Shopify reported record fourth-quarter revenue of US$3.67 billion for 2025, surpassing analyst expectations, but missed earnings estimates, posting adjusted earnings of US$0.48 per share versus the US$0.51 consensus. Revenue rose 31 percent year over year, exceeding internal forecasts, while annual gross merchandise volume reached US$378 billion.
The Ottawa-based firm announced a US$2-billion share repurchase program and projected low-thirties revenue growth for Q1 2026. Despite strong holiday sales and accelerating AI initiatives, including agentic storefronts, shares fell more than 10 percent after the earnings call amid broader software-sector volatility and investor caution.
Want to know more? Check out the source code on BetaKit.