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Shopify SHOP Europe — Revenue

Other geography segments

Rest Of World
$57M

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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%
Net income-$581.0M+14.8%
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$141.25B+25.1%
Enterprise value$139.58B+23.9%
P/E106×+35.9×
P/S11.4×-0.6×

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

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Return on equity11.3%-4.8pp
Debt / equity-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:Revenues.

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 europe — revenue?
Shopify (SHOP) reported europe — revenue of $653M in Q1 2026.
What does europe — revenue mean?
This metric represents the total revenue generated by the company from customers located within the European geographic region. It captures the scale of the business footprint and market penetration in this specific territory. Monitoring this figure helps investors assess the company's success in expanding its international presence and navigating regional market dynamics.