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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
147.09
+0.31 (0.21%)
At close: Nov 13, 2026, 4:00 PM EST
145.62
-1.47 (-1.00%)
After-hours: Nov 13, 2026, 7:58 PM EST

Shopify Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
14,16711,5568,8807,0605,6004,612
Revenue Growth
32.45%30.14%25.78%26.07%21.43%57.43%
Gross Profit
6,7285,5554,4723,5152,7542,481
Operating Income
2,5601,8981,247260-476380.51
Net Income
2,1261,2312,019132-3,4602,915
Earnings Per Share
1.630.941.550.10-2.732.29
EPS Growth
20.52%-39.36%1450.00%--784.34%

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Subscription Solutions
3,1652,7522,3501,8371,4881,342
Merchant Solutions
11,0028,8046,5305,2234,1123,270
Revenue (Total)
14,16711,5568,8807,0605,6004,612

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5,2516,8226,2235,1545,0877,790
Total Debt
1881881,1261,1501,3961,173
Net Cash (Debt)
5,0636,6345,0974,0043,6916,616
Net Cash Growth
-14.33%30.15%27.30%8.48%-44.21%20.64%
Net Cash Per Share
3.905.083.923.092.915.19

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,6822,0331,616944-136535.71
Capital Expenditures
-21-26-19-39-50-50.79
Free Cash Flow
2,6612,0071,597905-186484.92
Free Cash Flow Growth
39.83%25.67%76.46%--26.54%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
47.49%48.07%50.36%49.79%49.18%53.80%
Operating Margin
18.07%16.42%14.04%3.68%-8.50%8.25%
Pretax Margin
17.87%13.06%25.09%2.62%-64.70%68.10%
Profit Margin
15.01%10.65%22.74%1.87%-61.79%63.20%
FCF Margin
18.78%17.37%17.98%12.82%-3.32%10.51%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
90.05170.2368.05758.99-59.36
Forward PE
66.1995.9275.0975.87167.13224.55
P/FCF Ratio
71.11104.4186.03110.70-356.76
PS Ratio
13.3618.1315.4714.197.8937.51