Shopify Inc.
NYSE:SHOP
119.2 (USD) • At close February 4, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q3 | 2014 Q2 | 2014 Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 2,162 | 2,044.578 | 1,861 | 2,144 | 1,714 | 1,694 | 1,508 | 1,734.978 | 1,366.2 | 1,295.063 | 1,203.623 | 1,380.024 | 1,123.74 | 1,119.445 | 988.647 | 977.744 | 767.405 | 714.341 | 470.001 | 505.16 | 390.552 | 361.979 | 320.482 | 343.862 | 270.064 | 244.963 | 214.34 | 222.814 | 171.456 | 151.655 | 127.379 | 130.383 | 99.578 | 86.647 | 72.722 | 70.173 | 52.786 | 44.926 | 37.348 | 35.182 | 27.346 | 23.68 | 18.81 |
| Cost of Revenue
| 1,044 | 999.794 | 904 | 1,082 | 813 | 859 | 791 | 936.47 | 703.868 | 639.421 | 565.986 | 687.365 | 514.831 | 498.585 | 429.931 | 473.356 | 362.257 | 339.307 | 213.051 | 241.269 | 173.856 | 157.214 | 140.191 | 158.119 | 120.337 | 108.008 | 90.498 | 101.669 | 71.429 | 64.815 | 55.138 | 62.248 | 47.123 | 40.481 | 33.451 | 34.663 | 24.043 | 19.674 | 15.782 | 15.569 | 11.107 | 9.365 | 7.182 |
| Gross Profit
| 1,118 | 1,044.784 | 957 | 1,062 | 901 | 835 | 717 | 798.508 | 662.332 | 655.642 | 637.637 | 692.659 | 608.909 | 620.86 | 558.716 | 504.388 | 405.148 | 375.034 | 256.95 | 263.891 | 216.696 | 204.765 | 180.291 | 185.743 | 149.727 | 136.955 | 123.842 | 121.145 | 100.027 | 86.84 | 72.241 | 68.135 | 52.455 | 46.166 | 39.271 | 35.51 | 28.743 | 25.252 | 21.566 | 19.613 | 16.239 | 14.315 | 11.628 |
| Gross Profit Ratio
| 0.517 | 0.511 | 0.514 | 0.495 | 0.526 | 0.493 | 0.475 | 0.46 | 0.485 | 0.506 | 0.53 | 0.502 | 0.542 | 0.555 | 0.565 | 0.516 | 0.528 | 0.525 | 0.547 | 0.522 | 0.555 | 0.566 | 0.563 | 0.54 | 0.554 | 0.559 | 0.578 | 0.544 | 0.583 | 0.573 | 0.567 | 0.523 | 0.527 | 0.533 | 0.54 | 0.506 | 0.545 | 0.562 | 0.577 | 0.557 | 0.594 | 0.605 | 0.618 |
| Reseach & Development Expenses
| 332 | 349 | 335 | 311 | 313 | 648 | 458 | 440.547 | 412.359 | 346.667 | 303.661 | 273.912 | 221.028 | 183.557 | 175.886 | 159.077 | 143.427 | 133.227 | 116.396 | 102.753 | 90.387 | 85.52 | 76.355 | 67.024 | 61.629 | 54.305 | 47.716 | 40.339 | 36.35 | 32.714 | 26.594 | 24.472 | 19.462 | 16.732 | 13.67 | 13.541 | 10.068 | 8.8 | 7.313 | 6.619 | 6.563 | 6.647 | 6.086 |
| General & Administrative Expenses
| 114 | 60 | 124 | 100 | 137 | 131 | 123 | 214.651 | 255.125 | 129.901 | 108.088 | 101.054 | 128.722 | 77.966 | 67.102 | 65.395 | 51.799 | 83.307 | 44.842 | 59.154 | 45.421 | 39.655 | 34.704 | 33.014 | 27.831 | 25.924 | 20.675 | 19.745 | 18.039 | 15.161 | 14.774 | 13.952 | 9.705 | 8.68 | 7.305 | 5.961 | 4.759 | 3.822 | 4.189 | 5.28 | 2.352 | 2.138 | 1.796 |
| Selling & Marketing Expenses
| 331 | 353 | 361 | 317 | 295 | 321 | 287 | 297.741 | 302.476 | 326.902 | 303.371 | 275.475 | 237.949 | 201.91 | 186.223 | 154.728 | 147.608 | 144.85 | 154.862 | 132.063 | 116.546 | 119.21 | 105.022 | 95.163 | 91.635 | 87.487 | 75.784 | 67.174 | 58.314 | 54.872 | 45.334 | 39.016 | 32.777 | 29.413 | 28.008 | 22.527 | 18.216 | 16.091 | 13.54 | 12.209 | 11.433 | 12.569 | 9.718 |
