Operating Income
Operating Income
Shopify Operating Income decreased by 39.5% to $382.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 88.2%, from $203.00M to $382.00M. Over 3 years (FY 2022 to FY 2025), Operating Income shows an upward trend with a 21.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
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:
operating_incomeHistorical Data
17 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $382.00M |
| 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% | -39.5% |
| 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% | +88.2% |
Range-$354.50M – $631.00M
CAGR+16.8%
Avg YoY Growth+55.0%
Median YoY Growth+35.7%
Operating Income at Other Companies
Frequently Asked Questions
- What is Shopify's operating income?
- Shopify (SHOP) reported operating income of $382.00M in Q1 2026.
- How has Shopify's operating income changed year-over-year?
- Shopify's operating income increased by 88.2% year-over-year, from $203.00M to $382.00M.
- 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.