Shopify Inc. (SHOP)

SHOP Financials

SHOP Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	5.932B	1.546B	1.693B	1.391B	1.302B	1.169B	1.352B	1.118B	1.045B
Revenue	12.366B	3.170B	3.672B	2.844B	2.680B	2.360B	2.812B	2.162B	2.045B
Cost of Goods Sold	6.434B	1.624B	1.979B	1.453B	1.378B	1.191B	1.460B	1.044B	1.000B
Gross Profit Margin	48.8%	48.8%	46.1%	48.9%	48.6%	49.5%	48.1%	51.7%	51.1%
Total Operating Expenses	4.285B	1.164B	1.062B	1.048B	1.011B	966.000M	887.000M	835.000M	804.000M
Research & Development	1.596B	437.000M	390.000M	375.000M	394.000M	377.000M	351.000M	332.000M	349.000M
Selling, General & Administrative	2.231B	611.000M	558.000M	525.000M	537.000M	514.000M	460.000M	445.000M	413.000M
Operating Income (EBIT)	1.647B	382.000M	631.000M	343.000M	291.000M	203.000M	465.000M	283.000M	241.000M
Operating Margin	12.1%	12.1%	17.2%	12.1%	10.9%	8.6%	16.5%	13.1%	11.8%
Income Before Tax (EBT)	1.645B	-634.000M	892.000M	308.000M	1.079B	-770.000M	1.421B	860.000M	203.000M
Interest Income	341.000M	75.000M	79.000M	81.000M	106.000M	65.000M	72.000M	77.000M	80.000M
Interest Expense	—	—	—	—	—	—	—	—	—
Other Income/Expense	-2.000M	-1.016B	261.000M	-35.000M	788.000M	-973.000M	956.000M	577.000M	-38.000M
Net Income	1.332B	-581.000M	743.000M	264.000M	906.000M	-682.000M	1.293B	828.000M	171.000M
Income Tax Expense	313.000M	-53.000M	149.000M	44.000M	173.000M	-88.000M	128.000M	32.000M	32.000M
Net Profit Margin	-18.3%	-18.3%	20.2%	9.3%	33.8%	-28.9%	46.0%	38.3%	8.4%
EBITDA	1.595B	382.000M	518.000M	316.000M	379.000M	286.000M	549.000M	349.000M	293.000M
EBITDA Margin	12.1%	12.1%	14.1%	11.1%	14.1%	12.1%	19.5%	16.1%	14.3%
Depreciation & Amortization	23.000M	0.00	7.000M	8.000M	8.000M	8.000M	8.000M	8.000M	10.000M
EPS Basic	1.03	-0.45	0.58	0.20	0.70	-0.53	1.00	0.64	0.13
EPS Diluted	1.02	-0.45	0.58	0.20	0.69	-0.53	1.00	0.64	0.13
Shares Outstanding	1.303B	1.303B	1.299B	1.300B	1.298B	1.295B	1.295B	1.291B	1.289B
Diluted Shares Outstanding	1.303B	1.303B	1.305B	1.313B	1.309B	1.295B	1.295B	1.302B	1.300B

SHOP Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	5.555B	4.472B	3.515B	2.754B	2.481B	1.542B	865.643M	596.267M
Revenue	11.556B	8.880B	7.060B	5.600B	4.612B	2.929B	1.578B	1.073B
Cost of Goods Sold	6.001B	4.408B	3.545B	2.846B	2.131B	1.388B	712.530M	476.962M
Gross Profit Margin	48.1%	50.4%	49.8%	49.2%	53.8%	52.6%	54.9%	55.6%
Total Operating Expenses	4.087B	3.397B	4.933B	3.576B	2.213B	1.451B	1.007B	688.187M
Research & Development	1.536B	1.367B	1.730B	1.503B	854.383M	552.127M	355.015M	230.674M
Selling, General & Administrative	2.134B	1.803B	1.711B	1.938B	1.276B	847.391M	626.606M	457.513M
Operating Income (EBIT)	1.468B	1.075B	-1.418B	-822.000M	268.643M	90.153M	-141.147M	-91.920M
Operating Margin	12.7%	12.1%	-20.1%	-14.7%	5.8%	3.1%	-8.9%	-8.6%
Income Before Tax (EBT)	1.509B	2.228B	185.000M	-3.623B	3.141B	240.364M	-95.815M	-64.553M
Interest Income	331.000M	308.000M	241.000M	76.005M	15.356M	24.672M	48.182M	29.436M
Interest Expense	—	—	—	1.150M	3.462M	9.565M	—	—
Other Income/Expense	41.000M	1.153B	1.603B	-2.801B	2.872B	150.211M	45.332M	27.367M
Net Income	1.231B	2.019B	132.000M	-3.460B	2.915B	319.509M	-124.842M	-64.553M
Income Tax Expense	278.000M	209.000M	53.000M	-163.000M	225.933M	-79.145M	29.027M	0.00
Net Profit Margin	10.7%	22.7%	1.9%	-61.8%	63.2%	10.9%	-7.9%	-6.0%
EBITDA	1.499B	1.338B	144.000M	-594.000M	3.208B	318.999M	-60.164M	-64.868M
EBITDA Margin	13.0%	15.1%	2.0%	-10.6%	69.6%	10.9%	-3.8%	-6.0%
Depreciation & Amortization	31.000M	36.000M	70.000M	93.000M	66.308M	70.060M	35.651M	27.052M
EPS Basic	0.95	1.56	0.10	-2.73	2.32	0.27	-0.11	-0.06
EPS Diluted	0.94	1.55	0.10	-2.73	2.27	0.26	-0.11	-0.06
Shares Outstanding	1.299B	1.295B	1.282B	1.266B	1.247B	1.196B	1.130B	1.057B
Diluted Shares Outstanding	1.305B	1.302B	1.296B	1.266B	1.274B	1.235B	1.130B	1.057B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Shopify Inc.

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Ottawa, ON

8,100 employees

www.shopify.com

Technology / Software - Application

Sector: Technology
Industry: Software - Application
CEO: Tobias Lutke

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