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 | 11,556.00 | 8,880.00 | 7,060.00 | 5,600.00 | 4,611.86 | 2,929.49 | 1,578.17 | 1,073.23 | 673.30 | 389.33 | 205.23 | 105.02 | 50.25 | 23.71 |
| Cost of revenue | 6,001.00 | 4,408.00 | 3,545.00 | 2,846.00 | 2,130.71 | 1,387.97 | 712.53 | 476.96 | 293.05 | 179.84 | 94.16 | 43.22 | 13.51 | 4.78 |
| Gross profit | 5,555.00 | 4,472.00 | 3,515.00 | 2,754.00 | 2,481.14 | 1,541.52 | 865.64 | 596.27 | 380.25 | 209.50 | 111.07 | 61.80 | 36.74 | 18.94 |
| Total operating expenses | 4,087.00 | 3,397.00 | 4,933.00 | 3,576.00 | 2,212.50 | 1,451.37 | 1,006.79 | 688.19 | 429.41 | 246.66 | 128.83 | 83.41 | 41.01 | 20.45 |
| Operating income | 1,468.00 | 1,075.00 | -1,418.00 | -822.00 | 268.64 | 90.15 | -141.15 | -91.92 | -49.16 | -37.17 | -17.76 | -21.62 | -4.27 | -1.51 |
| Non-operating income (net) | 41.00 | 1,153.00 | 1,603.00 | -2,801.00 | 2,871.95 | 150.21 | 45.33 | 27.37 | 9.16 | 1.81 | -1.03 | -0.70 | -0.57 | 0.28 |
| Income before tax | 1,509.00 | 2,228.00 | 185.00 | -3,623.00 | 3,140.59 | 240.36 | -95.82 | -64.55 | -40.00 | -35.36 | -18.79 | -22.31 | -4.84 | -1.23 |
| Income tax expense | 278.00 | 209.00 | 53.00 | -163.00 | 225.93 | -79.15 | 29.03 | 27.37 | -0.84 | 0.17 | -0.97 | 0.70 | 0.57 | -0.28 |
| Net income | 1,231.00 | 2,019.00 | 132.00 | -3,460.00 | 2,914.66 | 319.51 | -124.84 | -64.55 | -40.00 | -35.36 | -18.79 | -22.31 | -4.84 | -1.23 |
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 | 3,170.00 | 3,672.00 | 2,844.00 | 2,680.00 | 2,360.00 | 2,812.00 | 2,162.00 | 2,045.00 | 1,861.00 | 2,144.00 | 1,714.00 | 1,694.00 | 1,508.00 | 1,734.98 | 1,366.00 | 1,295.00 | 1,204.00 | 1,380.02 | 1,123.74 | 1,119.45 | 988.65 | 977.74 | 767.41 | 714.34 | 470.00 | 505.16 | 390.55 | 361.98 | 320.48 | 343.86 | 270.06 | 244.96 | 214.34 | 222.81 | 171.46 | 151.66 | 127.38 | 130.38 | 99.58 | 86.65 | 72.72 | 70.17 | 52.79 | 44.93 | 37.35 | 35.18 | 27.35 | 23.68 | 18.81 | 17.74 | 12.74 | 10.63 | 9.15 |
| Cost of revenue | 1,624.00 | 1,979.00 | 1,453.00 | 1,378.00 | 1,191.00 | 1,460.00 | 1,044.00 | 1,000.00 | 904.00 | 1,082.00 | 813.00 | 859.00 | 791.00 | 936.47 | 704.00 | 639.00 | 566.00 | 687.37 | 514.83 | 498.59 | 429.93 | 473.36 | 362.26 | 339.31 | 213.05 | 241.27 | 173.86 | 157.21 | 140.19 | 158.12 | 120.34 | 108.01 | 90.50 | 101.67 | 71.43 | 64.82 | 55.14 | 62.25 | 47.12 | 40.48 | 33.45 | 34.66 | 24.04 | 19.67 | 15.78 | 15.57 | 11.11 | 9.37 | 7.18 | 6.49 | 3.21 | 2.02 | 1.79 |
| Gross profit | 1,546.00 | 1,693.00 | 1,391.00 | 1,302.00 | 1,169.00 | 1,352.00 | 1,118.00 | 1,045.00 | 957.00 | 1,062.00 | 901.00 | 835.00 | 717.00 | 798.51 | 662.00 | 656.00 | 638.00 | 692.66 | 608.91 | 620.86 | 558.72 | 504.39 | 405.15 | 375.03 | 256.95 | 263.89 | 216.70 | 204.77 | 180.29 | 185.74 | 149.73 | 136.96 | 123.84 | 121.15 | 100.03 | 86.84 | 72.24 | 68.14 | 52.46 | 46.17 | 39.27 | 35.51 | 28.74 | 25.25 | 21.57 | 19.61 | 16.24 | 14.32 | 11.63 | 37.55 | 0.00 | 0.00 | 0.00 |
