Shopify Inc.
SHOP · NASDAQ
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 5.60B | 2.75B | -822.00M | -3.46B | -2.73 |
| 2023 FY | 7.06B | 3.52B | -1.42B | 132.00M | 0.10 |
| 2024 FY | 8.88B | 4.47B | 1.08B | 2.02B | 1.56 |
| 2025 FY | 11.56B | 5.56B | 1.47B | 1.23B | 0.95 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 10.76B | 2.52B | 1.65B | 1.40B | 8.24B |
| 2023 FY | 11.30B | 2.23B | 1.41B | 1.15B | 9.07B |
| 2024 FY | 13.92B | 2.37B | 1.50B | 1.13B | 11.56B |
| 2025 FY | 15.19B | 1.72B | 1.53B | 188.00M | 13.47B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -136.00M | -50.00M | -186.00M | — | -854.00M |
| 2023 FY | 944.00M | -39.00M | 905.00M | — | -236.00M |
| 2024 FY | 1.62B | -19.00M | 1.60B | — | 85.00M |
| 2025 FY | 2.03B | -26.00M | 2.01B | — | 47.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 43.95B | 43.70B | — | — | — |
| 2023 FY | 99.83B | 99.57B | — | — | — |
| 2024 FY | 137.65B | 137.28B | — | — | — |
| 2025 FY | 209.09B | 207.75B | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 2.68B | 1.30B | 291.00M | 906.00M | 0.70 |
| 2025 Q3 | 2.84B | 1.39B | 343.00M | 264.00M | 0.20 |
| 2025 Q4 | 3.67B | 1.69B | 631.00M | 743.00M | 0.58 |
| 2026 Q1 | 3.17B | 1.55B | 382.00M | -581.00M | -0.45 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 14.59B | 2.44B | 1.55B | 1.14B | 12.15B |
| 2025 Q3 | 15.02B | 2.53B | 2.41B | 1.12B | 12.50B |
| 2025 Q4 | 15.19B | 1.72B | 1.53B | 188.00M | 13.47B |
| 2026 Q1 | 14.17B | 1.63B | 1.85B | 179.59M | 12.54B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 436.08M | -6.13M | 429.94M | — | 236.37M |
| 2025 Q3 | 513.00M | -6.00M | 507.00M | — | 872.00M |
| 2025 Q4 | 725.00M | -10.00M | 715.00M | — | -869.00M |
| 2026 Q1 | 481.00M | -5.00M | 476.00M | — | 303.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 149.70B | 149.29B | — | — | — |
| 2025 Q3 | 193.20B | 191.91B | — | — | — |
| 2025 Q4 | 209.09B | 207.75B | — | — | — |
| 2026 Q1 | 154.60B | 152.93B | — | — | — |