Shopify’s Whiplash Day

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 12 February 2026

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

It looked like Shopify’s stock was headed for a great day when it reported earnings, only for the stock to give up all its gains and then some when management started talking on the conference call. The gang discusses why management’s comments had such a profound effect on the stock. Plus, a look at Moderna after the recent FDA approval and stocks on our radar Tyler Crowe, Matt Frankel, and Jon Quast discuss: - The market’s sharp reaction to Shopify’s earnings - e-commerce in the era of agentic commerce - The FDA’s refusal to review Moderna’s new flu vaccine - Stocks on our radar Companies discussed: SHOP, AMZN, GOOG, PINS, WMT, MRNA, TREX, CROX, SAFRY Host: Tyler Crowe Guests: Matt Frankel, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Spotify's earnings and conference call had two very different reactions. This is Motley Fool Money.
0:20.6	Welcome to Molly Full Money. I'm Tyler Crow. And today I'm joined by longtime Fool
0:24.8	contributors, Matt Frankel and John Quest. We got a pretty good show today. We're going to talk
0:28.5	about Moderna's recent challenges with the FDA approval on some of its flu vaccines. We'll do
0:35.0	our normal Thursday thing where we do stocks on our radar. But we wanted to open today's up and down day yesterday with its fourth corner
0:43.9	earnings report. I think Shopify investors probably have like their next treated for whiplash
0:49.4	yesterday. Before the market opened and the company reported fourth quarter earnings, it was poised for a great day.
0:56.3	The stock was up 13% in pre-market trading. Then as management basically started to discuss results
1:02.1	and get questions in the conference call, the stock started plummeting. And actually, by the end of the
1:06.7	day, it was down 6% from the prior day close. So I have hosting duties here. So I will admit, I'm not the most ardent follower of Shopify, so I'm going to lean on you guys a little bit more here. But at the first glance of the results that I looked at, I was like, they're pretty good, right? Like, Matt, what did they say? Well, first of all, Tyler, in the past couple weeks, we've seen a few earnings
1:28.6	reports where it's up in pre-market trading or after hours a night before, then management
1:33.1	opens their mouth and it changes. This is definitely not the only case we've seen this quarter.
1:38.9	But yeah, the numbers looked extremely strong, at least on the surface to me, 31% year-over-year revenue growth, which is exactly the same as a year ago,
1:48.1	so it's not even decelerating as the business scales.
1:51.2	Solid growth in free cash flow, operating profit, pretty much every other metric.
1:55.9	Merchandise volume through the platform grew by 29% year-over-year for the full year of 2025. There's now three
2:02.9	times as much merchandise flowing through Shopify's platform than just five years ago. International
2:09.3	growth was a really strong point. The shop pay checkout platform, volume through that grew
2:14.3	62% year-over-year. It's looking really good.
2:17.6	The company authorized a new $2 billion buyback.
2:21.0	Even the first quarter guidance was well ahead of what analysts were looking for, which
2:24.4	has not been the case with a lot of other software companies.
	...

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