SHOP compared with APP: revenue, margins and what each company keeps, and the suppliers and customers both name

SHOPShopify Inc.

Mkt capRevenueRevenue

APPAppLovin Corp

Mkt capRevenueRevenue

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SHOPShopify Inc.

APPAppLovin Corp

Price

Mkt cap

Revenue

Revenue flow Supply chain Price Co-movers Event sensitivity Earnings history

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Earnings history

News Findings Companies A–Z Pricing Methodology Sources Corrections About Terms

Not investment advice. Not a broker-dealer. Indices shown as ETF proxies. Supply-chain data CC BY 4.0; market data not redistributable.

Listed on One’s Vibe · live-checked · Oct ’26

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Earnings history

last 4 reports each · paired by recencyMethod ›

SHOP1 of 4 reports

Reportimpliedrealized× implied

Q2 FY26—▲+16.98%—

APP

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q2 FY26±11.9%▼−19.66%×1.66

Q1 FY26±10.2%▲+6.41%×0.63

= impliedSHOP realized, solidAPP realized, hatchedOne scale, both sides: full bar = 20%× = |realized| ÷ impliedSource: market data

Feb 12 '26

±12.3%

▼−19.68%

×1.60

Q3 FY25±9.5%▲+0.70%×0.07

SHOPShopify Inc.

155.61· pre 156.53· delayed

Mkt cap$202.8BRevenue$3.6BQ2 FY26Revenue$11.6BFY25

APPAppLovin Corp

228.86· pre 230.06· delayed

Pre-marketNov 3 '26delayed

Mkt cap$76.5BRevenue$1.9BQ2 FY26Revenue$5.5BFY25

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Pre-marketNov 3 '26delayed

SHOPShopify Inc.

APPAppLovin Corp

155.61pre 156.53delayed

Price

228.86pre 230.06delayed

$202.8B

Mkt cap

$76.5B

Q2 FY26$3.6B

Revenue

$1.9BQ2 FY26

FY25$11.6B

Revenue

$5.5BFY25

SHOP155.61vsAPP228.86Pre-marketNov 3 '26delayed