Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
130.60
-3.29 (-2.46%)
Sep 15, 2026, 1:51 PM EDT - Market open
Shopify Financials Overview
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 | Jun '26 Jun 30, 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 |
Revenue Revenue Growth | 13,269 | 11,556 | 8,880 | 7,060 | 5,600 | 4,612 |
Revenue Growth | 32.50% | 30.14% | 25.78% | 26.07% | 21.43% | 57.43% |
Gross Profit Gross Profit Growth | 6,338 | 5,555 | 4,472 | 3,515 | 2,754 | 2,481 |
Operating Income Operating Income Growth | 2,366 | 1,898 | 1,247 | 260 | -476 | 380.51 |
Net Income Net Income Growth | 1,928 | 1,231 | 2,019 | 132 | -3,460 | 2,915 |
Earnings Per Share EPS Growth | 1.48 | 0.94 | 1.55 | 0.10 | -2.73 | 2.29 |
EPS Growth | -17.05% | -39.36% | 1450.00% | - | - | 784.34% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Subscription Solutions Subscription Solutions Growth | 3,028 | 2,752 | 2,350 | 1,837 | 1,488 | 1,342 |
Merchant Solutions Merchant Solutions Growth | 10,241 | 8,804 | 6,530 | 5,223 | 4,112 | 3,270 |
Revenue (Total) Revenue (Total) Growth | 13,269 | 11,556 | 8,880 | 7,060 | 5,600 | 4,612 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Cash & Investments Cash & Investments Growth | 5,472 | 6,822 | 6,223 | 5,154 | 5,087 | 7,790 |
Total Debt Total Debt Growth | 178 | 188 | 1,126 | 1,150 | 1,396 | 1,173 |
Net Cash (Debt) Net Cash Growth | 5,294 | 6,634 | 5,097 | 4,004 | 3,691 | 6,616 |
Net Cash Growth | -3.96% | 30.15% | 27.30% | 8.48% | -44.21% | 20.64% |
Net Cash Per Share Net Cash Per Share Growth | 4.07 | 5.08 | 3.92 | 3.09 | 2.91 | 5.19 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Operating Cash Flow Operating Cash Flow Growth | 2,377 | 2,033 | 1,616 | 944 | -136 | 535.71 |
Capital Expenditures CapEx Growth | -25 | -26 | -19 | -39 | -50 | -50.79 |
Free Cash Flow Free Cash Flow Growth | 2,352 | 2,007 | 1,597 | 905 | -186 | 484.92 |
Free Cash Flow Growth | 29.44% | 25.67% | 76.46% | - | - | 26.54% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
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% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 15, 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 |
PE Ratio | 90.37 | 170.23 | 68.05 | 758.99 | - | 59.36 |
Forward PE | 64.10 | 95.92 | 75.09 | 75.87 | 167.13 | 224.55 |
P/FCF Ratio | 72.41 | 104.41 | 86.03 | 110.70 | - | 356.76 |
PS Ratio | 12.84 | 18.13 | 15.47 | 14.19 | 7.89 | 37.51 |