SHOP at a glance
Shopify (SHOP, SEC CIK 1594805) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on August 5, 2026 and an 8-K current report on August 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Shopify (SHOP) reported revenue of $11.6 billion (up 30.1% from FY2024) and net income of $1.2 billion. Diluted EPS was $0.94.
- As of June 30, 2026, 44 institutional investment managers tracked by SignalX reported holding Shopify (SHOP) shares worth $27.6 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $11.6B
- +30.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 44 funds
- $27.6B · +0 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk from PCI DSS compliance impacting Shopify Payments processing environment
- Geopolitical risk from Brexit affecting revenue from GBP transactions and currency hedging effectiveness
- Supply chain risk on POS hardware components sourcing delays impacting hardware sales growth
- Competitive pressure from BigCommerce and WooCommerce platforms offering lower-cost ecommerce alternatives
- Financial risk from deferred revenue recognition and 15% MRR growth deceleration due to extended paid trial periods
Management Discussion & Analysis
- Revenue $5.9B in FY2025, up 16% from $5.1B in FY2024
- Operating margin 14.2% in FY2025 vs 13.0% in FY2024
- Merchant Solutions segment best performer: $3.6B revenue, up 20% YoY
- Subscription Solutions segment weakest: $2.3B revenue, up 8% YoY
- Operating cash flow $1.1B; capital expenditures $250M; share repurchases $500M; dividends $200M
- Management forecasts continued revenue growth but cites risks from global economic volatility and increased competition
Business Overview
- Core business: All-in-one multi-channel commerce platform powering sales online, in store, AI, social media, and across 175+ countries
- New AI-enabled features: Sidekick commerce assistant and Agentic Storefronts for agent-assisted product discovery and checkout across AI platforms
- Strategic emphasis on localized pricing plans in select countries to attract more merchants and global scalability benefits in Shopify Plus plan
- Employee count ~7,600 worldwide as of Dec 31, 2025, reflecting growth and remote-first work culture with periodic in-person collaboration events
- Shopify commits to sustainability via $1B Frontier carbon removal goal by 2030 and offers merchants Shopify Planet app to address shipping emissions
AI summary of the SHOP 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- Share-repurchase authorization increased to $5 billion, with $3.1 billion remaining as of June 30, 2026
- $1.4 billion in Class A shares repurchased during the quarter, reducing capital available for alternative investments
- CFO trading plan permits potential sale of up to 20,000 Class A shares through June 15, 2027
- COO relocation agreement introduces reimbursement and tax-equalization obligations capped by specified maximums
AI summary of the SHOP 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Shopify announced financial results for the quarter ended June 30, 2026
- Results are furnished in Exhibit 99.1, the accompanying earnings press release
Item EX-99.1: Item EX-99.1
- Q2 2026 revenue $3.583B, up 34%; GMV $115.567B, up 32%, confirming broad-based commerce momentum
- Gross profit $1.708B, up 31%; operating income $488M, up 68%, signaling substantial operating leverage
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Prashanth Mahendra-Rajah resigned from Shopify’s Board effective July 2, 2026
- Departure follows his acceptance of a full-time U.S. Department of Commerce position
Item 5.07: Submission of Matters to a Vote of Security Holders
- All 10 director nominees reelected, with support ranging from 90.45% to 99.77%
- Joseph Natale received the lowest director support at 90.45%, signaling comparatively higher shareholder dissent
Item 8.01: Other Events
- Shopify announced voting results from its June 16, 2026 annual general meeting
- Results cover shareholder decisions on director elections and other submitted proposals
Item EX-99.1: Item EX-99.1
- All 10 director nominees elected, preserving board continuity and existing governance strategy
- Tobias Lütke expected to remain Board Chair; Joseph Natale expected to remain Lead Independent Director
AI summaries of SHOP 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SHOP
Don't miss the next SHOP filing
- Alerts as it files. A push when SHOP files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut SHOP, by share count.
- Ask anything. An AI agent that reads every SHOP filing and answers with sources.
SHOP alerts on your phone. Follow it in the SignalX Android app.
