Shopify (SHOP)
Runs storefront, checkout, payment, and point-of-sale infrastructure for merchants.
$147.71
After hours−0.03 (−0.02%)
At close$147.74(+7.12%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,714 | 2,144 | 1,861 | 2,045 | 2,162 | 2,812 | 2,360 | 2,680 | 2,844 | 3,672 | 3,170 | 3,583 |
| Cost of revenue | 813 | 1,082 | 904 | 1,000 | 1,044 | 1,460 | 1,191 | 1,378 | 1,453 | 1,979 | 1,624 | 1,875 |
| Gross profit | 901 | 1,062 | 957 | 1,045 | 1,118 | 1,352 | 1,169 | 1,302 | 1,391 | 1,693 | 1,546 | 1,708 |
| 779 | 773 | 871 | 804 | 835 | 887 | 966 | 1,011 | 1,048 | 1,062 | 1,164 | 1,220 | |
| Research & development | 313 | 311 | 335 | 349 | 332 | 351 | 377 | 394 | 375 | 390 | 437 | 445 |
| 432 | 417 | 485 | 413 | 445 | 460 | 514 | 537 | 525 | 558 | 611 | 634 | |
| Selling & marketing | 295 | 317 | 361 | 353 | 331 | 348 | 405 | 415 | 410 | 433 | 496 | 498 |
| General & administrative | 137 | 100 | 124 | 60 | 114 | 112 | 109 | 122 | 115 | 125 | 115 | 136 |
| Other expenses | 34 | 45 | 51 | 42 | 58 | 76 | 75 | 80 | 148 | 114 | 116 | 141 |
| Operating income | 122 | 289 | 86 | 241 | 283 | 465 | 203 | 291 | 343 | 631 | 382 | 488 |
| 606 | 393 | −342 | −38 | 577 | 956 | −973 | 788 | −35 | 261 | −1,016 | 1,287 | |
| Interest income | 63 | 68 | 79 | 80 | 77 | 72 | 65 | 106 | 81 | 79 | 75 | 66 |
| Other non-operating income | 0 | −393 | 342 | −42 | −58 | −76 | −75 | −80 | 35 | 120 | 1,016 | 1,221 |
| Income before tax | 728 | 682 | −256 | 203 | 860 | 1,421 | −770 | 1,079 | 308 | 892 | −634 | 1,775 |
| Income tax expense | 10 | 25 | 17 | 32 | 32 | 128 | −88 | 173 | 44 | 149 | −53 | 273 |
| Net income from continuing operations | 718 | 657 | −273 | 171 | 828 | 1,293 | −682 | 906 | 264 | 743 | −581 | 1,502 |
| Net income | 718 | 657 | −273 | 171 | 828 | 1,293 | −682 | 906 | 264 | 743 | −581 | 1,502 |
| EPS, basic | $0.56 | $0.51 | −$0.21 | $0.13 | $0.64 | $1.00 | −$0.53 | $0.70 | $0.20 | $0.58 | −$0.45 | $1.16 |
| EPS, diluted | $0.55 | $0.51 | −$0.21 | $0.13 | $0.64 | $1.00 | −$0.53 | $0.69 | $0.20 | $0.58 | −$0.45 | $1.16 |
| Weighted average shares, basic | 1,283 | 1,285 | 1,287 | 1,289 | 1,291 | 1,295 | 1,295 | 1,298 | 1,300 | 1,299 | 1,303 | 1,295 |
| Weighted average shares, diluted | 1,296 | 1,297 | 1,287 | 1,300 | 1,302 | 1,295 | 1,295 | 1,309 | 1,313 | 1,305 | 1,303 | 1,298 |
| EBITDA | 135 | 692 | −246 | 293 | 349 | 549 | 286 | 379 | 316 | 518 | −627 | −726 |
| Depreciation & amortization | 13 | 10 | 10 | 10 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 |
| EBIT | 122 | 682 | −256 | 283 | 341 | 541 | 278 | 371 | 308 | 511 | −634 | −733 |