Shopify Inc. · Q3 2025
ReportedNov 4, 2025
Period endedSep 30, 2025
Rule of 40+49
The quarter in short
Revenue $2.84B, up 31.5% year over year and 6.1% on the quarter. EPS $0.58, down 9.4% year over year and up 38.1% on the quarter. Free cash flow $507M, up 20.4% year over year and 20.1% on the quarter. Rule of 40 score +49.
Reported this quarter
Revenue
$2.84B
QoQ +6.1%
YoY +31.5%
EPS
$0.58
QoQ +38.1%
YoY −9.4%
Free Cash Flow
$507M
QoQ +20.1%
YoY +20.4%
Gross Margin
48.9%
QoQ +0.3 pp
YoY −2.8 pp
FCF Margin
17.8%
QoQ +2.1 pp
YoY −1.6 pp
P/E Ratio
110.1
QoQ +71.0%
YoY +97.8%
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Sources & downloads
Company
Published by the company on the day of the release.
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Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1594805.
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8-K results announcement
Filed Nov 4, 2025
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 8-K
173 KB
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Filing index
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Complete submission
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10-Q quarterly report
Period ended Sep 30, 2025, filed Nov 4, 2025
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XBRL data bundle
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Company facts (XBRL)
Every figure SHOP has reported to the SEC
R40 data
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This quarter (CSV)
Reported metrics for Q3 2025, spreadsheet-ready
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This quarter (JSON)
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