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Friday 6 November 2026
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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
148.38
4.63
+3.22%
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Shopify Inc. (SHOP) EBITDA
Shopify Inc.'s EBITDA for fiscal 2025 was $1.5B, up 34.9% from $1.1B in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.1B. Over the past ten years it has ranged from −$1.3B (fiscal 2023) to $1.5B (fiscal 2025) — the current reading is the highest in ten years. Shopify Inc. ranks 13th of 206 Software Application companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $1.5B | 34.92% |
| FY2024 | $1.1B | — |
| FY2023 | −$1.3B | — |
| FY2022 | −$729.0M | — |
| FY2021 | $335.0M | 109.07% |
| FY2020 | $160.2M | — |
| FY2019 | −$105.5M | — |
| FY2018 | −$64.9M | — |
| FY2017 | −$25.8M | — |
| FY2016 | −$23.2M | — |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Sep 2026 | $575.0M | 16.16% |
| Jun 2026 | $495.0M | 27.25% |
| Mar 2026 | $389.0M | (39.03%) |
| Dec 2025 | $638.0M | 81.77% |
| 43 more quarters | Free account |
Against its own ten years
Low −$1.3B
High $1.5B
Ten-year median
−$23.2M
Current reading's percentile
100
EBITDA against peers
| Company | EBITDA |
|---|---|
| CRM Salesforce, Inc. compare | $14.9B |
| SAP SAP SE compare | $13.8B |
| ADBE Adobe Inc. compare | $10.1B |
| ADP Automatic Data Processing, Inc. compare | $7.6B |
| UBER Uber Technologies, Inc. compare | $7.5B |
| INTU Intuit Inc. compare | $6.7B |
| NOW ServiceNow, Inc. compare | $3.4B |
| SHOP Shopify Inc. | $2.1B |
| SNOW Snowflake Inc. compare | −$788.2M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on SHOP
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement