---
schema_version: "secwatch.filing_event.v1"
accession: "0001594805-25-000088"
form_type: "8-K"
ticker: "SHOP"
cik: "0001594805"
company_name: "SHOPIFY INC."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:37:53.885622+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Shopify beats Q3: revenue $2.84B (+32% YoY), GMV $92B, FCF margin 18%

## Summary
- Revenue of $2,844M, up 32% YoY from $2,162M; gross profit $1,391M.
- GMV reached $92,013M, up 32% YoY; MRR $193M.
- Operating income $343M vs $283M; free cash flow $507M (18% margin).
- Nine consecutive quarters of double-digit free cash flow margins.
- Management cites growth from entrepreneurs and global brands like Estée Lauder.

## SEC filing metadata
- accession: 0001594805-25-000088
- form_type: 8-K
- ticker: SHOP
- cik: 0001594805
- company_name: SHOPIFY INC.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/0001594805-25-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/shop-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001594805-25-000088
- JSON: https://secwatch.observer/filing/0001594805-25-000088.json
- Plain text: https://secwatch.observer/filing/0001594805-25-000088.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.