What is Shopify's net income?

Shopify (SHOP) reported net income of -$581M in Q1 2026.

How has Shopify's net income changed year-over-year?

Shopify's net income increased by 14.8% year-over-year, from -$682M to -$581M.

What is the long-term trend for Shopify's net income?

Over 3 years (2022 to 2025), Shopify's net income has grown at a -29.1% compound annual growth rate (CAGR), from -$3.46B to $1.23B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Shopify SHOP Net Income

Net Income at other companies

AdobeADBE

$1.71B+1.2%

eBayEBAY

$512M+2.6%

SalesforceCRM

$2.11B+36.7%

Global PaymentsGPN

-$1.8B-689%

EtsyETSY

$69.68M+234%

BlockXYZ

-$308.68M-263%

Other financials

Income statement

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Revenue$3.2B+34.3%

Gross profit$1.5B+32.2%

Operating income$382.0M+88.2%

EPS (diluted)-$0.45+15.1%

Balance sheet

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Cash & equivalents$1.8B+41.2%

Total debt$179.0M-84.3%

Total equity$12.5B+13.1%

Total assets$14.1B+5.4%

Cash flow

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Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation

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Market cap$144.84B+4.9%

Enterprise value$143.18B+3.8%

P/E108.7×+23.0×

P/S11.7×-3.0×

Profitability

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Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

FCF margin17.1%-1.3pp

Returns & leverage

See full

Return on equity11.3%-4.8pp

Debt / equity0×-0.1×

Current ratio6.2×+2.5×

Where this comes from

Reported directly by Shopify in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Shopify’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shopify's net income?: Shopify (SHOP) reported net income of -$581M in Q1 2026.
How has Shopify's net income changed year-over-year?: Shopify's net income increased by 14.8% year-over-year, from -$682M to -$581M.
What is the long-term trend for Shopify's net income?: Over 3 years (2022 to 2025), Shopify's net income has grown at a -29.1% compound annual growth rate (CAGR), from -$3.46B to $1.23B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.