SHOP Shopify
FY2025 10-K
Shopify (SHOP) filed its fiscal year 2025 10-K annual report with the SEC on Feb 11, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
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
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
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
Financial SummaryXBRL
Revenue
$11.6B
Net Income
$1.2B
Gross Margin
48.1%
Operating Margin
12.7%
Net Margin
10.7%
ROE
9.1%
Total Assets
$15.2B
EPS (Diluted)
$0.94
Operating Cash Flow
$2.0B
Source: XBRL data from Shopify FY2025 10-K filing on SEC EDGAR. All figures in USD.
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