Latest Quarter
2025-12-31
Shopify Inc (307.F)
Revenue
$3.7B
Net Income
$743M
Operating Margin
17.2%
Free Cash Flow
$2.0B
Debt / Assets
11.3%
Values are in USD and rounded to the nearest whole number unless noted.
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| Income Statement (Quarterly) | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Revenue | 3,672,000,000 | 2,844,000,000 | 2,680,000,000 | 2,360,000,000 |
| Cost of Revenue | 1,979,000,000 | 1,453,000,000 | 1,378,000,000 | 1,191,000,000 |
| Gross Profit | 1,693,000,000 | 1,391,000,000 | 1,302,000,000 | 1,169,000,000 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 558,000,000 | 525,000,000 | 537,000,000 | 514,000,000 |
| Operating Expenses | 1,062,000,000 | 1,048,000,000 | 1,011,000,000 | 966,000,000 |
| Operating Income | 631,000,000 | 343,000,000 | 291,000,000 | 203,000,000 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Income Before Tax | 892,000,000 | 308,000,000 | 1,079,000,000 | -770,000,000 |
| Income Tax Expense | 149,000,000 | 44,000,000 | 173,000,000 | -88,000,000 |
| Net Income | 743,000,000 | 264,000,000 | 906,000,000 | -682,000,000 |
| Per Share | ||||
| EPS | 0.58 | 0.20 | 0.70 | -0.53 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 11,556,000,000 | 8,880,000,000 | 7,060,000,000 | 5,599,864,000 |
| Cost of Revenue | 6,001,000,000 | 4,408,000,000 | 3,545,000,000 | 2,845,745,000 |
| Gross Profit | 5,555,000,000 | 4,472,000,000 | 3,515,000,000 | 2,754,119,000 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 2,134,000,000 | 1,803,000,000 | 1,711,000,000 | 1,938,255,000 |
| Operating Expenses | 4,087,000,000 | 3,397,000,000 | 4,933,000,000 | 3,576,418,000 |
| Operating Income | 1,468,000,000 | 1,075,000,000 | -1,418,000,000 | -822,299,000 |
| Interest Expense | 0 | 0 | 0 | 1,150,000 |
| Income Before Tax | 1,509,000,000 | 2,228,000,000 | 185,000,000 | -3,622,848,000 |
| Income Tax Expense | 278,000,000 | 209,000,000 | 53,000,000 | -162,430,000 |
| Net Income | 1,231,000,000 | 2,019,000,000 | 132,000,000 | -3,460,418,000 |
| Per Share | ||||
| EPS | 0.95 | 1.56 | 0.10 | -2.73 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | 1,542,188,331 | 1,498,000,000 | 1,413,000,000 | 1,649,328,000 |
| Short Term Investments | 4,225,296,574 | 3,981,000,000 | 3,595,000,000 | 3,403,622,000 |
| Net Receivables | 2,313,781,587 | 1,655,000,000 | 1,155,000,000 | 857,864,000 |
| Inventory | 20,961,783 | 26,000,000 | 0 | 0 |
| Total Current Assets | 8,228,997,156 | 7,254,000,000 | 6,275,000,000 | 6,050,473,000 |
| Property Plant Equipment | 140,743,401 | 140,000,000 | 147,000,000 | 485,966,000 |
| Goodwill and Intangibles | 520,051,857 | 474,000,000 | 456,000,000 | 2,226,430,000 |
| Total Assets | 15,161,358,298 | 13,924,000,000 | 11,299,000,000 | 10,757,151,000 |
| Liabilities | ||||
| Account Payables | 568,962,685 | 360,000,000 | 364,000,000 | 532,569,000 |
| Short Term Debt | 16,969,062 | 936,000,000 | 17,000,000 | 18,161,000 |
| Total Current Liabilities | 1,389,466,768 | 1,956,000,000 | 898,000,000 | 856,008,000 |
| Long Term Debt | 341,377,610 | 190,000,000 | 1,133,000,000 | 1,378,447,000 |
| Total Liabilities | 1,712,877,137 | 2,366,000,000 | 2,233,000,000 | 2,518,262,000 |
| Shareholders Equity | ||||
| Retained Earnings | 2,854,795,229 | 1,629,000,000 | -390,000,000 | -522,276,000 |
| Total Shareholders Equity | 13,448,481,160 | 11,558,000,000 | 9,066,000,000 | 8,238,889,000 |
| Balance Sheet (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | 1,542,188,331 | 1,498,000,000 | 1,413,000,000 | 1,649,328,000 |