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $8.9B | $11.6B |
| Gross Profit | - | $4.5B | $5.6B |
| Operating Income | - | $1.1B | $1.5B |
| Net Income | - | $2.0B | $1.2B |
| Gross Margin | - | 50.4% | 48.1% |
| Op. Margin | - | 12.1% | 12.7% |
| Net Margin | - | 22.7% | 10.7% |
| Balance Sheet | |||
| Total Assets | $11.3B | $13.9B | $15.2B |
| Equity | - | $11.6B | $13.5B |
| ROE | - | 17.5% | 9.1% |
| Per Share | |||
| EPS | - | $1.55 | $0.94 |
| Cash Flow | |||
| Operating CF | - | $1.6B | $2.0B |
| CapEx | $39.0M | $19.0M | $26.0M |
Source: XBRL data in Shopify (SHOP)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SHOP share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 44 | $27.64B |
| Q1 2026 | 44 | $28.80B |
| Q4 2025 | 45 | $46.52B |
| Q3 2025 | 43 | $45.14B |
| Q2 2025 | 40 | $30.50B |
| Q1 2025 | 37 | $20.72B |
| Q4 2024 | 33 | $14.44B |
| Q3 2024 | 30 | $3.25B |
- Citadel Advisors LLC+1.64M (+391%)
- FMR LLC (Fidelity)+1.34M (+3%)
- Goldman Sachs Group+1.01M (+11%)
- D.E. Shaw & Co+939.8K (+65%)
- Morgan Stanley+812.4K (+3%)
- BlackRock−3.06M (-34%)
- JPMorgan Chase & Co−2.24M (-13%)
- Franklin Resources−1.38M (-17%)
- Ameriprise Financial−1.31M (-54%)
- Northern Trust−553.1K (-30%)
- Blackstone Group−43.5K
- HANCOCK WHITNEY CORP−1.8K
Source: 13F-HR filings on SEC EDGAR (aggregated from 316 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SHOP filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Jul 30, 2026 | - | - | |
| 8-K | Jul 2, 2026 | - | Analysis | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 8-K | Jun 2, 2026 | - | Analysis | |
| 8-K | May 8, 2026 | - | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 10-K | Feb 11, 2026 | Dec 31, 2025 | Analysis | |
| 8-K | Feb 11, 2026 | - | - | |
| 8-K | Dec 2, 2025 | - | - | |
| 10-Q | Nov 4, 2025 | Sep 30, 2025 | Analysis | |
| 10-Q | Aug 6, 2025 | Jun 30, 2025 | - | |
| 10-Q | May 8, 2025 | Mar 31, 2025 | Analysis | |
| 10-K | Feb 11, 2025 | Dec 31, 2024 | - | |
| SC 13G | Feb 4, 2025 | - | - | |
| SC 13D | Dec 11, 2023 | - | - | |
| SC 13G | Feb 13, 2023 | - | - | |
| SC 13G | Feb 10, 2023 | - | - | |
| SC 13G | Feb 10, 2022 | - | - | |
| SC 13G | Jan 7, 2022 | - | - | |
| SC 13G | Feb 16, 2021 | - | - | |
| SC 13G | Feb 10, 2020 | - | - | |
| SC 13G | Feb 14, 2019 | - | - |
Related Information Technology companies
- DDD · 3D SYSTEMS CORPServices-Prepackaged Software
- ACIW · ACI WORLDWIDE, INC.Services-Prepackaged Software
- ADBE · Adobe Inc.Services-Prepackaged Software
- AISP · Airship AI Holdings, Inc.Services-Prepackaged Software
- ALRM · Alarm.com Holdings, Inc.Services-Prepackaged Software
- ALKT · ALKAMI TECHNOLOGY, INC.Services-Prepackaged Software
- AMPL · Amplitude, Inc.Services-Prepackaged Software
- APPN · APPIAN CORPServices-Prepackaged Software
SHOP SEC filings: frequently asked questions
Which institutions hold SHOP stock?
As of June 30, 2026, the largest Shopify (SHOP) holders among the 13F filers tracked by SignalX were FMR LLC (Fidelity) ($5.4 billion), Invesco Ltd ($4.2 billion), Vanguard Capital Management LLC ($3.9 billion), Morgan Stanley ($2.9 billion), T. Rowe Price Group ($2.8 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SHOP's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Shopify (SHOP) reported revenue of $11.6 billion (up 30.1% from FY2024) and net income of $1.2 billion. Diluted EPS was $0.94. The figures come from the XBRL data in the 10-K.
What are the main risks in SHOP's latest 10-K?
In the 10-K filed February 11, 2026, Shopify (SHOP) flagged: Regulatory risk from PCI DSS compliance impacting Shopify Payments processing environment. Geopolitical risk from Brexit affecting revenue from GBP transactions and currency hedging effectiveness. (AI summary of the Risk Factors section.)
What did SHOP report in its latest 8-K?
Shopify (SHOP) filed an 8-K on August 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Shopify announced financial results for the quarter ended June 30, 2026.
What are the latest SHOP SEC filings?
Shopify (SHOP) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on August 5, 2026 and an 8-K current report on August 5, 2026.
What is SHOP's SEC CIK number?
Shopify (SHOP)'s SEC Central Index Key (CIK) is 1594805. EDGAR lists every SHOP filing under that number.
Ask anything about SHOP
The research agent reads SHOP's filings, financials, insider trades and 13F holders, then answers with sources.