Shopify reports, beats on revs; authorizes new share buyback program up to $2 bln (127.24 +8.84)
- Reports Q4 (Dec) revenues rose 30.6% year/year to $3.67 bln vs the $3.59 bln FactSet Consensus.
- For the first quarter of 2026, we expect:
- Revenue to grow at a low-thirties percentage rate on a year-over-year basis, similar to Q4 2025;
- Gross profit dollars to grow at a high-twenties percentage rate on a year-over-year basis;
- Operating expenses as a percentage of revenue to be 37% to 38%;
- Stock-based compensation to be $140 million; and
- Free cash flow margin to be in the low-to-mid teens, slightly below Q1 of 2025.
- Shopify's Board of Directors has authorized a share repurchase program of up to $2 billion