| SG&A
| 445 | 413 | 485 | 417 | 432 | 452 | 410 | 512.392 | 557.601 | 456.803 | 411.459 | 376.529 | 366.671 | 279.876 | 253.325 | 220.123 | 199.407 | 228.157 | 199.704 | 191.217 | 161.967 | 158.865 | 139.726 | 128.177 | 119.466 | 113.411 | 96.459 | 86.919 | 76.353 | 70.033 | 60.108 | 52.968 | 42.482 | 38.093 | 35.313 | 28.488 | 22.975 | 19.913 | 17.729 | 17.489 | 13.785 | 14.707 | 11.514 |
| Other Expenses
| 58 | 42 | -342 | 0 | 0 | 335 | 42 | 34.318 | 37.738 | 42.38 | 20.493 | -503.123 | 25.311 | 779.874 | 0 | -2.788 | 0 | 4.084 | 14.083 | 11.539 | 0 | 0 | 11.639 | 7.944 | 8.184 | 6.808 | 4.431 | 3.126 | 3.296 | 1.877 | 0.863 | 0.438 | 0.369 | 0.22 | 0.783 | 0.212 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses
| 835 | 804 | 871 | 773 | 779 | 1,131 | 910 | 987.257 | 1,007.698 | 845.85 | 735.613 | 678.255 | 613.01 | 481.419 | 439.817 | 391.847 | 354.587 | 374.75 | 330.183 | 293.97 | 252.354 | 244.385 | 216.081 | 195.201 | 181.095 | 167.716 | 144.175 | 127.258 | 112.703 | 102.747 | 86.702 | 77.44 | 61.944 | 54.825 | 48.983 | 42.029 | 33.043 | 28.713 | 25.042 | 24.108 | 20.348 | 21.354 | 17.6 |
| Operating Income
| 283 | 241 | 86 | 204.5 | 122 | -1,636 | -193 | -188.749 | -345.366 | -190.208 | -97.976 | 14.404 | -4.101 | 139.441 | 118.899 | 112.541 | 50.561 | 0.284 | -73.233 | -30.079 | -35.658 | -39.62 | -35.79 | -9.458 | -31.368 | -30.761 | -20.333 | -6.113 | -12.676 | -15.907 | -14.461 | -9.305 | -9.489 | -8.659 | -9.712 | -6.519 | -4.3 | -3.461 | -3.476 | -4.495 | -4.109 | -7.039 | -5.972 |
| Operating Income Ratio
| 0.131 | 0.118 | 0.046 | 0.095 | 0.071 | -0.966 | -0.128 | -0.109 | -0.253 | -0.147 | -0.081 | 0.01 | -0.004 | 0.125 | 0.12 | 0.115 | 0.066 | 0 | -0.156 | -0.06 | -0.091 | -0.109 | -0.112 | -0.028 | -0.116 | -0.126 | -0.095 | -0.027 | -0.074 | -0.105 | -0.114 | -0.071 | -0.095 | -0.1 | -0.134 | -0.093 | -0.081 | -0.077 | -0.093 | -0.128 | -0.15 | -0.297 | -0.317 |
| Total Other Income Expenses Net
| 577 | -38 | -342 | 200 | 504 | -1,184 | 269 | -425.859 | 149 | -1,008 | -1,575 | -503.123 | 1,344.553 | 779.874 | 1,250.645 | -2.788 | 124.053 | 4.084 | -0.974 | 11.539 | 3.813 | 6.209 | 11.639 | 7.944 | 8.184 | 6.808 | 4.431 | 3.126 | 3.296 | 1.877 | 0.863 | 0.438 | 0.369 | 0.22 | 0.783 | 0.212 | -0.357 | 0.165 | -1.054 | -0.303 | -0.159 | 0.159 | -0.393 |
| Income Before Tax
| 860 | 203 | -256 | 682 | 728 | -1,301 | 76 | -614.608 | -157.133 | -1,198.25 | -1,652.857 | -488.719 | 1,340.452 | 919.315 | 1,369.544 | 109.753 | 186.367 | 4.368 | -60.124 | -18.54 | -24.446 | -28.678 | -24.151 | -1.514 | -23.184 | -23.953 | -15.902 | -2.987 | -9.38 | -14.03 | -13.598 | -8.867 | -9.12 | -8.439 | -8.929 | -6.307 | -4.657 | -3.296 | -4.53 | -4.798 | -4.268 | -6.88 | -6.365 |
| Income Before Tax Ratio
