secwatch.observer — SEC 8-K summary
======================================

Issuer:     SHOPIFY INC. (SHOP)
CIK:        0001594805
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001594805-26-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1594805/000159480526000006/0001594805-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1594805/000159480526000006/shop-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001594805-26-000006

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