As of Q4'25, Shopify's latest revenue surprise percentage stands at 0.96%, while the year-over-year revenue growth data for this quarter is not available. In the preceding quarter, Q3'25, the revenue surprise was 3.35% and YoY revenue growth was 31.54%, indicating a recent moderation in positive surprises. From Q1'23 to Q4'25, the revenue surprise percentage has shown significant fluctuations, ranging from a high of 5.46% in Q1'23 to a notable negative surprise of -6.55% in Q1'25. Most quarters reported positive surprises, but the negative value in Q1'25 marks a key inflection point. Year-over-year revenue growth remained robust throughout the period, consistently above 20% and peaking at over 31% in several quarters, reflecting strong underlying business momentum despite occasional volatility in revenue surprises.