Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
118.71
+3.68 (3.20%)
At close: May 29, 2026, 4:00 PM EDT
118.61
-0.10 (-0.08%)
After-hours: May 29, 2026, 7:59 PM EDT
Shopify Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 12,366 | 11,556 | 8,880 | 7,060 | 5,600 | 4,612 | |
Revenue Growth (YoY) | 31.85% | 30.14% | 25.78% | 26.07% | 21.43% | 57.43% |
Cost of Revenue | 6,434 | 6,001 | 4,408 | 3,545 | 2,846 | 2,131 |
Gross Profit | 5,932 | 5,555 | 4,472 | 3,515 | 2,754 | 2,481 |
Selling, General & Admin | 2,206 | 2,107 | 1,851 | 1,622 | 1,731 | 1,217 |
Research & Development | 1,576 | 1,515 | 1,351 | 1,612 | 1,485 | 818.79 |
Other Operating Expenses | 32 | 35 | 23 | 21 | 14 | 65.32 |
Operating Expenses | 3,814 | 3,657 | 3,225 | 3,255 | 3,230 | 2,101 |
Operating Income | 2,118 | 1,898 | 1,247 | 260 | -476 | 380.51 |
Interest Expense | - | - | - | - | - | -3.49 |
Interest & Investment Income | 341 | 331 | 308 | 241 | 75 | 15.36 |
Earnings From Equity Investments | -38 | -40 | -138 | -58 | - | - |
Currency Exchange Gain (Loss) | 11 | 26 | -8 | 1 | -2 | 0.29 |
Other Non Operating Income (Expenses) | -581 | -540 | -227 | -152 | -135 | -81.72 |
EBT Excluding Unusual Items | 1,851 | 1,675 | 1,182 | 292 | -538 | 310.94 |
Merger & Restructuring Charges | - | - | - | -148 | -30 | - |
Gain (Loss) on Sale of Investments | -193 | -153 | 991 | 1,419 | -2,874 | 2,860 |
Gain (Loss) on Sale of Assets | - | - | - | -1,340 | - | - |
Asset Writedown | -13 | -13 | - | -38 | -84 | -30.15 |
Legal Settlements | - | - | 55 | - | -97 | - |
Pretax Income | 1,645 | 1,509 | 2,228 | 185 | -3,623 | 3,141 |
Income Tax Expense | 313 | 278 | 209 | 53 | -163 | 225.93 |
Net Income | 1,332 | 1,231 | 2,019 | 132 | -3,460 | 2,915 |
Net Income to Common | 1,332 | 1,231 | 2,019 | 132 | -3,460 | 2,915 |
Net Income Growth | -17.27% | -39.03% | 1429.55% | - | - | 812.23% |
Shares Outstanding (Basic) | 1,301 | 1,299 | 1,290 | 1,282 | 1,266 | 1,247 |
Shares Outstanding (Diluted) | 1,307 | 1,305 | 1,302 | 1,296 | 1,266 | 1,274 |
Shares Change (YoY) | 0.26% | 0.27% | 0.46% | 2.31% | -0.58% | 3.16% |
EPS (Basic) | 1.02 | 0.95 | 1.57 | 0.10 | -2.73 | 2.34 |
EPS (Diluted) | 1.02 | 0.94 | 1.55 | 0.10 | -2.73 | 2.29 |
EPS Growth | -17.36% | -39.36% | 1450.00% | - | - | 784.34% |
Free Cash Flow | 2,120 | 2,007 | 1,597 | 905 | -186 | 484.92 |
Free Cash Flow Per Share | 1.62 | 1.54 | 1.23 | 0.70 | -0.15 | 0.38 |
Gross Margin | 47.97% | 48.07% | 50.36% | 49.79% | 49.18% | 53.80% |
Operating Margin | 17.13% | 16.42% | 14.04% | 3.68% | -8.50% | 8.25% |
Profit Margin | 10.77% | 10.65% | 22.74% | 1.87% | -61.79% | 63.20% |
Free Cash Flow Margin | 17.14% | 17.37% | 17.98% | 12.82% | -3.32% | 10.51% |
EBITDA | 2,148 | 1,929 | 1,283 | 330 | -383 | 446.81 |
EBITDA Margin | 17.37% | 16.69% | 14.45% | 4.67% | -6.84% | 9.69% |
D&A For EBITDA | 30 | 31 | 36 | 70 | 93 | 66.31 |
EBIT | 2,118 | 1,898 | 1,247 | 260 | -476 | 380.51 |
EBIT Margin | 17.13% | 16.42% | 14.04% | 3.68% | -8.50% | 8.25% |
Effective Tax Rate | 19.03% | 18.42% | 9.38% | 28.65% | - | 7.19% |
Revenue as Reported | 12,366 | 11,556 | 8,880 | 7,060 | 5,600 | 4,612 |
Advertising Expenses | - | 753 | 546 | 497 | 505 | 420.09 |