Shopify EBITDA 2011-2026 | SHOP

Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA), is an often used measure of a company's profitability. Financial analysts use EBITDA for a number of purposes including calculating simple valuations of a firm, estimating cash flows, and assessing debt servicing capability. The uses for EBITDA in financial analysis are numerous, but in practice should be more restrained. While EBITDA has some useful applications, it should be used with caution, as the problems with EBITDA are abundant and can lead to a number of misguided conclusions.^[1]

EBITDA is an important indicator for investors and analysts because it allows them to evaluate a company's operating profit without considering the impact of financial expenses, taxes, or non-cash depreciation and amortization. It provides better comparability between companies in different industries or with different tax conditions.

EBITDA is often used to assess a company's ability to generate cash flow and repay debts. It can also serve as a measure of a company's operational efficiency, as it shows how profitable the core business is, regardless of external factors such as interest or taxes.

However, it is important to note that EBITDA is not an official financial statement measure and can be defined and calculated differently by companies. Therefore, investors and analysts should exercise caution when using EBITDA as an evaluation tool and combine it with other financial metrics and information to get a more complete picture of a company's financial condition.

Annual EBITDA Shopify

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

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
1.5 B	-1.35 B	55.6 M

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

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
351 M	96 M	250 M

References

Brockman, C. M., & Russell, J. W. (2012). EBITDA: use it... or lose it?. International Journal of Business, Accounting and Finance, 6(2), 84-93.

EBITDA of other stocks in the Software industry

Issuer	EBITDA	Price	% 24h	Market Cap	Country
ANSYS ANSS	861 M	-	-	$ 32.7 B	USA
Asana ASAN	-175 M	$ 6.22	0.4 %	$ 1.47 B	USA
Avaya Holdings Corp. AVYA	-1.47 B	-	-	$ 3.47 M	USA
FireEye, Inc. FEYE	-32.3 M	-	-3.41 %	$ 4.13 B	USA
Brightcove BCOV	-5.1 M	-	-	$ 192 K	USA
Black Knight BKI	648 M	-	-0.02 %	$ 11.7 B	USA
Powerbridge Technologies Co., Ltd. PBTS	-77.3 M	-	2.4 %	$ 115 M	China
Cadence Design Systems CDNS	1.21 B	$ 287.82	2.98 %	$ 78.1 B	USA
Sapiens International Corporation N.V. SPNS	90.2 M	-	-	$ 2.43 B	Curacao
Citrix Systems CTXS	298 M	-	-	$ 13.2 B	USA
Ebix EBIX	139 M	-	-30.99 %	$ 36.3 M	USA
ChannelAdvisor Corporation ECOM	25.5 M	-	0.02 %	$ 668 M	USA
Datadog DDOG	4.83 M	$ 122.09	4.76 %	$ 42.4 B	USA
Net Element, Inc. NETE	-1.46 M	-	8.63 %	$ 83.8 M	USA
Alarm.com Holdings ALRM	164 M	$ 45.43	2.25 %	$ 2.26 B	USA
E2open Parent Holdings ETWO	-470 M	-	-	$ 1.02 B	USA
Everbridge EVBG	-2.58 M	-	-	$ 1.42 B	USA
Evolving Systems EVOL	-3.43 M	-	-8.47 %	$ 13.9 M	USA
EVO Payments EVOP	151 M	-	-	$ 1.77 B	USA
BlackBerry Limited BB	45.5 M	$ 3.58	2.58 %	$ 2.12 B	Canada
Euronet Worldwide EEFT	668 M	$ 68.28	3.06 %	$ 2.86 B	USA
Altair Engineering ALTR	59.8 M	-	-	$ 9.4 B	USA
EVERTEC EVTC	209 M	$ 28.73	2.81 %	$ 1.83 B	Puerto-rico
GreenBox POS GBOX	-18.6 M	-	5.45 %	$ 43.6 M	USA
Proofpoint, Inc. PFPT	769 K	-	-	$ 10.1 B	USA
American Software AMSWA	8.55 M	-	-2.14 %	$ 369 M	USA
Agora API	-49.9 M	$ 3.79	3.55 %	$ 1.41 B	China
Dynatrace DT	199 M	$ 37.77	1.55 %	$ 11.3 B	USA
AppFolio APPF	176 M	$ 159.5	1.82 %	$ 5.74 B	USA
Zix Corporation ZIXI	36.9 M	-	0.12 %	$ 482 M	USA
Future FinTech Group FTFT	-34 M	$ 1.42	-1.74 %	$ 2.83 M	China
Akamai Technologies AKAM	1.28 B	$ 115.53	1.44 %	$ 16.8 B	USA
Digital Turbine APPS	28.8 M	$ 3.09	2.15 %	$ 321 M	USA
GTY Technology Holdings GTYH	-44.5 M	-	0.17 %	$ 355 M	USA
Diebold Nixdorf, Incorporated DBD	370 M	$ 82.57	5.58 %	$ 3.04 B	USA
Dropbox DBX	821 M	$ 23.4	-0.85 %	$ 6.28 B	USA
CyberArk Software Ltd. CYBR	-30.8 M	-	-	$ 18.1 B	Israel
Guidewire Software GWRE	64.8 M	$ 142.61	-2.33 %	$ 12 B	USA
GoDaddy GDDY	693 M	$ 83.82	0.61 %	$ 11.2 B	USA
Avalara AVLR	-80.4 M	-	-	$ 8.28 B	USA
HubSpot HUBS	144 M	$ 232.96	2.42 %	$ 12.2 B	USA
Aware AWRE	-5.98 M	$ 1.3	2.78 %	$ 27.5 M	USA
Globant S.A. GLOB	144 M	$ 46.33	0.48 %	$ 7.32 B	Luxembourg
Kubient KBNT	-13.9 M	-	-10.71 %	$ 1.43 M	USA
Intrusion INTZ	-7.4 M	$ 0.83	2.69 %	$ 16.4 M	USA
Cloudera, Inc. CLDR	-248 M	-	0.06 %	$ 4.74 B	Canada
Domo DOMO	-48.3 M	$ 2.87	2.5 %	$ 103 M	USA
Viant Technology DSP	30.8 M	$ 11.05	1.01 %	$ 181 M	USA
Absolute Software Corporation ABST	-7.14 M	-	-	$ 811 M	Canada
Bottomline Technologies (de), Inc. EPAY	16.9 M	-	-	$ 2.56 B	USA