SHARPE
Reported results
- Total revenue for Q3 2026 was $1,215.6 million compared to $1,868.7 million in Q3 2025.
- GAAP net income was $718.7 million for Q3 2026, compared to $432.6 million in Q3 2025.
- GAAP diluted net income per share was $2.51 in Q3 2026, up from $1.50 in Q3 2025.
- Subscription and services revenue reached $570.2 million, while net transaction revenue was $590.2 million in Q3 2026.
- Non-GAAP Adjusted EBITDA was $332.9 million in Q3 2026.
- Non-GAAP Adjusted Expenses were $975.0 million in Q3 2026.
Guidance
- For Q4 2026, Subscription & Services Revenue is expected to be $550-$630 million.
- For Q4 2026, non-GAAP Adjusted Expenses are expected to be $1,007-$1,157 million, implying GAAP Technology & Development, General & Administrative and Sales & Marketing expenses of $1,043 million to $1,203 million.
- For Q4 2026, Stock-based Compensation is expected to be ~$240 million.
- For full-year 2026, non-GAAP Adjusted Expenses are expected to be $4,150-$4,300 million, implying GAAP Technology & Development, General & Administrative and Sales & Marketing expenses of $4,290 million to $4,450 million.
Price and volatility reaction
The stock moved -10.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -15.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 160.59 | 2026-10-29 |
| Close after release | 143.54 | 2026-10-30 |
| Realised move | -10.6% | close to close |
| 30d ATM IV change | -15.6 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.