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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
147.37
-5.53 (-3.62%)
At close: Aug 31, 2026, 4:00 PM EDT
147.47
+0.09 (0.06%)
After-hours: Aug 31, 2026, 7:58 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
3,5833,1703,6722,8442,6802,3602,8122,1622,0451,8612,1441,7141,6941,5081,7351,3661,2951,2041,3801,124
Revenue Growth
33.69%34.32%30.58%31.55%31.05%26.81%31.16%26.14%20.72%23.41%23.57%25.48%30.81%25.25%25.72%21.56%15.68%21.78%41.14%46.43%
Gross Profit
1,7081,5461,6931,3911,3021,1691,3521,1181,0459571,062901835717798662656638691.86609.2
Operating Income
629498745494381278541341228137156194-117-15157-307-148-7842.2221.21
Net Income
1,502-581743264906-6821,293828171-273657718-1,31168-623-159-1,204-1,474-371.311,148
Earnings Per Share
1.16-0.450.570.200.69-0.530.990.640.13-0.210.510.55-1.020.05-0.49-0.13-0.95-1.17-0.300.90
EPS Growth
68.06%--42.34%-68.75%430.77%-94.82%16.36%-----------485.83%

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
802750777699656620666610563511525486444382400377366.44344.8351.2336.2
Merchant Solutions
2,7812,4202,8952,1452,0241,7402,1461,5521,4821,3501,6191,2281,2501,1261,335989928.62858.91,029787.5
Revenue (Total)
3,5833,1703,6722,8442,6802,3602,8122,1622,0451,8612,1441,7141,6941,5081,7351,3661,2951,2041,3801,124

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
4.084.815.094.504.214.073.912.882.993.133.092.932.852.682.902.874.574.805.265.03

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
65848172551342836761542334023844827811810098-134-75-25291.7441.87
Capital Expenditures
-4-5-10-6-6-4-4-2-7-6-2-2-21-14-8-14-12-16-25.98-11.36
Free Cash Flow
654476715507422363611421333232446276978690-148-87-41265.7730.5
Free Cash Flow Growth
54.98%31.13%17.02%20.43%26.73%56.47%37.00%52.54%243.30%169.77%395.56%----66.14%---11.20%-61.54%

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
47.67%48.77%46.11%48.91%48.58%49.53%48.08%51.71%51.10%51.42%49.53%52.57%49.29%47.55%45.99%48.46%50.66%52.99%50.13%54.21%
Operating Margin
17.55%15.71%20.29%17.37%14.22%11.78%19.24%15.77%11.15%7.36%7.28%11.32%-6.91%-10.01%3.28%-22.47%-11.43%-6.48%3.06%1.89%
Pretax Margin
49.54%-20.00%24.29%10.83%40.26%-32.63%50.53%39.78%9.93%-13.76%31.81%42.47%-76.80%5.04%-35.39%-11.57%-92.51%-137.29%-35.41%119.28%
Profit Margin
41.92%-18.33%20.23%9.28%33.81%-28.90%45.98%38.30%8.36%-14.67%30.64%41.89%-77.39%4.51%-35.91%-11.64%-92.97%-122.43%-26.91%102.20%
FCF Margin
18.25%15.02%19.47%17.83%15.75%15.38%21.73%19.47%16.28%12.47%20.80%16.10%5.73%5.70%5.19%-10.84%-6.72%-3.40%19.26%2.71%

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
77.05-170.23108.4563.82-68.0574.7966.89-758.99--------49.76
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-----356.76370.30
PS Ratio
11.2012.5118.1318.0614.9413.1815.4712.6010.9713.4114.1910.5313.0911.517.896.537.8817.6437.5140.30