Shopify Inc. reported a fourth-quarter profit of US$743 million as its revenue rose 31 per cent compared with a year earlier.
The e-commerce company, which keeps its books in U.S. dollars, says the profit amounted to 57 cents US per diluted share for quarter ended Dec. 31.
The result compared with a profit of US$1.29 billion or 99 cents US per diluted share in the last three months of 2024.
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Revenue for the quarter totalled US$3.67 billion, up from US$2.81 billion a year earlier.
Merchant solutions revenue totalled US$2.90 billion, up from US$2.15 billion a year earlier, while subscription solutions revenue totalled US$777 million, up from US$666 million.
Shopify chief financial office Jeff Hoffmeister says the company closed the fourth quarter with strong top-line growth and disciplined cash generation.
“We ended 2025 with strength across all merchant sizes, regions, and channels, setting us up well for 2026,” Hoffmeister said in a statement.
In its outlook, Shopify says it expects revenue for the first quarter of 2026 to grow at a low-thirties percentage rate on a year-over-year basis, similar to the fourth quarter of 2025.
Shopify also announced its board of directors has authorized a share repurchase program of up to US$2 billion.
“We are launching this share repurchase program from a position of financial and operating strength, as clearly demonstrated by the results we announced today,” Hoffmeister said.
“Our capital allocation principles remain unchanged: prioritizing growth while remaining disciplined, flexible, and focused on long-term value for Shopify and our shareholders.”
By buying back its shares, a company reduces its equity base, spreading profits over fewer shares. That increases its return on equity and earnings per share, two key ratios used to determine a company’s financial health and investment rating.
This report by The Canadian Press was first published Feb. 11, 2026.
