SHOP
Shopify Inc.
$119.22
-2.66 (-2.18%)
At close · Jul 8
Market Cap
$154.71B
Shares
1,297,654,610
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
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 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $12.37B | $11.56B | $8.88B | $7.06B | $4.61B | $2.93B | $1.58B | $1.07B | — | — | — | |
| $6.43B | $6B | $4.41B | $3.55B | $2.13B | $1.39B | $712.53M | $476.96M | — | — | — | |
| $5.93B | $5.56B | $4.47B | $3.52B | $2.48B | $1.54B | $865.64M | $596.27M | $380.25M | $209.5M | $111.07M | |
| — | 48.07% | 50.36% | 49.79% | 53.8% | 52.62% | 54.85% | 55.56% | — | — | — | |
| $1.6B | $1.54B | $1.37B | $1.73B | $854.38M | $552.13M | $355.02M | $230.67M | $136M | $74.34M | $39.72M | |
| $1.75B | $1.66B | $1.39B | $1.22B | $901.56M | $602.05M | $472.84M | $350.07M | $225.69M | $129.21M | $70.37M | |
| $477M | $471M | $410M | $491M | $374.84M | $245.34M | $178.93M | $107.44M | $67.72M | $43.11M | $18.73M | |
| — | $13M | $14M | $38M | $24.48M | $31.87M | $18.87M | $10.14M | $6.8M | $3.58M | $1.51M | |
| $30M | $31M | $36M | $70M | $66.31M | $70.06M | $35.65M | $27.05M | $23.38M | $13.97M | $7.24M | |
| $4.29B | $4.09B | $3.4B | $4.93B | $2.21B | $1.45B | $1.01B | $688.19M | $429.41M | $246.66M | $128.83M | |
| $1.65B | $1.47B | $1.08B | -$1.42B | $268.64M | $90.15M | -$141.15M | -$91.92M | -$49.16M | -$37.17M | -$17.76M | |
| — | 12.7% | 12.11% | -20.08% | 5.83% | 3.08% | -8.94% | -8.56% | — | — | — | |
| $1.68B | $1.5B | $1.11B | -$1.35B | $334.95M | $160.21M | -$105.5M | -$64.87M | -$25.78M | -$23.2M | -$10.52M | |
| — | — | — | $3.5M | $3.49M | $9.09M | — | — | — | — | — | |
| -$2M | $41M | $1.15B | $1.6B | $2.87B | $150.21M | $45.33M | $27.37M | $9.16M | $1.81M | -$1.03M | |
| -$38M | -$40M | -$138M | -$58M | — | — | — | — | — | — | — | |
| — | $1.51B | — | — | — | — | — | — | — | — | -$18.79M | |
| $313M | $278M | $209M | $53M | $225.93M | -$79.15M | $29.03M | $0 | $0 | $0 | $0 | |
| $1.33B | $1.23B | $2.02B | $132M | $2.91B | $319.51M | -$124.84M | -$64.55M | -$40M | -$35.36M | -$18.79M | |
| — | 10.65% | 22.74% | 1.87% | 63.2% | 10.91% | -7.91% | -6.01% | — | — | — | |
| $1.33B | $1.24B | $2.01B | $152M | $2.9B | $327.23M | -$111.58M | -$80.2M | -$34.74M | -$37.17M | -$18.79M | |
| USD/shares | — | $0.95 | $1.57 | $0.10 | $2.34 | $0.27 | — | — | — | — | — |
| USD/shares | — | $0.94 | $1.55 | $0.10 | $2.29 | $0.26 | — | — | — | — | — |
| shares | — | 1.3B | 1.29B | 1.28B | 1.25B | 1.2B | 1.13B | 1.06B | 957.75M | 839.89M | 617.16M |
| shares | — | 1.3B | 1.3B | 1.3B | 1.27B | 1.23B | 1.13B | 1.06B | 957.75M | 839.89M | 617.16M |
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.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
116.88×
Software - Application median 25.49×
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 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| 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)
105 filings
75 filers
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