- Shopify Inc
- 11 February 2026 16:25:11
Source: Sharecast
The company said it delivered a "standout 2025", after revenues grew 30% to US$11.56bn and gross profits swelled 24% to $5.56bn.
For the fourth quarter, revenues were up 31% year-on-year at $3.67bn, with gross merchandise volumes surging 31% to $123.84bn on the back of a strong holiday shopping season. Gross profits were up 25% at $1.69bn.
However, adjusted earnings came in at 48 cents, short of the 50 cents expected by analysts.
“2025 was Shopify at full throttle - driving compounding growth, while laying the rails for the new era of AI commerce,” said company president Harley Finkelstein. “2026 will be the year of the builders, and we’ll be powering them - from first sale to full scale.”
Looking ahead, the company guided to a "low-thirties percentage rate" in revenue growth over the first quarter, similar to the fourth quarter but slightly ahead of the current 25% consensus forecast. Gross profit will grow at a "high-twenties percentage rate", it said.
Shopify also announced a new share repurchase programme of up to $2bn, which chief financial officer Jeff Hoffmeister said comes "from a position of financial and operating strength".
"Our capital allocation principles remain unchanged: prioritiing growth while remaining disciplined, flexible, and focused on long-term value for Shopify and our shareholders," he said.
The stock was down 12.0% at $112 by 1621 GMT.