Shopify Inc. (TSX: SHOP)

Shopify Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	7,060	5,600	4,612	2,929	1,578
Revenue Growth (YoY)	26.07%	21.42%	57.43%	85.63%	47.05%
Cost of Revenue	3,545	2,846	2,131	1,388	712.53
Gross Profit	3,515	2,754	2,481	1,542	865.64
Selling, General & Admin	1,711	1,938	1,276	847.39	651.78
Research & Development	1,730	1,503	854.38	552.13	355.02
Other Operating Expenses	0	134.93	81.72	51.85	45.33
Operating Expenses	3,593	3,576	2,213	1,451	1,007
Operating Income	-1,418	-822.3	268.64	90.15	-141.15
Interest Income	241	79.14	15.36	23.43	48.18
Interest Expense	0	1.15	1.15	8.58	0
Other Expense / Income	-1,362	2,879	-2,857.74	-135.35	2.85
Pretax Income	185	-3,622.85	3,141	240.36	-95.82
Income Tax	53	-162.43	225.93	-79.15	29.03
Net Income	132	-3,460.42	2,915	319.51	-124.84
Net Income Growth	-	-	812.23%	-	-
Shares Outstanding (Basic)	1,282	1,266	1,247	1,196	1,130
Shares Outstanding (Diluted)	1,296	1,274	1,274	1,235	1,130
Shares Change	1.72%	-	3.16%	9.23%	6.96%
EPS (Basic)	0.10	-2.73	2.34	0.27	-0.11
EPS (Diluted)	0.10	-2.72	2.29	0.26	-0.11
EPS Growth	-	-	780.77%	-	-
Free Cash Flow	905	-186.47	453.64	382.96	8.22
Free Cash Flow Per Share	0.70	-0.15	0.36	0.31	0.01
Gross Margin	49.79%	49.18%	53.80%	52.62%	54.85%
Operating Margin	-20.08%	-14.68%	5.83%	3.08%	-8.94%
Profit Margin	1.87%	-61.79%	63.20%	10.91%	-7.91%
Free Cash Flow Margin	12.82%	-3.33%	9.84%	13.07%	0.52%
Effective Tax Rate	28.65%	-	7.19%	-32.93%	-
EBITDA	-88	-731.78	334.95	160.21	-105.5
EBITDA Margin	-1.25%	-13.07%	7.26%	5.47%	-6.68%
Depreciation & Amortization	70	90.52	66.31	70.06	35.65
EBIT	-158	-822.3	268.64	90.15	-141.15
EBIT Margin	-2.24%	-14.68%	5.83%	3.08%	-8.94%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.