What is Shopify's total revenue?

Shopify (SHOP) reported total revenue of $3.17B in Q1 2026.

How has Shopify's total revenue changed year-over-year?

Shopify's total revenue increased by 34.3% year-over-year, from $2.36B to $3.17B.

What is the long-term trend for Shopify's total revenue?

Over 3 years (2022 to 2025), Shopify's total revenue has grown at a 27.3% compound annual growth rate (CAGR), from $5.6B to $11.56B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Shopify SHOP Total Revenue

Total Revenue at other companies

AdobeADBE

$6.62B+12.7%

eBayEBAY

$3.09B+19.5%

SalesforceCRM

$11.13B+13.3%

Global PaymentsGPN

$2.97B+63.1%

EtsyETSY

$631.28M+3.1%

BlockXYZ

$6.06B+4.9%

Segments

By geography

See full

Europe$653M—

Rest Of World$57M—

By product

See full

Merchant solutions$2.42B+39.1%

Subscription solutions$750M+21.0%

Other financials

Income statement

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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

See full

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

See full

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

See full

Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

FCF margin17.1%-1.3pp

Returns & leverage

See full

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 total revenue?: Shopify (SHOP) reported total revenue of $3.17B in Q1 2026.
How has Shopify's total revenue changed year-over-year?: Shopify's total revenue increased by 34.3% year-over-year, from $2.36B to $3.17B.
What is the long-term trend for Shopify's total revenue?: Over 3 years (2022 to 2025), Shopify's total revenue has grown at a 27.3% compound annual growth rate (CAGR), from $5.6B to $11.56B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.