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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
149.80
+0.55 (0.37%)
At close: Aug 24, 2026, 4:00 PM EDT
149.64
-0.16 (-0.11%)
After-hours: Aug 24, 2026, 7:59 PM EDT

Shopify Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
13,26912,36611,55610,69610,0149,3798,8808,2127,7647,4137,0606,6516,3035,9045,6005,2455,0034,8274,6124,210
Revenue Growth
32.50%31.85%30.14%30.25%28.98%26.52%25.78%23.47%23.18%25.56%26.07%26.81%25.99%22.31%21.43%24.60%29.83%40.00%57.43%71.34%
Gross Profit
6,3385,9325,5555,2144,9414,6844,4724,1823,9653,7553,5153,2513,0122,8332,7542,6482,5962,5602,4812,293
Operating Income
2,3662,1181,8981,6941,5411,3881,247862893548260161-518-549-476-490.78-132.43173380.51463.48
Net Income
1,9281,3321,2311,7812,3451,6102,0191,3831,273-209132-1,148-2,025-1,918-3,460-3,208-1,901182.212,9153,410
Earnings Per Share
1.481.020.941.361.791.231.551.060.98-0.160.10-0.90-1.59-1.51-2.73-2.54-1.510.142.292.70
EPS Growth
-17.05%-17.36%-39.36%28.16%82.83%-1450.00%-----------88.70%784.34%1560.12%

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Subscription Solutions
3,0282,8822,7522,6412,5522,4592,3502,2092,0851,9661,8371,7121,6031,5251,4881,4391,3991,3661,3421,271
Merchant Solutions
10,2419,4848,8048,0557,4626,9206,5306,0035,6795,4475,2234,9394,7004,3794,1123,8053,6043,4603,2702,939
Revenue (Total)
13,26912,36611,55610,69610,0149,3798,8808,2127,7647,4137,0606,6516,3035,9045,6005,2455,0034,8274,6124,210

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
5,4726,4516,8227,0256,6516,4086,2234,8955,0215,1775,1544,9184,7804,8635,0874,9416,9557,2477,7907,519
Total Debt
1781791881,1151,1391,1381,1261,1411,1371,1451,1501,1221,1341,3991,3961,2991,1921,1951,1731,100
Net Cash (Debt)
5,2946,2726,6345,9105,5125,2705,0973,7543,8844,0324,0043,7963,6463,4643,6913,6435,7636,0516,6166,419
Net Cash Growth
-3.96%19.01%30.15%57.43%41.92%30.70%27.30%-1.11%6.53%16.40%8.48%4.21%-36.73%-42.76%-44.21%-43.25%-13.72%-10.93%20.64%23.00%
Net Cash Per Share
4.074.805.084.524.204.043.922.862.993.143.092.972.862.732.912.894.584.765.195.08

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
2,3772,1472,0331,9231,8331,7451,6161,4491,3041,082944594182-11-13657.74233.61375.03535.71489.34
Capital Expenditures
-25-27-26-20-16-17-19-17-17-31-39-45-57-48-50-67.98-65.34-61.6-50.79-31.17
Free Cash Flow
2,3522,1202,0071,9031,8171,7281,5971,4321,2871,051905549125-59-186-10.23168.27313.43484.92458.17
Free Cash Flow Growth
29.44%22.68%25.67%32.89%41.18%64.42%76.46%160.84%929.60%----25.71%----66.81%-49.07%26.54%149.41%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
47.77%47.97%48.07%48.75%49.34%49.94%50.36%50.92%51.07%50.65%49.79%48.88%47.79%47.98%49.18%50.48%51.88%53.04%53.80%54.47%
Operating Margin
17.83%17.13%16.42%15.84%15.39%14.80%14.04%10.50%11.50%7.39%3.68%2.42%-8.22%-9.30%-8.50%-9.36%-2.65%3.58%8.25%11.01%
Pretax Margin
17.64%13.30%13.06%19.05%25.86%18.27%25.09%18.13%17.48%-1.98%2.62%-16.70%-31.68%-32.08%-64.70%-66.69%-39.96%2.45%68.10%88.82%
Profit Margin
14.53%10.77%10.65%16.65%23.42%17.17%22.74%16.84%16.40%-2.82%1.87%-17.26%-32.13%-32.49%-61.79%-61.17%-38.00%3.77%63.20%81.00%
FCF Margin
17.73%17.14%17.37%17.79%18.14%18.42%17.98%17.44%16.58%14.18%12.82%8.25%1.98%-1.00%-3.32%-0.19%3.36%6.49%10.51%10.88%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
77.05116.14170.23108.4563.8276.7968.0574.7966.89-758.99------467.2459.3649.76
Forward PE
60.3664.8595.9295.1078.9664.1475.0967.5264.2275.3475.8778.20143.08167.13167.13167.13167.13205.80224.55273.01
P/FCF Ratio
63.1672.97104.41101.4982.3671.5586.0372.2366.1694.55110.70127.61659.83---234.19271.64356.76370.30
PS Ratio
11.2012.5118.1318.0614.9413.1815.4712.6010.9713.4114.1910.5313.0911.517.896.537.8817.6437.5140.30