Update: Shopify Shares Drop After Q4 Net Income Declines Year Over Year

MT Newswires Live
Feb 11

(Updates with recent stock movement in headline and first paragraph, share repurchase program announcement in sixth and seventh paragraphs.)

Shopify (SHOP) shares were down 9% in recent trading on Wednesday after the company reported Q4 net income that declined compared with the same period in 2024.

The company reported Q4 net income Wednesday of $0.57 per diluted share, down from $0.99 a year earlier.

Analysts polled by FactSet expected $0.44.

Revenue for the quarter ended Dec. 31 was $3.67 billion, up from $2.81 billion a year earlier.

Analysts surveyed by FactSet expected $3.66 billion.

The company also said its board authorized a share repurchase program of up to $2 billion, provided the number repurchased does not surpass 5% of its issued and outstanding shares.

The program is effective on Feb. 17 and does not have a fixed expiration, Shopify said.

Price: 117.22, Change: -10.03, Percent Change: -7.88

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