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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$12.37B+7.0%	$11.56B+8.0%	$10.7B+6.8%	$10.01B+6.8%	$9.38B+5.6%
Total cost of revenue	$6.43B+7.2%	$6B+9.5%	$5.48B+8.1%	$5.07B+8.1%	$4.7B+6.5%
Gross profit	$5.93B+6.8%	$5.56B+6.5%	$5.21B+5.5%	$4.94B+5.5%	$4.68B+4.7%
Gross margin	48%-0.1pp	48.1%-0.7pp	48.7%-0.6pp	49.3%-0.6pp	49.9%-0.4pp
Research and development	$1.6B+3.9%	$1.54B+2.6%	$1.5B+3.0%	$1.45B+3.2%	$1.41B+3.1%
Selling and marketing	$1.75B+5.5%	$1.66B+5.4%	$1.58B+5.3%	$1.5B+4.3%	$1.44B+3.2%
General and administrative	$477M+1.3%	$471M+2.8%	$458M+0.2%	$457M+15.7%	$395M-3.7%
Total operating expenses	$4.29B+4.8%	$4.09B+4.5%	$3.91B+5.8%	$3.7B+5.9%	$3.49B+2.8%
Operating income	$1.65B+12.2%	$1.47B+12.7%	$1.3B+4.8%	$1.24B+4.2%	$1.19B+10.9%
Operating margin	13.3%+0.6pp	12.7%+0.5pp	12.2%-0.2pp	12.4%-0.3pp	12.7%+0.6pp
Other income (expense), net	-$2M-105%	$41M-94.4%	$736M-45.4%	$1.35B+158%	$522M-54.7%
Income before income taxes	——	$1.51B-10.6%	$1.69B-9.6%	$1.87B-8.8%	$2.05B-8.1%
Income tax expense	$313M+12.6%	$278M+8.2%	$257M+4.9%	$245M+136%	$104M-50.2%
Net income	$1.33B+8.2%	$1.23B-30.9%	$1.78B-24.1%	$2.35B+45.7%	$1.61B-20.3%
Net margin	10.8%+0.1pp	10.7%-6.0pp	16.7%-6.8pp	23.4%+6.3pp	17.2%-5.6pp
Diluted earnings per share	$1.01+8.6%	$0.93-31.1%	$1.35-24.6%	$1.79+45.5%	$1.23-20.6%
EBITDA	$1.68B+11.9%	$1.5B+12.4%	$1.33B+4.7%	$1.27B+3.9%	$1.23B+10.4%
EBITDA margin	13.6%+0.6pp	13%+0.5pp	12.5%-0.3pp	12.7%-0.3pp	13.1%+0.6pp
EBIT	$1.65B+12.2%	$1.47B+12.7%	$1.3B+4.8%	$1.24B+4.2%	$1.19B+10.9%

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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.