Shopify Inc. (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%	21.43%	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	626.61
Research & Development	1,730	1,503	854.38	552.13	355.02
Other Operating Expenses	1,492	135	81.72	51.85	25.17
Operating Expenses	4,933	3,576	2,213	1,451	1,007
Operating Income	-1,418	-822	268.64	90.15	-141.15
Interest Expense / Income	0	0	3.49	9.09	0
Other Expense / Income	-1,603	2,801	-2,875.44	-159.3	-45.33
Pretax Income	185	-3,623	3,141	240.36	-95.82
Income Tax	53	-163	225.93	-79.15	29.03
Net Income	132	-3,460	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	1,266	1,274	1,235	1,130
Shares Change	2.31%	-0.58%	3.16%	9.23%	6.96%
EPS (Basic)	0.10	-2.73	2.34	0.27	-0.11
EPS (Diluted)	0.10	-2.73	2.29	0.26	-0.11
EPS Growth	-	-	784.17%	-	-
Free Cash Flow	905	-186	484.92	382.96	8.22
Free Cash Flow Per Share	0.71	-0.15	0.39	0.32	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%	-3.32%	10.51%	13.07%	0.52%
Effective Tax Rate	28.65%	-	7.19%	-32.93%	-
EBITDA	255	-3,530	3,210	319.51	-60.16
EBITDA Margin	3.61%	-63.04%	69.61%	10.91%	-3.81%
Depreciation & Amortization	70	93	66.31	70.06	35.65
EBIT	185	-3,623	3,144	249.45	-95.82
EBIT Margin	2.62%	-64.70%	68.17%	8.52%	-6.07%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).