Shopify Inc. (SHOP) Net Income
The annual net income for Shopify Inc. (SHOP) is $1.23 Billion with a year-over-year change of (39.03%). Net income represents the company's bottom line profit after all expenses, taxes, and interest.
Annual Net Income (TTM)
$1.23B
$1.23 Billion
Year-over-Year Change
(39.03%)
vs. $2.02B prior year
Net Income CAGR
(3.71%)
5 Year compound annual growth rate
Net Income CAGR (Compound Annual Growth Rate)
1 Year
(17.28%)
3 Year
+64.43%
5 Year
(3.71%)
10 Year
N/A
15 Year
N/A
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Net Income History
| Year | Net Income | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.23B | ($788.00M) | (39.03%) |
| 2024 | $2.02B | +$1.89B | +1429.55% |
| 2023 | $132.00M | +$3.59B | — |
| 2022 | ($3.46B) | ($6.37B) | (218.71%) |
| 2021 | $2.91B | +$2.60B | +812.23% |
| 2020 | $319.51M | +$444.35M | — |
| 2019 | ($124.84M) | ($60.29M) | — |
| 2018 | ($64.55M) | ($24.56M) | — |
| 2017 | ($39.99M) | ($4.64M) | — |
| 2016 | ($35.35M) | ($16.57M) | — |
Net Income Growth Summary
TTM Growth
(17.28%)
3-Year Avg Growth
+64.43%
5-Year Avg Growth
(3.71%)
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.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke