SHOPIFY INC.SHOPEarnings & Financial Report
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
SHOP Q4 2025 Key Financial Metrics
Revenue
$3.7B
Gross Profit
$1.7B
Operating Profit
$631.0M
Net Profit
$743.0M
Gross Margin
46.1%
Operating Margin
17.2%
Net Margin
20.2%
YoY Growth
N/A
EPS
$0.58
Financial Flow
SHOPIFY INC. Q4 2025 Financial Summary
SHOPIFY INC. reported revenue of $3.7B for Q4 2025, with a net profit of $743.0M (20.2% margin). Cost of goods sold was $2.0B, operating expenses totaled $1.1B.
Key Financial Metrics
| Total Revenue | $3.7B |
|---|---|
| Net Profit | $743.0M |
| Gross Margin | 46.1% |
| Operating Margin | 17.2% |
| Report Period | Q4 2025 |
SHOPIFY INC. Annual Revenue by Year
SHOPIFY INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $11.6B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $2.04B | $2.16B | $2.36B | $2.68B | $2.84B | $3.67B |
| YoY Growth | N/A | N/A | N/A | 26.8% | 31.1% | 31.5% | N/A |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | N/A | $13.40B | $14.56B | $15.04B | $15.19B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $8.89B | $9.17B | $10.12B | $11.05B | $12.12B | $12.51B | $13.47B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $238.0M | $340.0M | $423.0M | $367.0M | $428.0M | $513.0M | $725.0M |
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