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Shopify’s Q4 2025 earnings are out.
The headlines:
→ We now power more than 14% of the US ecommerce market
→ GMV is up 29% to $378B
→ Revenue is up 30% to $11.5B
→ Free cash flow exceeded $2B
→ Q4 was our first quarter above $3B in revenue
But 2025 wasn’t just about growth, it was about building for what’s next.
AI is changing how people shop. Merchants are racing to meet it. And we plan to keep powering them.
Watch the video for more.
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