I got to shoot a buddy's P365 yesterday and compared it directly to my P938.
Bottom line, I loved them both!
The P365 is a sweet shooter, and has a great trigger. To me, I felt that the perceived recoil was about the same between the P938 and the P365, although my shooting buddy thought the P365 had less.
Looked at the cases from each, and the P938 had ZERO primer swipe whereas the P365 had its usual large amount.
His gun had about 1,200 round through it.
We shot both the 10-round and 12-round magazines, and I though both would give me a decent purchase on the grip, but as others have reported, I preferred the 12-rounder.
We fed it some of my Federal HST 147 gr. +P carry ammo, and it ate it up just fine. This is my preferred SD ammo for the P938 as well. Both guns shot it very accurately and reliably.
Next up we tried some of my handloaded 124 gr. RMR JHP loads (multi-purpose loads or whatever they are calling them nowadays). I load these at 1.06" with Titegroup at about 131 Power Factor. Once again, both guns ate these loads without issue, and we were nailing 8" steel plates with reckless rapid-fire abandon at 10 yards.
We had just finished an SCSA match in Super Hot, Humid weather, and we both pretty drained. I would have loved to shoot at 25 yards or more, but I think after all of the back-and-forth testing between the two guns, we were just done.
I am pretty impressed with this little gun. It was nice that it just kept shooting with the 12-round mag where the P938 was empty way before I was ready for it to be empty.
I am not sure that I am ready to ditch my P938 yet, but I was pretty heavily impressed with what I saw.