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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 Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '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 (YoY)
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%
Cost of Revenue
6,9316,4346,0015,4825,0734,6954,4084,0303,7993,6583,5453,4003,2913,0712,8462,5972,4072,2672,1311,917
Gross Profit
6,3385,9325,5555,2144,9414,6844,4724,1823,9653,7553,5153,2513,0122,8332,7542,6482,5962,5602,4812,293
Selling, General & Admin
2,3142,2062,1072,0101,9351,8781,8511,8781,7591,6961,6221,4461,6791,7301,7311,7961,5581,3791,2171,060
Research & Development
1,6281,5761,5151,4761,4351,3921,3511,4231,2941,4901,6121,6241,8331,6371,4851,3231,125955.64818.79699.41
Other Operating Expenses
30323534302623191921212018151420.1244.4352.8465.3269.64
Operating Expenses
3,9723,8143,6573,5203,4003,2963,2253,3203,0723,2073,2553,0903,5303,3823,2303,1392,7282,3872,1011,829
Operating Income
2,3662,1181,8981,6941,5411,3881,247862893548260161-518-549-476-490.78-132.43173380.51463.48
Interest Expense
----------------0.88-1.75-2.62-3.49-10.46
Interest & Investment Income
3013413313243202943083042902682412111681227541.9226.4317.5315.3613.67
Earnings From Equity Investments
-36-38-40-90-97-117-138-164-146-102-58-10--------
Currency Exchange Gain (Loss)
-2011264242-8191-51645-2-9.43-5.36-2.460.29-2.41
Other Non Operating Income (Expenses)
-642-581-540-408-289-251-227-196-172-161-152-141-146-157-135-128.81-115.13-91.11-81.72-66.55
EBT Excluding Unusual Items
1,9691,8511,6751,5241,4991,3161,182825866548292227-492-579-538-587.98-228.2394.34310.94397.72
Merger & Restructuring Charges
-------178--148-148-356-178-30-30-----
Gain (Loss) on Sale of Investments
375-193-1535271,1013439914314748311,419577194-1,104-2,874-2,910-1,74153.862,8603,371
Gain (Loss) on Sale of Assets
----------1,340-1,340-1,340-1,340-------
Asset Writedown
-3-13-13-13-10----38-38-38-122-84-84-84--30.15-30.15-30.15-30.15
Legal Settlements
-----55555555---97-97-97-97-----
Pretax Income
2,3411,6451,5092,0382,5901,7142,2281,4891,357-147185-1,111-1,997-1,894-3,623-3,498-1,999118.053,1413,739
Income Tax Expense
413313278257245104209106846253372824-163-289.41-98.39-64.17225.93329.22
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
Net Income to Common
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
Net Income Growth (YoY)
-17.78%-17.27%-39.03%28.78%84.21%-1429.55%-----------88.68%812.23%1636.10%
Shares Outstanding (Basic)
1,3001,3011,2991,2961,2941,2921,2901,2881,2861,2841,2821,2791,2751,2701,2661,2621,2581,2541,2471,238
Shares Outstanding (Diluted)
1,3021,3071,3051,3091,3121,3041,3021,3111,3001,2841,2961,2791,2751,2701,2661,2621,2581,2721,2741,264
Shares Change (YoY)
-0.73%0.26%0.27%-0.15%0.88%1.50%0.46%2.51%1.98%1.08%2.31%1.29%1.39%-0.12%-0.58%-0.11%-0.22%1.01%3.16%3.95%
EPS (Basic)
1.481.020.951.371.811.251.571.070.99-0.160.10-0.90-1.59-1.51-2.73-2.54-1.510.152.342.75
EPS (Diluted)
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 (YoY)
-17.05%-17.36%-39.36%28.16%82.83%-1450.00%-----------88.70%784.34%1560.12%

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '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
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 Per Share
1.811.621.541.451.391.331.231.090.990.820.700.430.10-0.05-0.15-0.010.130.250.380.36
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%
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%
Free Cash Flow 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%
EBITDA
2,3952,1481,9291,7261,5731,4221,283900936598330251-412-443-383-405.54-62.58240.51446.81516.41
EBITDA Margin
18.05%17.37%16.69%16.14%15.71%15.16%14.45%10.96%12.06%8.07%4.67%3.77%-6.54%-7.50%-6.84%-7.73%-1.25%4.98%9.69%12.27%
D&A For EBITDA
2930313232343638435070901061069385.2469.8567.5166.3152.93
EBIT
2,3662,1181,8981,6941,5411,3881,247862893548260161-518-549-476-490.78-132.43173380.51463.48
EBIT 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%
Effective Tax Rate
17.64%19.03%18.42%12.61%9.46%6.07%9.38%7.12%6.19%-28.65%-------7.19%8.80%
Revenue as Reported
13,26912,36611,55610,69610,0149,3798,8808,2127,7647,4137,0606,6516,3035,9045,6005,2455,0034,8274,6124,210
Advertising Expenses
--753---546---497---505---420.09-
SEC Filings: 10-K · 10-Q