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Shopify SHOP Year one

Other financials

Income statement

Revenue$3.2B+34.3%

Gross profit$1.5B+32.3%

Operating income$382.0M+88.2%

Net income-$581.0M+14.8%

EPS (diluted)-$0.45+15.1%

Balance sheet

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

Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation

Market cap$141.25B+25.1%

Enterprise value$139.58B+23.9%

P/E106×+35.9×

P/S11.4×-0.6×

Profitability

Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

Returns & leverage

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:FinancingReceivableOriginatedInCurrentFiscalYear.

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 year one?: Shopify (SHOP) reported year one of $1.02B in Q1 2026.
How has Shopify's year one changed year-over-year?: Shopify's year one increased by 56.3% year-over-year, from $654M to $1.02B.