Operating Income
Operating Income
Shopify Operating Income increased by 84.0% to $631.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 35.7%, from $465.00M to $631.00M. Over 3 years (FY 2022 to FY 2025), Operating Income shows an upward trend with a 21.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
is_operating_incomeHistorical Data
16 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$205.50M | -$205.50M | -$205.50M | -$205.50M | -$354.50M | -$354.50M | -$354.50M | -$354.50M | $86.00M | $241.00M | $283.00M | $465.00M | $203.00M | $291.00M | $343.00M | $631.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -72.5% | +0.0% | +0.0% | +0.0% | +124.3% | +180.2% | +17.4% | +64.3% | -56.3% | +43.3% | +17.9% | +84.0% |
| YoY Change | — | — | — | — | -72.5% | -72.5% | -72.5% | -72.5% | +124.3% | +168.0% | +179.8% | +231.2% | +136.0% | +20.7% | +21.2% | +35.7% |
Range-$354.50M – $631.00M
CAGR+34.9%
Avg YoY Growth+52.2%
Median YoY Growth+28.5%
Current Streak3 quarters growth
Operating Income at Other Companies
Frequently Asked Questions
- What is Shopify's operating income?
- Shopify (SHOP) reported operating income of $631.00M in Q4 2025.
- How has Shopify's operating income changed year-over-year?
- Shopify's operating income increased by 35.7% year-over-year, from $465.00M to $631.00M.
- What is the long-term trend for Shopify's operating income?
- Over 3 years (2022 to 2025), Shopify's operating income has grown at a 21.3% compound annual growth rate (CAGR), from -$822.00M to $1.47B.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.