Shopify +10% premarket after Q4 EPS $0.57 vs $0.51, revenue +31% to $3.67B, guides low 30% growth and unveils $2B buyback

Financial report: [https://s27.q4cdn.com/572064924/files/doc\_financials/2025/q4/Shopify\_Investor\_Press\_Release\_Q4-25\_FINAL.pdf](https://s27.q4cdn.com/572064924/files/doc_financials/2025/q4/Shopify_Investor_Press_Release_Q4-25_FINAL.pdf) News: [https://www.investing.com/news/earnings/shopify-shares-surge-as-q4-earnings-beat-powers-strong-outlook-4499489](https://www.investing.com/news/earnings/shopify-shares-surge-as-q4-earnings-beat-powers-strong-outlook-4499489) >Shopify Inc. (NASDAQ:SHOP) shares surged more than 12% premarket after the e-commerce platform reported fourth-quarter earnings that exceeded analyst expectations, while providing strong Q1 revenue guidance and announcing a $2 billion share repurchase program. >The company posted adjusted earnings per share of $0.57 for the quarter ended December 31, 2025, beating the analyst estimate of $0.51. Revenue jumped 31% YoY to $3.67 billion, topping the consensus forecast of $3.59 billion. This marks Shopify's eleventh consecutive quarter of 25% or greater revenue growth, excluding logistics. >"2025 was Shopify at full throttle - driving compounding growth, while laying the rails for the new era of AI commerce," said Harley Finkelstein, President of Shopify. The strong quarterly performance contributed to full-year 2025 revenue of $11.56 billion, representing 30% growth compared to 2024. >Shopify generated $715 million in free cash flow during the quarter, resulting in a free cash flow margin of 19%. The company's gross merchandise volume (GMV) grew 31% to $123.84 billion in Q4. >Chief Financial Officer Jeff Hoffmeister highlighted the company's balanced approach to growth and profitability: "We closed Q4 with strong top-line growth and disciplined cash generation with revenue up 31% year-over-year and a 19% free cash flow margin." >For the first quarter of 2026, Shopify expects revenue to grow at a low-thirties percentage rate YoY, similar to Q4 2025 and above the analyst consensus estimate of a 25.2% rise, according to data compiled by LSEG. The company also anticipates a free cash flow margin in the low-to-mid teens for Q1, slightly below the same period in 2025.