---
schema_version: "secwatch.filing_event.v1"
accession: "0001594805-26-000006"
form_type: "8-K"
ticker: "SHOP"
cik: "0001594805"
company_name: "SHOPIFY INC."
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:18:36.337735+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001594805-26-000006
- form_type: 8-K
- ticker: SHOP
- cik: 0001594805
- company_name: SHOPIFY INC.
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000006/0001594805-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000006/shop-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001594805-26-000006
- JSON: https://secwatch.observer/filing/0001594805-26-000006.json
- Plain text: https://secwatch.observer/filing/0001594805-26-000006.txt

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