secwatch.observer — SEC 8-K summary
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Issuer:     SHOPIFY INC. (SHOP)
CIK:        0001594805
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001594805-25-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shopify Q4 revenue $2.81B (+31% YoY); free cash flow margin expands to 22%
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- Q4 revenue $2.81B (+31% YoY); GAAP operating income $465M vs $289M a year ago.
- Q4 GMV $94.5B (+26% YoY); full-year GMV $292.3B (+24% YoY).
- Q4 free cash flow $611M; free cash flow margin 22% (up from 21% in Q4 2023).
- Full-year 2024 revenue $8.88B (+26% YoY); full-year free cash flow $1.60B, margin 18%.
- MRR at year-end $178M, up 24% YoY; seventh consecutive quarter of 25%+ rev growth ex-logistics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1594805/000159480525000011/0001594805-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1594805/000159480525000011/shop-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001594805-25-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer