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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
128.53
-0.83 (-0.64%)
Mar 11, 2026, 3:03 PM EDT - Market open

Shopify Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
11,5568,8807,0605,6004,612
Revenue Growth (YoY)
30.14%25.78%26.07%21.43%57.43%
Cost of Revenue
6,0014,4083,5452,8462,131
Gross Profit
5,5554,4723,5152,7542,481
Selling, General & Admin
2,1341,8031,7111,9381,276
Research & Development
1,5361,3671,7301,503854.38
Other Operating Expenses
4172271,49213581.72
Total Operating Expenses
4,0873,3974,9333,5762,213
Operating Income
1,4681,075-1,418-822268.64
Interest Income
3313082417515.36
Interest Expense
-----3.49
Other Non-Operating Income (Expense)
-448451,362-2,8762,860
Total Non-Operating Income (Expense)
411,1531,603-2,8012,872
Pretax Income
1,5092,228185-3,6233,141
Provision for Income Taxes
27820953-163225.93
Net Income
1,2312,019132-3,4602,915
Net Income to Common
1,2312,019132-3,4602,915
Net Income Growth
-39.03%1429.55%--812.23%
Shares Outstanding (Basic)
1,2991,2901,2821,2661,247
Shares Outstanding (Diluted)
1,3051,3021,2961,2661,274
Shares Change (YoY)
0.27%0.46%2.31%-0.58%3.16%
EPS (Basic)
0.951.570.10-2.732.34
EPS (Diluted)
0.941.550.10-2.732.29
EPS Growth
-39.36%1450.00%--784.17%
Free Cash Flow
2,0071,597905-186484.92
Free Cash Flow Growth
25.67%76.46%--26.54%
Free Cash Flow Per Share
1.541.230.70-0.150.38
Gross Margin
48.07%50.36%49.79%49.18%53.80%
Operating Margin
12.70%12.11%-20.08%-14.68%5.83%
Profit Margin
10.65%22.74%1.87%-61.79%63.20%
FCF Margin
17.37%17.98%12.82%-3.32%10.51%
EBITDA
1,4991,111-1,348-729334.95
EBITDA Margin
12.97%12.51%-19.09%-13.02%7.26%
EBIT
1,4681,075-1,418-822268.64
EBIT Margin
12.70%12.11%-20.08%-14.68%5.83%
Effective Tax Rate
18.42%9.38%28.65%4.50%7.19%
Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q