AI Commerce-Focused Platform Approves $2 Billion Share Buyback and Provides High-Growth Guidance

Shopify Inc. (NYSE: SHOP) reported revenue of $11.6 billion for Q4 and the full year 2025—a 30% increase year-over-year—alongside $2.0 billion in free cash flow and double-digit free cash flow margins. The company also approved a new $2.0 billion share repurchase program, authorizing the purchase of up to 5% of its Class A common stock on Nasdaq and other U.S. exchanges beginning February 17, with no set expiration date. For Q1 2026, Shopify is guiding to low-30% revenue growth, high-20% gross profit growth, and free cash flow margins in the low-to-mid teens, underscoring its commitment to ongoing investment in AI-powered commerce and platform capabilities.

Following the earnings release and the announcement of the sizable buyback plan, Shopify’s shares jumped nearly 10% intraday on February 11, despite Q4 adjusted EPS missing analyst estimates by a small margin. Earlier in February, several brokerages raised their ratings on the strength of Shopify’s AI commerce strategy. Late last year, the company unveiled over 150 feature updates in its Winter ’26 Edition—including AI-driven store creation and conversational commerce—further advancing its AI commerce platform roadmap.

Shopify offers an integrated e-commerce infrastructure platform—covering online store setup, payments, fulfillment, and more—to millions of merchants in over 175 countries. As generative AI-powered conversational commerce and omnichannel selling accelerate, Shopify competes globally with other e-commerce solution and infrastructure providers such as Amazon.