| Total operating expenses | 1,164.00 | 1,062.00 | 1,048.00 | 1,011.00 | 966.00 | 887.00 | 835.00 | 804.00 | 871.00 | 773.00 | 779.00 | 2,471.00 | 910.00 | 987.26 | 1,008.00 | 846.00 | 736.00 | 678.26 | 613.01 | 481.42 | 439.82 | 391.85 | 354.59 | 374.75 | 330.18 | 293.97 | 252.35 | 244.39 | 216.08 | 195.20 | 181.10 | 167.72 | 144.18 | 127.26 | 112.70 | 102.75 | 86.70 | 77.44 | 61.94 | 54.83 | 48.98 | 42.03 | 33.04 | 28.71 | 25.04 | 24.11 | 20.35 | 21.35 | 17.60 | 54.52 | 0.00 | 0.00 | 0.00 |
| Operating income | 382.00 | 631.00 | 343.00 | 291.00 | 203.00 | 465.00 | 283.00 | 241.00 | 86.00 | 289.00 | 122.00 | -1,636.00 | -193.00 | -188.75 | -346.00 | -190.00 | -98.00 | 14.40 | -4.10 | 139.44 | 118.90 | 112.54 | 50.56 | 0.28 | -73.23 | -30.08 | -35.66 | -39.62 | -35.79 | -9.46 | -31.37 | -30.76 | -20.33 | -6.11 | -12.68 | -15.91 | -14.46 | -9.31 | -9.49 | -8.66 | -9.71 | -6.52 | -4.30 | -3.46 | -3.48 | -4.50 | -4.11 | -7.04 | -5.97 | -4.27 | -0.24 | 0.24 | 0.52 |
| Non-operating income (net) | -1,016.00 | 261.00 | -35.00 | 788.00 | -973.00 | 956.00 | 577.00 | -38.00 | -342.00 | 393.00 | 606.00 | 335.00 | 269.00 | -425.86 | 188.00 | -1,008.00 | -1,555.00 | -503.12 | 1,344.55 | 779.87 | 1,250.65 | -2.79 | 135.81 | 4.08 | 13.11 | 11.54 | 11.21 | 10.94 | 11.64 | 7.94 | 8.18 | 6.81 | 4.43 | 3.13 | 3.30 | 1.88 | 0.86 | 0.44 | 0.37 | 0.22 | 0.78 | 0.21 | -0.36 | 0.17 | -1.05 | -0.30 | -0.16 | 0.16 | -0.39 | -0.57 | 0.24 | -0.49 | -0.27 |
| Income before tax | -634.00 | 892.00 | 308.00 | 1,079.00 | -770.00 | 1,421.00 | 860.00 | 203.00 | -256.00 | 682.00 | 728.00 | -1,301.00 | 76.00 | -614.61 | -158.00 | -1,198.00 | -1,653.00 | -488.72 | 1,340.45 | 919.32 | 1,369.54 | 109.75 | 186.37 | 4.37 | -60.12 | -18.54 | -24.45 | -28.68 | -24.15 | -1.51 | -23.18 | -23.95 | -15.90 | -2.99 | -9.38 | -14.03 | -13.60 | -8.87 | -9.12 | -8.44 | -8.93 | -6.31 | -4.66 | -3.30 | -4.53 | -4.80 | -4.27 | -6.88 | -6.37 | -4.84 | 0.00 | -0.25 | 0.25 |
| Income tax expense | -53.00 | 149.00 | 44.00 | 173.00 | -88.00 | 128.00 | 32.00 | 32.00 | 17.00 | 25.00 | 10.00 | 10.00 | 8.00 | 9.09 | 1.00 | 6.00 | -179.00 | -117.41 | 192.02 | 40.22 | 111.10 | -14.12 | -4.70 | -31.63 | -28.70 | -19.31 | 48.34 | -10.94 | -18.47 | -5.85 | 0.00 | 0.00 | 0.00 | -7.76 | 0.00 | 0.00 | 0.00 | -4.44 | 0.00 | 0.00 | 0.00 | -2.20 | 0.36 | -0.17 | 1.05 | 0.30 | 0.16 | -0.16 | 0.39 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net income | -581.00 | 743.00 | 264.00 | 906.00 | -682.00 | 1,293.00 | 828.00 | 171.00 | -273.00 | 657.00 | 718.00 | -1,311.00 | 68.00 | -623.69 | -159.00 | -1,204.00 | -1,474.00 | -371.31 | 1,148.43 | 879.09 | 1,258.45 | 123.87 | 191.07 | 36.00 | -31.43 | 0.77 | -72.78 | -28.68 | -24.15 | -1.51 | -23.18 | -23.95 | -15.90 | -2.99 | -9.38 | -14.03 | -13.60 | -8.87 | -9.12 | -8.44 | -8.93 | -6.31 | -4.66 | -3.30 | -4.53 | -4.80 | -4.27 | -6.88 | -6.37 | -4.84 | 0.00 | -0.25 | 0.25 |