Shopify Inc.

SHOP Technology Software Application

Shopify Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.6 billion, up 30.1% from fiscal 2024.

Revenue
+31.6%
EPS
+79.5%
Free cash flow
+61.0%
Total debt
−81.7%

Quarter to September 2026, against a year earlier

149.12 5.37 +3.74%
Market cap
$184.9B
P/E
87.9×
Fwd P/E
97.3×
Dividend yield
—
F-score
6/9
Altman Z
75.00
Beneish M
−2.19
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Older periods Dec '25 Mar '26 Jun '26 Sep '26
Revenue

+8 more quarters

3,672.00 3,170.00 3,583.00 3,742.00
Revenue Growth
30.58% 34.32% 33.69% 31.58%
Gross Profit
1,693.00 1,546.00 1,708.00 1,781.00
Operating Income
631.00 382.00 488.00 568.00
EBT
892.00 (634.00) 1,775.00 499.00
Income after Tax
743.00 (581.00) 1,502.00 462.00
Net Income Common
743.00 (581.00) 1,502.00 462.00
EPS (Diluted)
0.57 (0.45) 1.16 0.36
Shares (Diluted, Weighted)
1,304.95 1,303.36 1,297.94 1,290.73
Gross Margin
46.11% 48.77% 47.67% 47.59%
EBIT Margin
17.18% 12.05% 13.62% 15.18%
Net Profit Margin
20.23% (18.33%) 41.92% 12.35%
EBITDA
638.00 389.00 495.00 575.00
EBIT
631.00 382.00 488.00 568.00

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In millions of $ except per-share values · columns are period end dates · fundamentals updated 5 Nov 2026