SHOP · Shopify Inc.
Market Cap
$187.70B
Shares
1.29B
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Revenue
$11.56B
+30.1%
FY2025
Net Income
$1.23B
-39%
FY2025
Gross Margin
48.07%
-2.3pp
FY2025
Operating Margin
12.7%
+0.6pp
FY2025
Diluted EPS
$0.94
-39.4%
FY2025
Operating Cash Flow
$2.03B
+25.8%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $13.27B | $11.56B | $8.88B | $7.06B | $5.6B | $4.61B | $2.93B | $1.58B | $1.07B | $673.3M | — | — | — | — | |
| $6.93B | $6B | $4.41B | $3.55B | $2.85B | $2.13B | $1.39B | $712.53M | $476.96M | $293.05M | — | — | — | — | |
| $6.34B | $5.56B | $4.47B | $3.52B | $2.75B | $2.48B | $1.54B | $865.64M | $596.27M | $380.25M | $209.5M | $113.26M | $61.8M | $36.74M | |
| — | 48.07% | 50.36% | 49.79% | 49.18% | 53.8% | 52.62% | 54.85% | 55.56% | 56.48% | — | — | — | — | |
| $1.65B | $1.54B | $1.37B | $1.73B | $1.5B | $854.38M | $552.13M | $355.02M | $230.67M | $136M | $74.34M | $39.72M | $25.92M | $13.68M | |
| $1.84B | $1.66B | $1.39B | $1.22B | $1.23B | $901.56M | $602.05M | $472.84M | $350.07M | $225.69M | $129.21M | $70.37M | $45.93M | $23.35M | |
| $491M | $471M | $410M | $491M | $708M | $374.84M | $245.34M | $153.77M | $107.44M | $67.72M | $43.11M | $20.92M | $11.57M | $3.98M | |
| — | $13M | $14M | $38M | $54M | $24.48M | $31.87M | $18.87M | $10.14M | $6.8M | $3.58M | $1.51M | $674K | $278K | |
| $29M | $31M | $36M | $70M | $93M | $66.31M | $70.06M | $35.65M | $27.05M | $23.38M | $13.97M | $7.24M | $4.67M | $1.76M | |
| $4.49B | $4.09B | $3.4B | $4.93B | $3.58B | $2.21B | $1.45B | $1.01B | $688.19M | $429.41M | $246.66M | $131.01M | $83.41M | $41.01M | |
| $1.84B | $1.47B | $1.08B | -$1.42B | -$822M | $268.64M | $90.15M | -$141.15M | -$91.92M | -$49.16M | -$37.17M | -$17.76M | -$21.62M | -$4.27M | |
| — | 12.7% | 12.11% | -20.08% | -14.68% | 5.83% | 3.08% | -8.94% | -8.56% | -7.3% | — | — | — | — | |
| $1.87B | $1.5B | $1.11B | -$1.35B | -$729M | $334.95M | $160.21M | -$105.5M | -$64.87M | -$25.78M | -$23.2M | -$10.52M | -$16.94M | -$2.51M | |
| — | — | — | — | $3.5M | $3.49M | $9.09M | $0 | — | — | — | — | — | — | |
| $497M | $41M | $1.15B | $1.6B | -$2.8B | $2.87B | $150.21M | $45.33M | $27.37M | $9.16M | $1.81M | -$1.03M | -$696K | -$568K | |
| -$36M | -$40M | -$138M | -$58M | $0 | — | — | — | — | — | — | — | — | — | |
| — | $1.51B | $2.23B | $185M | — | — | — | — | — | — | — | -$18.79M | -$22.31M | -$4.84M | |
| $413M | $278M | $209M | $53M | -$163M | $225.93M | -$79.15M | $29.03M | $0 | $0 | $0 | $0 | $0 | $0 | |
| $1.93B | $1.23B | $2.02B | $132M | -$3.46B | $2.91B | $319.51M | -$124.84M | -$64.55M | -$40M | -$35.36M | -$18.79M | -$22.31M | -$4.84M | |
| — | 10.65% | 22.74% | 1.87% | -61.79% | 63.2% | 10.91% | -7.91% | -6.01% | -5.94% | — | — | — | — | |
| $1.92B | $1.24B | $2.01B | $152M | -$3.47B | $2.9B | $327.23M | -$111.58M | -$80.2M | -$34.74M | -$37.17M | -$18.79M | -$22.31M | -$4.84M | |
| USD/shares | $1.49 | $0.95 | $1.57 | $0.10 | -$2.73 | $2.34 | $0.27 | -$0.11 | — | — | — | — | — | — |
| USD/shares | $1.49 | $0.94 | $1.55 | $0.10 | -$2.73 | $2.29 | $0.26 | -$0.11 | — | — | — | — | — | — |
| shares | — | 1.3B | 1.29B | 1.28B | 1.27B | 1.25B | 1.2B | 1.13B | 1.06B | 957.75M | 839.89M | 617.16M | 389.4M | 372.49M |
| shares | — | 1.3B | 1.3B | 1.3B | 1.27B | 1.27B | 1.23B | 1.13B | 1.06B | 957.75M | 839.89M | 617.16M | 389.4M | 372.49M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Coverage backlog: 14 eligible filings and 0 covenant artifacts have no current-version terminal extraction result. This includes untouched sources and sources on the retry ladder.
No terminal debt extraction result is available yet; this is not evidence that the company has no debt.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Peer median 5.85×
EV/EBIT
—
Peer median 22.94×
P/E (TTM)
97.91×
Peer median 25.50×
Peer medians compare against the 18 similar-size Software - Application companies (of 203 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Service | $8,804,000,000 | $6,530,000,000 | $5,223,000,000 | $4,112,000,000 |
| Subscription And Circulation | $2,752,000,000 | $2,350,000,000 | $1,837,000,000 | $1,488,000,000 |
Key facts
CIK
1594805
CUSIP
82509L107
13F (30d)
893 filings
857 filers
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