Shopify Inc. (SHOP) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Shopify reported revenue of $11.56B, up 30.1% from $8.88B the year before. Net income was $1.23B (a 10.7% net margin), or $0.94 per diluted share. Gross margin was 48.1% and operating margin was 12.7%. Operating activities generated $2.03B of cash, leaving $2.01B of free cash flow. At fiscal year end, Shopify held $15.19B in total assets against $1.72B in total liabilities, including $1.54B of cash and equivalents.
Open the full interactive Shopify financials → Quarterly statements, key ratios, valuation history and price charts.
Shopify Key Stats
| Share Price | $176.52 |
|---|---|
| Market Cap | $229.11B |
| P/E Ratio | 187.8 |
| Revenue YoY Growth | +30.1% |
| 52-Week Range | $95.40 – $179.22 |
| Shares Outstanding | 1.30 billion (basic, 2026 Q2) |
Shopify Income Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Revenue | $8.88B | $11.56B |
| Cost of Goods Sold | $4.41B | $6.00B |
| Gross Profit | $4.47B | $5.55B |
| Operating Income | $1.07B | $1.47B |
| Pre-Tax Income | $2.23B | $1.51B |
| Income Tax | $209.0M | $278.0M |
| Net Income | $2.02B | $1.23B |
| Diluted EPS | $1.55 | $0.94 |
Shopify Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.84B | $3.67B | $3.17B | $3.58B |
| Net Income | $264.0M | $743.0M | -$581.0M | $1.50B |
| Diluted EPS | $0.20 | $0.57 | -$0.45 | $1.16 |
Shopify Balance Sheet
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash & Equivalents | $1.50B | $1.54B |
| Current Assets | $7.25B | $8.30B |
| Total Assets | $13.92B | $15.19B |
| Current Liabilities | $1.96B | $1.39B |
| Total Liabilities | $2.37B | $1.72B |
| Shareholders' Equity | $11.56B | $13.47B |
Shopify Cash Flow Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash From Operations | $1.62B | $2.03B |
| Cash From Investing | -$1.59B | -$1.19B |
| Cash From Financing | $61.0M | -$811.0M |
| Free Cash Flow | $1.60B | $2.01B |
Figures from Shopify's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Shopify financials page for every line item.
Shopify Company Profile
| Ticker | SHOP |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Ottawa |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001594805 |
Frequently Asked Questions
What was Shopify's revenue in fiscal 2025?
Shopify (SHOP) reported revenue of $11.56B for fiscal 2025.
What was Shopify's net income in fiscal 2025?
Shopify reported net income of $1.23B for fiscal 2025.
What was Shopify's earnings per share (EPS) in fiscal 2025?
Shopify's diluted EPS was $0.94 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Shopify generate in fiscal 2025?
Shopify generated $2.01B of free cash flow in fiscal 2025.
What was Shopify's revenue last quarter?
In its most recent reported quarter (2026 Q2), Shopify reported revenue of $3.58B.
How many shares of Shopify are outstanding?
Shopify reported a weighted average of 1.30 billion basic shares outstanding in 2026 Q2.
What is Shopify's market cap?
Based on its latest closing price, Shopify (SHOP) has a market capitalization of about $229.11B.
When does Shopify's fiscal year end?
Shopify's fiscal year end, as registered with the SEC, is December 31.
Where is Shopify headquartered?
Shopify lists its business address in Ottawa in its SEC filings.