Shopify Inc
SHOP
NASDAQ
Technology
$144.24
USD
+20.94 (+16.98%)
At close: Aug 5, 2026, 4:00 PM EDT
Market Cap $190.55B
Volume 40.6M
Revenue
$13.27B
TTM
+32.5%
YoY
Gross Margin
48%
TTM
-3.2%
YoY
Net Income
$1.93B
TTM
-17.8%
YoY
Operating Cash Flow
$2.38B
TTM
+29.7%
YoY
Revenue & Net Income
USD Millions
Margins Trend
Percent of revenue
Income Statement Detail
USD Millions, except per-share and share count figures
Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|
Revenue | 2,680.0 | 2,844.0 | 3,672.0 | 3,170.0 | 3,583.0 |
YoY Growth | +31.1% | +31.5% | +30.6% | +34.3% | +33.7% |
Cost of Revenue | 1,378.0 | 1,453.0 | 1,979.0 | 1,624.0 | 1,875.0 |
Gross Profit | 1,302.0 | 1,391.0 | 1,693.0 | 1,546.0 | 1,708.0 |
Selling, General & Administrative | 537.0 | 525.0 | 558.0 | 611.0 | 634.0 |
Other Operating Expenses | 80.0 | 148.0 | 114.0 | 116.0 | 141.0 |
Total Operating Expenses | 1,011.0 | 1,048.0 | 1,062.0 | 1,164.0 | 1,220.0 |
Operating Income | 291.0 | 343.0 | 631.0 | 382.0 | 488.0 |
EBITDA | 299.0 | 351.0 | 638.0 | 389.0 | 495.0 |
Other Income / Expense | 682.0 | -116.0 | 182.0 | -1,091.0 | 1,221.0 |
Total Other Income / Expense | 788.0 | -35.0 | 261.0 | -1,016.0 | 1,287.0 |
Income Before Income Taxes | 1,079.0 | 308.0 | 892.0 | -634.0 | 1,775.0 |
Income Taxes | 173.0 | 44.0 | 149.0 | -53.0 | 273.0 |
Net Income | 906.0 | 264.0 | 743.0 | -581.0 | 1,502.0 |
Consolidated Net Income / Loss | 906.0 | 264.0 | 743.0 | -581.0 | 1,502.0 |
Net Income Attributable to Common Shareholders | 906.0 | 264.0 | 743.0 | -581.0 | 1,502.0 |
Basic EPS | $0.70 | $0.20 | $0.57 | -$0.45 | $1.16 |
Diluted EPS | $0.69 | $0.20 | $0.57 | -$0.45 | $1.16 |
Basic Shares Outstanding | 1,297.7M | 1,300.1M | 1,299.0M | 1,303.4M | 1,295.2M |
Diluted Shares Outstanding | 1,309.0M | 1,312.9M | 1,305.0M | 1,303.4M | 1,297.9M |