| 0.398 | 0.099 | -0.138 | 0.318 | 0.425 | -0.768 | 0.05 | -0.354 | -0.115 | -0.925 | -1.373 | -0.354 | 1.193 | 0.821 | 1.385 | 0.112 | 0.243 | 0.006 | -0.128 | -0.037 | -0.063 | -0.079 | -0.075 | -0.004 | -0.086 | -0.098 | -0.074 | -0.013 | -0.055 | -0.093 | -0.107 | -0.068 | -0.092 | -0.097 | -0.123 | -0.09 | -0.088 | -0.073 | -0.121 | -0.136 | -0.156 | -0.291 | -0.338 |
| Income Tax Expense
| 32 | 32 | 17 | 25 | 10 | 10 | 8 | 9.086 | 1.276 | 5.657 | -178.449 | -117.408 | 192.02 | 40.222 | 111.099 | -14.119 | -4.701 | -31.63 | -28.695 | -19.311 | 48.338 | -10.942 | -18.471 | -5.848 | 0 | 0 | 0 | -7.758 | 0 | 0 | 0 | -4.44 | 0 | 0 | 0 | -2.202 | 0.357 | -0.165 | 1.054 | 0.303 | 0.159 | -0.159 | 0.393 |
| Net Income
| 828 | 171 | -273 | 657 | 718 | -1,311 | 68 | -624.636 | -158.409 | -1,203.907 | -1,474.408 | -371.311 | 1,148.432 | 879.093 | 1,258.445 | 123.872 | 191.068 | 35.998 | -31.429 | 0.771 | -72.784 | -28.678 | -24.151 | -1.514 | -23.184 | -23.953 | -15.902 | -2.987 | -9.38 | -14.03 | -13.598 | -8.867 | -9.12 | -8.439 | -8.929 | -6.307 | -4.657 | -3.296 | -4.53 | -4.798 | -4.268 | -6.88 | -6.365 |
| Net Income Ratio
| 0.383 | 0.084 | -0.147 | 0.306 | 0.419 | -0.774 | 0.045 | -0.36 | -0.116 | -0.93 | -1.225 | -0.269 | 1.022 | 0.785 | 1.273 | 0.127 | 0.249 | 0.05 | -0.067 | 0.002 | -0.186 | -0.079 | -0.075 | -0.004 | -0.086 | -0.098 | -0.074 | -0.013 | -0.055 | -0.093 | -0.107 | -0.068 | -0.092 | -0.097 | -0.123 | -0.09 | -0.088 | -0.073 | -0.121 | -0.136 | -0.156 | -0.291 | -0.338 |
| EPS
| 0.64 | 0.13 | -0.21 | 0.53 | 0.55 | -1.02 | 0.053 | -0.49 | -0.12 | -0.95 | -1.17 | -0.3 | 0.9 | 0.69 | 0.99 | 0.099 | 0.15 | 0.029 | -0.027 | 0.001 | -0.064 | -0.026 | -0.022 | -0.001 | -0.022 | -0.023 | -0.016 | -0.003 | -0.01 | -0.015 | -0.015 | -0.01 | -0.011 | -0.01 | -0.011 | -0.008 | -0.006 | -0.006 | -0.007 | -0.007 | -0.004 | -0.006 | -0.01 |
| EPS Diluted
| 0.64 | 0.13 | -0.21 | 0.52 | 0.55 | -1.02 | 0.053 | -0.49 | -0.12 | -0.95 | -1.17 | -0.3 | 0.9 | 0.69 | 0.99 | 0.099 | 0.15 | 0.029 | -0.027 | 0.001 | -0.064 | -0.026 | -0.022 | -0.001 | -0.022 | -0.023 | -0.016 | -0.003 | -0.01 | -0.015 | -0.015 | -0.01 | -0.011 | -0.01 | -0.011 | -0.008 | -0.006 | -0.006 | -0.007 | -0.007 | -0.004 | -0.006 | -0.01 |
| EBITDA
| 291 | 293 | 147 | 492 | 237 | -100 | -121 | -584.789 | -278 | -132 | -61 | -464.032 | 1,345.703 | 926.918 | 137.529 | 134.983 | 72.219 | 24.299 | -44.784 | -16.206 | -15.663 | -32.245 | -24.557 | -3.61 | -25.172 | -23.335 | -12.751 | 1.645 | -6.939 | -10.554 | -9.927 | -4.865 | -5.796 | -5.883 | -6.654 | -5.828 | -2.391 | -1.806 | -2.006 | -3.186 | -2.809 | -5.97 | -4.978 |
| EBITDA Ratio
| 0.135 | 0.143 | 0.052 | -0.035 | -0.244 | 0.463 | -0.253 | -0.109 | -0.218 | -0.125 | -0.063 | 0.01 | 0.012 | 0.14 | 0.139 | 0.115 | 0.094 | 0.031 | -0.131 | -0.06 | -0.068 | -0.086 | -0.11 | -0.028 | -0.093 | -0.095 | -0.059 | -0.027 | -0.04 | -0.07 | -0.078 | -0.071 | -0.058 | -0.068 | -0.091 | -0.093 | -0.037 | -0.043 | -0.025 | -0.081 | -0.096 | -0.258 | -0.243 |