Shopify Q4 Revenue Surges 30.6% to $3.67 B and EPS Beats by 33.9%
Shopify reported Q4 CY2025 revenue of $3.67 billion, up 30.6% year-over-year and 2% above the $3.60 billion consensus, while GAAP EPS of $0.57 beat estimates by 33.9%. GMV rose 31% to $123.8 billion and adjusted EBITDA reached $753 million (20.5% margin), driving a 10.6% share jump.
1. Q4 CY2025 Results Exceed Estimates
Shopify reported Q4 CY2025 revenue of $3.67 billion, up 30.6% year-over-year and 2% above consensus; GAAP EPS of $0.57 topped estimates by 33.9%. GMV reached $123.8 billion (31% growth) and adjusted EBITDA was $753 million (20.5% margin), while operating margin held at 17.2%.
2. Operational Efficiency Metrics
Free cash flow margin expanded to 19.5% from 17.8% in the prior quarter, and customer acquisition cost payback remained efficient at 5.5 months, underscoring scalability in Shopify’s sales and marketing investments.
3. Market Reaction and Outlook
Shares jumped 10.6% on the earnings beat, and sell-side analysts now project 23.5% revenue growth over the next 12 months, reflecting confidence in continued demand for Shopify’s commerce platform.