| Short Term Investments | 4,225,296,574 | 3,981,000,000 | 3,595,000,000 | 3,403,622,000 |
| Net Receivables | 2,313,781,587 | 1,655,000,000 | 1,155,000,000 | 857,864,000 |
| Inventory | 20,961,783 | 26,000,000 | 0 | 0 |
| Total Current Assets | 8,228,997,156 | 7,254,000,000 | 6,275,000,000 | 6,050,473,000 |
| Property Plant Equipment | 140,743,401 | 140,000,000 | 147,000,000 | 485,966,000 |
| Goodwill and Intangibles | 520,051,857 | 474,000,000 | 456,000,000 | 2,226,430,000 |
| Total Assets | 15,161,358,298 | 13,924,000,000 | 11,299,000,000 | 10,757,151,000 |
| Liabilities | ||||
| Account Payables | 568,962,685 | 360,000,000 | 364,000,000 | 532,569,000 |
| Short Term Debt | 16,969,062 | 936,000,000 | 17,000,000 | 18,161,000 |
| Total Current Liabilities | 1,389,466,768 | 1,956,000,000 | 898,000,000 | 856,008,000 |
| Long Term Debt | 341,377,610 | 190,000,000 | 1,133,000,000 | 1,378,447,000 |
| Total Liabilities | 1,712,877,137 | 2,366,000,000 | 2,233,000,000 | 2,518,262,000 |
| Shareholders Equity | ||||
| Retained Earnings | 2,854,795,229 | 1,629,000,000 | -390,000,000 | -522,276,000 |
| Total Shareholders Equity | 13,448,481,160 | 11,558,000,000 | 9,066,000,000 | 8,238,889,000 |
| Cash Flow Statement (Quarterly) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 1,231,000,000 | 2,019,000,000 | 132,000,000 | -3,460,418,000 |
| Depreciation & Amortization | 31,000,000 | 36,000,000 | 70,000,000 | 90,520,000 |
| Stock Based Compensation | 449,000,000 | 430,000,000 | 615,000,000 | 549,142,000 |
| Change in Working Capital | -117,000,000 | -166,000,000 | 195,000,000 | -98,271,000 |
| Operating Cash Flow | 2,033,000,000 | 1,616,000,000 | 944,000,000 | -136,448,000 |
| Investing Activities | ||||
| Capital Expenditure | -26,000,000 | -19,000,000 | -39,000,000 | -50,018,000 |
| Investments | -26,000,000 | -19,000,000 | -39,000,000 | -50,018,000 |
| Investing Cash Flow | -1,190,000,000 | -1,586,000,000 | -1,244,000,000 | -718,567,000 |
| Financing Activities | ||||
| Debt Repayment | 0 | 0 | 0 | 0 |
| Common Stock Issued/Repurchased | 0 | 58,071,164 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -811,000,000 | 61,000,000 | 60,000,000 | 17,549,000 |
| Summary | ||||
| Free Cash Flow | 2,007,000,000 | 1,597,000,000 | 905,000,000 | -186,466,000 |
| Net Change in Cash | 47,000,000 | 85,000,000 | -236,000,000 | -853,664,000 |
| Cash Flow Statement (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 1,231,000,000 | 2,019,000,000 | 132,000,000 | -3,460,418,000 |
| Depreciation & Amortization | 31,000,000 | 36,000,000 | 70,000,000 | 90,520,000 |
| Stock Based Compensation | 449,000,000 | 430,000,000 | 615,000,000 | 549,142,000 |
| Change in Working Capital | -117,000,000 | -166,000,000 | 195,000,000 | -98,271,000 |
| Operating Cash Flow | 2,033,000,000 | 1,616,000,000 | 944,000,000 | -136,448,000 |
| Investing Activities | ||||
| Capital Expenditure | -26,000,000 | -19,000,000 | -39,000,000 | -50,018,000 |
| Investments | -26,000,000 | -19,000,000 | -39,000,000 | -50,018,000 |
| Investing Cash Flow | -1,190,000,000 | -1,586,000,000 | -1,244,000,000 | -718,567,000 |
| Financing Activities | ||||
| Debt Repayment | 0 | 0 | 0 | 0 |
| Common Stock Issued/Repurchased | 0 | 58,071,164 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -811,000,000 | 61,000,000 | 60,000,000 | 17,549,000 |
| Summary | ||||
| Free Cash Flow | 2,007,000,000 | 1,597,000,000 | 905,000,000 | -186,466,000 |
| Net Change in Cash | 47,000,000 | 85,000,000 | -236,000,000 | -853,664,000 |