By Adriano Marchese
E-commerce platform giant Shopify is scheduled to report its earnings for the second quarter on Wednesday. Here is what you need to know.
REVENUE: According to FactSet, analysts forecast revenue of $2.55 billion, up from $2.05 billion a year earlier.
EARNINGS PER SHARE: Earnings on a per-share basis are expected to rise to 20 cents share from 13 cents a year earlier.
ADJUSTED EPS: On an adjusted basis, which excludes exceptional items and one-off costs, earnings are pegged at 29 cents.
During the second-quarter period, shares of Shopify rose by about 21% and recently traded at $124.66.
WHAT TO WATCH
-- MACRO CHALLENGES: Exposure to small- and mid-sized business is a risk that could weigh on revenue as the year progresses, says CFRA analyst Angelo Zino. The analyst is still optimistic about Shopify's ability to perform up to snuff, but some looming questions about the economy keep him on the cautious side.
-- BUSINESS MOMENTUM: Investors will be keen to know whether the company has been able to navigate continued tariff and macro pressures well, helping to reinforce relative top-line stability. Charlie Miner, analyst at Third Bridge Group, says, "Management's tone on macro remains just as important as the print itself." He expects that greater clarity on the effects of tariffs, the health of the consumer, and merchant durability will likely be critical to how the stock trades post‑earnings.
-- ENTERPRISE: Enterprise sales are long-horizon pursuits, and Shopify has been investing for a number of quarters into winning bigger clients. Investors will want to know what new developments and contracts the e-commerce platform may have gained this quarter. "Shopify's enterprise narrative has been one of the market's favorite angles, and a second-quarter print showing accelerating wins at the top end could be a powerful catalyst," Miner said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
August 05, 2025 14:06 ET (18:06 GMT)
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