New York, January 29, 2026, 20:49 EST — Market closed.
- Shopify shares climbed 3.4% to $143.64, bouncing between $137.43 and $144.14 throughout the session.
- The company announced it will release its fourth-quarter and full-year 2025 results before the market opens on Feb. 11.
- Shopify introduced new Partner Program and API terms starting Feb. 27, imposing stricter controls on how merchant and customer data can be used.
Shares of Shopify Inc gained 3.4% on Thursday, finishing at $143.64 following a volatile session where prices dipped to $137.43 before climbing to a high of $144.14. 1
This shift brings Shopify back into focus for traders as February earnings approach, a period when high-beta software stocks often see rapid changes in positioning.
This comes as Shopify tweaks the guidelines for developers and partners working within its platform — a clear sign that the company’s growth still depends heavily on a wide ecosystem, not solely on its internal product plans.
Shopify announced it will release its fourth-quarter and full-year 2025 earnings before the market opens on Feb. 11, with a conference call scheduled for 8:30 a.m. ET. 2
Investors will next zero in on those results to gauge two key factors: the resilience of merchant demand post-holiday quarter and the extent of operating leverage Shopify can maintain amid its investments in new ventures.
Late Thursday, Shopify outlined updates to its Partner Program Agreement and API terms set to take effect Feb. 27. The changes include a stricter ban on using merchant and customer data for training or developing AI systems without clear consent. 3
The update introduces new partner categories, expands Shopify’s definition of its checkout experience, and outlines rules on billing transparency along with how payment apps must phase out if removed, the company said.
Shopify’s shares on the TSX climbed 2.6% in Toronto, reaching C$193.53.
Still, there’s a downside. Moves that tighten controls on developers often spark friction. App makers might need a stretch to adjust their products and data practices, even if Shopify pitches the changes as safeguards for merchants and shoppers.
The next major event is Feb. 11, when Shopify releases its report and holds a Q&A. After that, the Feb. 27 deadline for the partner and API changes marks the following key date.
