Commerce.com Q2 revenue misses estimates

Commerce.com

06/08/2026 12:30

Overview
US commerce platform's Q2 revenue was flat yr/yr, missing analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company saw 14% GMV growth and improved net revenue retention

Outlook
Commerce.com sees Q3 revenue between $82.5 mln and $85.5 mln
Company expects Q3 non-GAAP operating income between $3.3 mln and $5.3 mln
Commerce.com forecasts 2026 revenue between $336.5 mln and $344.5 mln

Result Drivers
GMV GROWTH - Co reported 14% yr/yr increase in Gross Merchandise Volume, indicating higher transaction activity
NET REVENUE RETENTION - Co saw third consecutive quarter of sequential improvement in net revenue retention
PRODUCT INVESTMENT - Co said it is investing in product intelligence, AI-driven commerce, and open architecture to strengthen business quality and durability, per CEO Travis Hess

Company press release: ID:nGNX3fqQkv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$84.50 mln
$85.44 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$0.08
$0.04 (6 Analysts)
Q2 Gross Margin
 
75.00%
 
Q2 Adjusted Gross Margin
 
76.00%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Commerce.com, Inc. is $5.75, about 68.6% above its August 5 closing price of $3.41
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Aug 5 - Shopify Q2 revenue rises 34% on broad GMV growth
Aug 5 - eBay Q2 revenue, profit beats analyst expectations on advertising offerings
Aug 5 - MercadoLibre profit margins narrow even as Q2 revenue surges past $10 bln for first time

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)