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Shopify SHOP APAC — Revenues (as a percent)

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Other financials

Income statement

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Revenue$3.6B+33.7%
Gross profit$1.7B+31.2%
Operating income$488.0M+67.7%
Net income$1.5B+65.8%
EPS (diluted)$1.16+68.1%

Balance sheet

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Cash & equivalents$1.7B+7.4%
Total debt$178.0M-84.4%
Total equity$12.7B+4.6%
Total assets$14.5B-0.6%

Cash flow

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Operating cash flow$658.0M+53.7%
CapEx$4.0M-33.3%
Free cash flow$654.0M+55.0%

Valuation

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Market cap$189.7B-5.6%
Enterprise value$188.22B-6.2%
P/E102.9×-41.3×
P/S14.3×-6.9×

Profitability

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Gross margin47.5%-1.2pp
Operating margin14.2%+2.0pp
Net margin21.7%+5.4pp
FCF margin17.7%0.0pp

Returns & leverage

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Return on equity14.9%+5.4pp
Debt / equity-0.1×
Current ratio5.4×+1.5×

Where this comes from

Reported directly by Shopify in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The source filing: Shopify’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 7:03 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001594805-26-000047
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
North America
United States63%63%63%64%
Canada5%5%5%5%
Europe20%20%20%19%
APAC10%10%10%10%
Rest of World2%2%2%2%
Total Revenue100%100%100%100%

Item 1: Financial Statements (unaudited)

FAQ

What is Shopify's APAC — revenues (as a percent)?
Shopify (SHOP) reported APAC — revenues (as a percent) of 10% in Q2 2026.
How has Shopify's APAC — revenues (as a percent) changed year-over-year?
Shopify's APAC — revenues (as a percent) decreased by 0.0% year-over-year, from 10% to 10%.
What does APAC — revenues (as a percent) mean?
This metric measures the proportion of total consolidated company revenue that is derived from the Asia-Pacific geographic segment. It serves as an indicator of the company's geographic revenue diversification and the relative strategic importance of the APAC market to the overall business model.

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