hynix, while selling Oracle.

Shopify Inc. (SHOP) Q3 2026 Earnings Call Transcript

Shopify reported results that easily topped expectations. The company also provided upbeat Q4 guidance.