What is Shopify's europe — revenues (as a percent)?

Shopify (SHOP) reported europe — revenues (as a percent) of 21% in Q1 2026.

What does europe — revenues (as a percent) mean?

This metric measures the proportion of total consolidated revenue that is derived from the European geographic segment. It provides insight into the company's geographic revenue concentration and the relative importance of the European market to the overall business model. A shift in this percentage highlights changes in the company's global revenue mix and geographic diversification.

Shopify SHOP Europe — Revenues (as a percent)

Other geography segments

Rest Of World

1%—

Similar metrics at other companies

WOLFEurope — % of Revenue

18.2%-0.2pp

FNEurope — Revenues, percentage

10.5%+2.6pp

KOPNEurope — % of Total Revenue

3%+1.0pp

MVSTEurope — Revenues, percentage

12.3%-0.3pp

LSCCEurope — Percentage Of Revenue

11%+1.0pp

DOCNEurope — Percentage of Revenue

24%-4.0pp

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$148.17B+0.3%

Enterprise value$146.5B-0.6%

P/E111.2×+48.2×

P/S12×-2.8×

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 / 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:ConcentrationRiskPercentage1.

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 — revenues (as a percent)?: Shopify (SHOP) reported europe — revenues (as a percent) of 21% in Q1 2026.
What does europe — revenues (as a percent) mean?: This metric measures the proportion of total consolidated revenue that is derived from the European geographic segment. It provides insight into the company's geographic revenue concentration and the relative importance of the European market to the overall business model. A shift in this percentage highlights changes in the company's global revenue mix and geographic diversification.