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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
128.79
+2.19 (1.73%)
At close: Sep 11, 2026, 4:00 PM EDT
128.88
+0.09 (0.07%)
After-hours: Sep 11, 2026, 7:59 PM EDT

Shopify Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
13,26911,5568,8807,0605,6004,612
Revenue Growth
32.50%30.14%25.78%26.07%21.43%57.43%
Gross Profit
6,3385,5554,4723,5152,7542,481
Operating Income
2,3661,8981,247260-476380.51
Net Income
1,9281,2312,019132-3,4602,915
Earnings Per Share
1.480.941.550.10-2.732.29
EPS Growth
-17.05%-39.36%1450.00%--784.34%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Subscription Solutions
3,0282,7522,3501,8371,4881,342
Merchant Solutions
10,2418,8046,5305,2234,1123,270
Revenue (Total)
13,26911,5568,8807,0605,6004,612

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5,4726,8226,2235,1545,0877,790
Total Debt
1781881,1261,1501,3961,173
Net Cash (Debt)
5,2946,6345,0974,0043,6916,616
Net Cash Growth
-3.96%30.15%27.30%8.48%-44.21%20.64%
Net Cash Per Share
4.075.083.923.092.915.19

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,3772,0331,616944-136535.71
Capital Expenditures
-25-26-19-39-50-50.79
Free Cash Flow
2,3522,0071,597905-186484.92
Free Cash Flow Growth
29.44%25.67%76.46%--26.54%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
47.77%48.07%50.36%49.79%49.18%53.80%
Operating Margin
17.83%16.42%14.04%3.68%-8.50%8.25%
Pretax Margin
17.64%13.06%25.09%2.62%-64.70%68.10%
Profit Margin
14.53%10.65%22.74%1.87%-61.79%63.20%
FCF Margin
17.73%17.37%17.98%12.82%-3.32%10.51%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
86.93170.2368.05758.99-59.36
Forward PE
60.9895.9275.0975.87167.13224.55
P/FCF Ratio
70.45104.4186.03110.70-356.76
PS Ratio
12.4918.1315.4714.197.8937.51