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Shopify SHOP
$ 124.83 2.43%

Quarterly report 2025-Q3
added 02-28-2026

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Shopify Income Statement 2011-2026 | SHOP

Annual Income Statement Shopify

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

156 B 162 B 97.9 B 67.1 B 1.2 T 131 B 52.6 B 17.8 B 11.9 B 4.26 B 1.43 B - - - -

Shares

1.3 B 1.29 B 1.28 B 1.27 B 1.25 B 120 M 113 M 106 M 95.8 M 84 M 61.7 M - - - -

Historical Prices

- 126 76.4 53 964 1.1 K 466 168 128 50.8 23.2 - - - -

Net Income

1.23 B 2.02 B 132 M -3.46 B 2.91 B 320 M -125 M -64.6 M -40 M -35.4 M -18.8 M -22.3 M -4.84 M -1.23 M -

Revenue

11.6 B 8.88 B 7.06 B 5.6 B 4.61 B 2.93 B 1.58 B 1.07 B 673 M 389 M 205 M 105 M 50.3 M 23.7 M -

Cost of Revenue

6 B 4.41 B 3.54 B 2.85 B 2.13 B 1.39 B 713 M 477 M 293 M - - - - - -

Gross Profit

5.56 B 4.47 B 3.52 B 2.75 B 2.48 B 1.54 B 866 M 596 M 380 M 209 M 111 M 61.8 M 36.7 M 18.9 M -

Operating Income

1.47 B 1.08 B -1.42 B -822 M 269 M 90.2 M -141 M -91.9 M -49.2 M -37.2 M -17.8 M -21.6 M -4.27 M - -

Interest Expense

- - - - 3.49 M 9.08 M - - - - - - - - -

EBITDA

1.5 B 1.11 B -1.35 B -729 M 335 M 160 M -105 M -64.9 M -25.8 M -23.2 M -10.5 M -16.9 M -2.51 M -747 K -

Operating Expenses

4.09 B 3.4 B 4.93 B 3.58 B 2.21 B 1.45 B 1.01 B 688 M 429 M 247 M 129 M 83.4 M 41 M 20.5 M -

General and Administrative Expenses

471 M 410 M 491 M 708 M 375 M 297 M 179 M 107 M 67.7 M 43.1 M 18.7 M 11.6 M 3.98 M 1.74 M -

All numbers in USD currency

Quarterly Income Statement Shopify

2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

1.3 B 1.3 B 1.3 B 1.29 B 1.29 B 1.29 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 39.3 M - - - - - - - - - - - - - - -

Net Income

264 M 906 M -682 M 828 M 171 M -273 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

2.84 B 2.68 B 2.36 B 2.16 B 2.04 B 1.86 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

1.45 B 1.38 B 1.19 B 1.04 B 1 B 904 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

1.39 B 1.3 B 1.17 B 1.12 B 1.04 B 957 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

343 M 291 M 203 M 283 M 241 M 86 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

351 M 299 M 211 M 291 M 251 M 96 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

1.05 B 1.01 B 966 M 835 M 804 M 871 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

115 M 122 M 109 M 114 M 60 M 124 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Shopify (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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