Shopify financials
$148.26+2.95%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q4 '22 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.58B | $3.17B | $3.67B | $2.84B | $2.68B | $2.36B | $2.81B | $2.16B | $2.04B | $1.86B | — | — |
| Gross profit | $1.71B | $1.55B | $1.69B | $1.39B | $1.30B | $1.17B | $1.35B | $1.12B | $1.04B | $957.0M | — | — |
| Gross margin | 47.7% | 48.8% | 46.1% | 48.9% | 48.6% | 49.5% | 48.1% | 51.7% | 51.1% | 51.4% | — | — |
| Operating income | $488.0M | $382.0M | $631.0M | $343.0M | $291.0M | $203.0M | $465.0M | $283.0M | $241.0M | $86.0M | — | — |
| Net income | $1.50B | -$581.0M | $743.0M | $264.0M | $906.0M | -$682.0M | $1.29B | $828.0M | $171.0M | -$273.0M | — | — |
| Net margin | 41.9% | −18.3% | 20.2% | 9.3% | 33.8% | −28.9% | 46.0% | 38.3% | 8.4% | −14.7% | — | — |
| Diluted EPS | $1.16 | $-0.45 | $0.57 | $0.20 | $0.69 | $-0.53 | $0.98 | $0.64 | $0.13 | $-0.21 | — | — |
| EBITDA | $495.0M | $389.0M | $638.0M | $351.0M | $299.0M | $211.0M | $473.0M | $291.0M | $251.0M | $96.0M | $0.00 | $0.00 |
| Operating cash flow | $658.0M | $481.0M | $725.0M | $513.0M | $428.0M | $367.0M | $615.0M | $423.0M | $340.0M | $238.0M | — | — |
| Free cash flow | $654.0M | $476.0M | $715.0M | $507.0M | $422.0M | $363.0M | $611.0M | $421.0M | $333.0M | $232.0M | — | — |
| Diluted shares | 1,297.9M | 1,303.4M | 1,302.6M | 1,312.9M | 1,309.0M | 1,295.4M | 1,317.1M | 1,301.6M | 1,299.9M | 1,287.4M | 1,295.5M | 1,266.3M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.66B | $1.85B | $1.54B | $2.41B | $1.54B | $1.31B |
| Short-term investments | $3.29B | $3.90B | $4.23B | $3.94B | $4.28B | $4.21B |
| Total debt | $0.00 | $0.00 | $0.00 | $920.0M | $919.0M | $919.0M |
| Total assets | $14.47B | $14.12B | $15.19B | $15.04B | $14.56B | $13.40B |
| Total liabilities | $1.79B | $1.62B | $1.72B | $2.53B | $2.44B | $2.35B |
| Shareholders' equity | $12.68B | $12.50B | $13.47B | $12.51B | $12.12B | $11.05B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology