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Shopify SHOP Stock-Based Comp

Stock-Based Comp at other companies

Adobe logo
AdobeADBE
$534M+11.0%
eBay logo
eBayEBAY
$182M+10.3%
Salesforce logo
SalesforceCRM
$857M+5.3%
Global Payments logo
Global PaymentsGPN
$35.71M-10.3%
Etsy logo
EtsyETSY
$51.18M-3.3%
Block logo
BlockXYZ
$259.75M-12.6%

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$187.17B-6.9%
Enterprise value$185.7B-7.4%
P/E101.6×-42.7×
P/S14.1×-7.1×

Profitability

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Gross margin47.5%-1.2pp
Operating margin14.2%+2.0pp
Net margin13.9%+3.4pp
FCF margin17.7%0.0pp

Returns & leverage

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Return on equity24.1%+8.7pp
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:StockOptionPlanExpense.

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
Net income for the period1,502906921224
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and depreciation781416
Stock-based compensation128113260227
Impairment of right-of-use assets and leasehold improvements1010
Provision for transaction and loan losses944414287
Deferred income tax expense (recovery)1659826(31)
Revenue related to non-cash consideration(13)(12)(25)(25)

Item 1: Financial Statements (unaudited)

FAQ

What is Shopify's stock-based comp?
Shopify (SHOP) reported stock-based comp of $128M in Q2 2026.
How has Shopify's stock-based comp changed year-over-year?
Shopify's stock-based comp increased by 13.3% year-over-year, from $113M to $128M.
What is the long-term trend for Shopify's stock-based comp?
Over 3 years (2022 to 2025), Shopify's stock-based comp has grown at a -6.5% compound annual growth rate (CAGR), from $549M to $449M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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