What is Shopify's rest of world — revenue?

Shopify (SHOP) reported rest of world — revenue of $57M in Q1 2026.

What does rest of world — revenue mean?

This metric represents the total revenue generated from geographic regions outside of the company's primary operating markets, such as North America or Europe. It captures the scale of international expansion and the firm's ability to monetize e-commerce services in emerging or non-core territories. Monitoring this figure helps investors assess the geographic diversification of the revenue base and the success of global market penetration strategies.

Shopify SHOP Rest Of World — Revenue

Other geography segments

Europe

$653M—

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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$144.84B+4.9%

Enterprise value$143.18B+3.8%

P/E108.7×+23.0×

P/S11.7×-3.0×

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: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 rest of world — revenue?: Shopify (SHOP) reported rest of world — revenue of $57M in Q1 2026.
What does rest of world — revenue mean?: This metric represents the total revenue generated from geographic regions outside of the company's primary operating markets, such as North America or Europe. It captures the scale of international expansion and the firm's ability to monetize e-commerce services in emerging or non-core territories. Monitoring this figure helps investors assess the geographic diversification of the revenue base and the success of global market penetration strategies.