Shopify (SHOP): FY25 Q4 earnings call, Feb 11, 2026
On its Feb 11, 2026 earnings call (FY25 Q4), Shopify said 5 of the 8 words Kalshi listed; Parrot’s count agreed with all 8 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
8 words · 5 settled yes · our count agreed on 8 of 8- Kalshi: company speakers + operator
Kalshi
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Service | Yes | 10 | 11 | ✓ | 79%transcripts from the transcript model | – |
| Shop Pay | Yes | 8 | 8 | ✓ | 93%transcripts from the transcript model | – |
| Acquired / Acquisition | Yes | 6 | 6 | ✓ | 86%transcripts from the transcript model | – |
| Tariff | Yes | 1 | 1 | ✓ | 82%transcripts from the transcript model | – |
| OpenAI | Yes | 1 | 2 | ✓ | 58%transcripts from the transcript model | – |
| Klarna | No | 0 | 0 | ✓ | 63%transcripts from the transcript model | – |
| Amazon | No | 0 | 0 | ✓ | 53%transcripts from the transcript model | – |
| Black Friday | No | 0 | 0 | ✓ | 32%transcripts from the transcript model | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 15:46 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
4 matches for “Offline”; 4 quoted, at least 25 words apart.
…new signings from names like L'Oreal and Topshop in Q4 alone. Our off-line channel revenue grew 27% to $748 million with iconic brands like Tom…
…another service area that we will continue to grow in 2026 is off-line retail. This year, we'll continue to lean hard into speed and simplicity,…
…so much international opportunity still to capture. In terms of channels, Q4 offline GMV increased 29%, and B2B GMV increased 84%. These channels continue to…
…grew 15% year-over-year, with continued growth in each of standard, plus and off-line. As a reminder, our year-over-year growth rate in MRR will continue to…
Where the listed words were said
…and effective. We win more merchants to sell for. We build more services from to sell on, and we attract more buyers for them to…
…I said, we also have merchants convert that demand with trust, enter Shop Pay, which is fast, trusted and increasingly everywhere. 2025 saw Shop Pay…
…with deeper data insights and models, investing in marketing to drive merchant acquisition or expanding products internationally, all while ensuring core platform reliability that merchants…
…positioned to seize this opportunity. In 2025, our merchants faced daunting challenges, tariffs, the removal of de minimis exemptions, trade wars and the ever-changing geopolitical…
…system on the back end. Now with something like ChatGPT, for example, open AI will run the front end, which is sort of the screens…
Agents: this page as TSV at /api/v1/appearances/shopify:2026-02-11:earnings_call · words: /api/v1/brief?appearance=shopify:2026-02-11:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP