Shopify Q4 revenue $3.67B (+31% YoY); FY25 $11.56B; authorizes $2B buyback

SHOPIFY INC.

2025-FY EPS reported $0.94 revenue$11,556,000,000

Q4 2025 revenue $3,672M (+31% YoY), FY2025 revenue $11,556M (+30% YoY).
Q4 free cash flow $715M (19% margin); FY2025 FCF $2,007M (17% margin); 10th consecutive quarter double-digit FCF margin.
GMV Q4 $123.8B (+31% YoY), FY2025 $378.4B (+29% YoY).
Board authorized $2.0B share repurchase program starting Feb 17, 2026, no fixed expiration, capped at 5% of outstanding shares.

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