What is Shopify's revenue?

Shopify (SHOP) generated $12.4B in revenue over the trailing twelve months, up 31.9% year over year.

Is Shopify profitable?

Shopify reported $1.3B in net income over the trailing twelve months, a 10.8% net margin.

What are Shopify's profit margins?

Gross margin is 48.0% and operating margin is 13.3%, with a 10.8% net margin.

What is Shopify's earnings per share?

Shopify's diluted EPS over the trailing twelve months is $1.01.

Where does Shopify's income statement data come from?

Every line is extracted from Shopify's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Shopify SHOP Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Total revenue	$3.17B-13.7%	$3.67B+29.1%	$2.84B+6.1%	$2.68B+13.6%	$2.36B-16.1%
Total cost of revenue	$1.62B-17.9%	$1.98B+36.2%	$1.45B+5.4%	$1.38B+15.7%	$1.19B-18.4%
Gross profit	$1.55B-8.7%	$1.69B+21.7%	$1.39B+6.8%	$1.3B+11.4%	$1.17B-13.5%
Gross margin	48.8%+2.7pp	46.1%-2.8pp	48.9%+0.3pp	48.6%-1.0pp	49.5%+1.5pp
Research and development	$437M+12.1%	$390M+4.0%	$375M-4.8%	$394M+4.5%	$377M+7.4%
Selling and marketing	$496M+14.5%	$433M+5.6%	$410M-1.2%	$415M+2.5%	$405M+16.4%
General and administrative	$115M-8.0%	$125M+8.7%	$115M-5.7%	$122M+11.9%	$109M-2.7%
Total operating expenses	$1.16B+9.6%	$1.06B+1.3%	$1.05B+3.7%	$1.01B+4.7%	$966M+8.9%
Operating income	$382M-39.5%	$631M+84.0%	$343M+17.9%	$291M+43.3%	$203M-56.3%
Operating margin	12.1%-5.1pp	17.2%+5.1pp	12.1%+1.2pp	10.9%+2.3pp	8.6%-7.9pp
Other income (expense), net	-$1.02B-489%	$261M+846%	-$35M-104%	$788M+181%	-$973M-202%
Income before income taxes	——	$377.25M0.0%	$377.25M0.0%	$377.25M0.0%	$377.25M-32.3%
Income tax expense	-$53M-136%	$149M+239%	$44M-74.6%	$173M+297%	-$88M-169%
Net income	-$581M-178%	$743M+181%	$264M-70.9%	$906M+233%	-$682M-153%
Net margin	-18.3%-38.6pp	20.2%+11.0pp	9.3%-24.5pp	33.8%+62.7pp	-28.9%-74.9pp
Diluted earnings per share	-$0.45-179%	$0.57+185%	$0.20-71.0%	$0.69+230%	-$0.53-154%
EBITDA	$389M-39.0%	$638M+81.8%	$351M+17.4%	$299M+41.7%	$211M-55.4%
EBITDA margin	12.3%-5.1pp	17.4%+5.0pp	12.3%+1.2pp	11.2%+2.2pp	8.9%-7.9pp
EBIT	$382M-39.5%	$631M+84.0%	$343M+17.9%	$291M+43.3%	$203M-56.3%

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Questions, answered.

What is Shopify's revenue?: Shopify (SHOP) generated $12.4B in revenue over the trailing twelve months, up 31.9% year over year.
Is Shopify profitable?: Shopify reported $1.3B in net income over the trailing twelve months, a 10.8% net margin.
What are Shopify's profit margins?: Gross margin is 48.0% and operating margin is 13.3%, with a 10.8% net margin.
What is Shopify's earnings per share?: Shopify's diluted EPS over the trailing twelve months is $1.01.
Where does Shopify's income statement data come from?: Every line is extracted from Shopify's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.