---
title: "Shopify  | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 2.844 B"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/264213719.md"
published_at: "2025-11-04T12:05:22.000Z"
---

# Shopify  | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 2.844 B

Revenue: As of FY2025 Q3, the actual value is USD 2.844 B, beating the estimate of USD 2.76 B.

### Segment Revenue

-   **Subscription Solutions Revenue**: $699 million for the three months ended September 30, 2025, compared to $610 million for the same period in 2024, representing a 15% increase.
-   **Merchant Solutions Revenue**: $2,145 million for the three months ended September 30, 2025, compared to $1,552 million for the same period in 2024, representing a 38% increase.

### Operational Metrics

-   **Gross Profit**: $1,391 million for the three months ended September 30, 2025, compared to $1,118 million for the same period in 2024, representing a 24% increase.
-   **Operating Income**: $343 million for the three months ended September 30, 2025, compared to $283 million for the same period in 2024, representing a 21% increase.
-   **Net Income**: $264 million for the three months ended September 30, 2025, compared to $828 million for the same period in 2024.

### Cash Flow

-   **Net Cash Provided by Operating Activities**: $513 million for the three months ended September 30, 2025, compared to $423 million for the same period in 2024.
-   **Free Cash Flow**: $507 million for the three months ended September 30, 2025, compared to $421 million for the same period in 2024.

### Unique Metrics

-   **Gross Merchandise Volume (GMV)**: $92,013 million for the three months ended September 30, 2025, compared to $69,715 million for the same period in 2024, representing a 32% increase.
-   **Monthly Recurring Revenue (MRR)**: $193 million for the three months ended September 30, 2025, compared to $175 million for the same period in 2024.

### Outlook / Guidance

-   For the fourth quarter of 2025, Shopify expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis, gross profit dollars to grow at a low-to-mid-twenties percentage rate, and operating expenses as a percentage of revenue to be 30% to 31%. Free cash flow margin is expected to be slightly above Q3 2025.

### Related Stocks

- [SHOP.US - Shopify ](https://longbridge.com/en/quote/SHOP.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Insights Ahead: Shopify's Quarterly Earnings | Shopify (NASDAQ:SHOP) is set to release its quarterly earnings report on February 11, 2026, with analysts expecting an E | [Link](https://longbridge.com/en/news/275472633.md) |
| Shopify Brief: Truist Says "Oppty Emerges W/Market Dislocation; Fundamental Growth Drivers Well Intact"; Upgrades SHOP to Buy and US$150 PT | Shopify Brief: Truist Says "Oppty Emerges W/Market Dislocation; Fundamental Growth Drivers Well Intact"; Upgrades SHOP t | [Link](https://longbridge.com/en/news/276130456.md) |
| Short Interest in Shopify Inc. (NASDAQ:SHOP) Drops By 27.0% | Shopify Inc. (NASDAQ:SHOP) experienced a significant 27.0% drop in short interest in January, with totals falling from 1 | [Link](https://longbridge.com/en/news/275977690.md) |
| Spotlight on Shopify: Analyzing the Surge in Options Activity | Shopify (NASDAQ:SHOP) has seen significant options activity, with 82 unusual trades reported. 40% of traders were bullis | [Link](https://longbridge.com/en/news/275793924.md) |
| A Closer Look at Shopify's Options Market Dynamics | Investors are taking a bearish stance on Shopify (NASDAQ:SHOP), with 69% of recent options trades being bearish. Benzing | [Link](https://longbridge.com/en/news/275918496.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.