Income Statement - SHOPIFY INC. (SHOP)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 11.56 | 8.88 | 7.06 | 5.60 | 4.61 | 2.93 | 1.58 | 1.07 | 0.67 | 0.39 | 0.21 | 0.11 | 0.05 | 0.02 |
| Cost of revenue | 6.00 | 4.41 | 3.55 | 2.85 | 2.13 | 1.39 | 0.71 | 0.48 | 0.29 | 0.18 | 0.09 | 0.04 | 0.01 | 0.00 |
| Gross profit | 5.56 | 4.47 | 3.52 | 2.75 | 2.48 | 1.54 | 0.87 | 0.60 | 0.38 | 0.21 | 0.11 | 0.06 | 0.04 | 0.02 |
| Total operating expenses | 4.09 | 3.40 | 4.93 | 3.58 | 2.21 | 1.45 | 1.01 | 0.69 | 0.43 | 0.25 | 0.13 | 0.08 | 0.04 | 0.02 |
| Operating income | 1.47 | 1.08 | -1.42 | -0.82 | 0.27 | 0.09 | -0.14 | -0.09 | -0.05 | -0.04 | -0.02 | -0.02 | 0.00 | 0.00 |
| Non-operating income (net) | 0.04 | 1.15 | 1.60 | -2.80 | 2.87 | 0.15 | 0.05 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 1.51 | 2.23 | 0.19 | -3.62 | 3.14 | 0.24 | -0.10 | -0.06 | -0.04 | -0.04 | -0.02 | -0.02 | 0.00 | 0.00 |
| Income tax expense | 0.28 | 0.21 | 0.05 | -0.16 | 0.23 | -0.08 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net income | 1.23 | 2.02 | 0.13 | -3.46 | 2.91 | 0.32 | -0.12 | -0.06 | -0.04 | -0.04 | -0.02 | -0.02 | 0.00 | 0.00 |
Show Quarterly Income Statement
Income Statement - SHOPIFY INC. (SHOP)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 3.17 | 3.67 | 2.84 | 2.68 | 2.36 | 2.81 | 2.16 | 2.05 | 1.86 | 2.14 | 1.71 | 1.69 | 1.51 | 1.73 | 1.37 | 1.30 | 1.20 | 1.38 | 1.12 | 1.12 | 0.99 | 0.98 | 0.77 | 0.71 | 0.47 | 0.51 | 0.39 | 0.36 | 0.32 | 0.34 | 0.27 | 0.24 | 0.21 | 0.22 | 0.17 | 0.15 | 0.13 | 0.13 | 0.10 | 0.09 | 0.07 | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Cost of revenue | 1.62 | 1.98 | 1.45 | 1.38 | 1.19 | 1.46 | 1.04 | 1.00 | 0.90 | 1.08 | 0.81 | 0.86 | 0.79 | 0.94 | 0.70 | 0.64 | 0.57 | 0.69 | 0.51 | 0.50 | 0.43 | 0.47 | 0.36 | 0.34 | 0.21 | 0.24 | 0.17 | 0.16 | 0.14 | 0.16 | 0.12 | 0.11 | 0.09 | 0.10 | 0.07 | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Gross profit | 1.55 | 1.69 | 1.39 | 1.30 | 1.17 | 1.35 | 1.12 | 1.05 | 0.96 | 1.06 | 0.90 | 0.84 | 0.72 | 0.80 | 0.66 | 0.66 | 0.64 | 0.69 | 0.61 | 0.62 | 0.56 | 0.50 | 0.41 | 0.38 | 0.26 | 0.26 | 0.22 | 0.20 | 0.18 | 0.19 | 0.15 | 0.14 | 0.12 | 0.12 | 0.10 | 0.09 | 0.07 | 0.07 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.04 | 0.00 | 0.00 | 0.00 |
| Total operating expenses | 1.16 | 1.06 | 1.05 | 1.01 | 0.97 | 0.89 | 0.84 | 0.80 | 0.87 | 0.77 | 0.78 | 2.47 | 0.91 | 0.99 | 1.01 | 0.85 | 0.74 | 0.68 | 0.61 | 0.48 | 0.44 | 0.39 | 0.35 | 0.37 | 0.33 | 0.29 | 0.25 | 0.24 | 0.22 | 0.20 | 0.18 | 0.17 | 0.14 | 0.13 | 0.11 | 0.10 | 0.09 | 0.08 | 0.06 | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.00 | 0.00 | 0.00 |
| Operating income | 0.38 | 0.63 | 0.34 | 0.29 | 0.20 | 0.47 | 0.28 | 0.24 | 0.09 | 0.29 | 0.12 | -1.64 | -0.19 | -0.19 | -0.35 | -0.19 | -0.10 | 0.01 | 0.00 | 0.14 | 0.12 | 0.11 | 0.05 | 0.00 | -0.07 | -0.03 | -0.04 | -0.04 | -0.04 | -0.01 | -0.03 | -0.03 | -0.02 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-operating income (net) | -1.02 | 0.26 | -0.04 | 0.79 | -0.97 | 0.96 | 0.58 | -0.04 | -0.34 | 0.39 | 0.61 | 0.34 | 0.27 | -0.43 | 0.19 | -1.01 | -1.56 | -0.50 | 1.34 | 0.78 | 1.25 | 0.00 | 0.14 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | -0.63 | 0.89 | 0.31 | 1.08 | -0.77 | 1.42 | 0.86 | 0.20 | -0.26 | 0.68 | 0.73 | -1.30 | 0.08 | -0.61 | -0.16 | -1.20 | -1.65 | -0.49 | 1.34 | 0.92 | 1.37 | 0.11 | 0.19 | 0.00 | -0.06 | -0.02 | -0.02 | -0.03 | -0.02 | 0.00 | -0.02 | -0.02 | -0.02 | 0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income tax expense | -0.05 | 0.15 | 0.04 | 0.17 | -0.09 | 0.13 | 0.03 | 0.03 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | -0.18 | -0.12 | 0.19 | 0.04 | 0.11 | -0.01 | 0.00 | -0.03 | -0.03 | -0.02 | 0.05 | -0.01 | -0.02 | -0.01 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net income | -0.58 | 0.74 | 0.26 | 0.91 | -0.68 | 1.29 | 0.83 | 0.17 | -0.27 | 0.66 | 0.72 | -1.31 | 0.07 | -0.62 | -0.16 | -1.20 | -1.47 | -0.37 | 1.15 | 0.88 | 1.26 | 0.12 | 0.19 | 0.04 | -0.03 | 0.00 | -0.07 | -0.03 | -0.02 | 0.00 | -0.02 | -0.02 | -0.02 | 0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 |