SHOPIFY INC. SEC 10-Q Report
Shopify Inc., a leading e-commerce platform that enables businesses of all sizes to create and manage their online stores, has released its Form 10-Q report for the third quarter of 2025. The report highlights significant growth in both financial and operational metrics, underscoring the company's robust performance and strategic initiatives aimed at long-term value creation.
Financial Highlights
Total Revenues: $2,680 million, representing a 31% increase compared to the same period in 2024, driven by growth in both subscription and merchant solutions.
Gross Profit: $1,302 million, reflecting a 25% increase from the prior year, with a gross margin of 49% of total revenues.
Income from Operations: $291 million, up from $241 million in the previous year, indicating improved operational efficiency.
Net Income: $906 million, a significant increase from $171 million in the same period last year, largely due to gains on equity investments.
Net Income Per Share (Basic): $0.70, compared to $0.13 in the previous year, reflecting strong earnings growth.
Net Income Per Share (Diluted): $0.69, compared to $0.13 in the previous year, indicating improved profitability.
Business Highlights
Revenue Segments: Subscription solutions accounted for 25% of total revenues, driven by an increase in Monthly Recurring Revenue (MRR) from higher-priced plans like Shopify Plus. Merchant solutions made up 75% of total revenues, with significant growth in Shopify Payments due to increased payment processing and currency conversion fees.
Geographical Performance: North America, particularly the United States, remains the largest market, contributing 63% of total revenue. EMEA and APAC regions showed strong growth, with EMEA accounting for 21% and APAC for 10% of total revenue, reflecting increased adoption of Shopify's platform in these regions.
Sales Units: Gross Merchandise Volume (GMV) increased by 31% year-over-year for the quarter, reaching $87.8 billion, indicating strong merchant activity and platform usage.
New Product Launches: The acquisition of Vantage Discovery Inc. aims to enhance Shopify's AI-powered search capabilities, integrating Vantage's technology to improve search functionalities across Shopify's offerings.
Future Outlook: Shopify plans to continue investing in growth opportunities, focusing on expanding its merchant base, enhancing platform features, and leveraging emerging technologies like AI to drive long-term value.
SEC Filing: SHOPIFY INC. [ SHOP ] - 10-Q - Aug. 06, 2025