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Side-by-side financial comparison of Electronic Arts (EA) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $1.9B, roughly 1.9× Electronic Arts). SHOPIFY INC. runs the higher net margin — 20.2% vs 4.6%, a 15.6% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 1.0%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 3.4%).
Electronic Arts Inc. (EA) is an American video game company headquartered in Redwood City, California. Founded in May 1982 by former Apple employee Trip Hawkins, the company was a pioneer of the early home computer game industry and promoted the designers and programmers responsible for its games as "software artists".
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.
EA vs SHOP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $3.7B |
| Net Profit | $88.0M | $743.0M |
| Gross Margin | 73.8% | 46.1% |
| Operating Margin | 6.7% | 17.2% |
| Net Margin | 4.6% | 20.2% |
| Revenue YoY | 1.0% | 30.6% |
| Net Profit YoY | -70.0% | -42.5% |
| EPS (diluted) | $0.35 | $0.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.9B | $3.7B | ||
| Q3 25 | $1.8B | $2.8B | ||
| Q2 25 | $1.7B | $2.7B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.8B | $1.9B |
| Q4 25 | $88.0M | $743.0M | ||
| Q3 25 | $137.0M | $264.0M | ||
| Q2 25 | $201.0M | $906.0M | ||
| Q1 25 | $254.0M | $-682.0M | ||
| Q4 24 | $293.0M | $1.3B | ||
| Q3 24 | $294.0M | $828.0M | ||
| Q2 24 | $280.0M | $171.0M | ||
| Q1 24 | $182.0M | $-273.0M |
| Q4 25 | 73.8% | 46.1% | ||
| Q3 25 | 75.9% | 48.9% | ||
| Q2 25 | 83.3% | 48.6% | ||
| Q1 25 | 80.6% | 49.5% | ||
| Q4 24 | 75.8% | 48.1% | ||
| Q3 24 | 77.5% | 51.7% | ||
| Q2 24 | 84.2% | 51.1% | ||
| Q1 24 | 79.9% | 51.4% |
| Q4 25 | 6.7% | 17.2% | ||
| Q3 25 | 10.9% | 12.1% | ||
| Q2 25 | 16.2% | 10.9% | ||
| Q1 25 | 20.8% | 8.6% | ||
| Q4 24 | 20.0% | 16.5% | ||
| Q3 24 | 19.0% | 13.1% | ||
| Q2 24 | 21.9% | 11.8% | ||
| Q1 24 | 13.2% | 4.6% |
| Q4 25 | 4.6% | 20.2% | ||
| Q3 25 | 7.4% | 9.3% | ||
| Q2 25 | 12.0% | 33.8% | ||
| Q1 25 | 13.4% | -28.9% | ||
| Q4 24 | 15.6% | 46.0% | ||
| Q3 24 | 14.5% | 38.3% | ||
| Q2 24 | 16.9% | 8.4% | ||
| Q1 24 | 10.2% | -14.7% |
| Q4 25 | $0.35 | $0.58 | ||
| Q3 25 | $0.54 | $0.20 | ||
| Q2 25 | $0.79 | $0.69 | ||
| Q1 25 | $0.99 | $-0.53 | ||
| Q4 24 | $1.11 | $0.99 | ||
| Q3 24 | $1.11 | $0.64 | ||
| Q2 24 | $1.04 | $0.13 | ||
| Q1 24 | $0.67 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.8B | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.2B | $13.5B |
| Total Assets | $13.3B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8B | $5.8B | ||
| Q3 25 | $1.1B | $6.3B | ||
| Q2 25 | $1.5B | $5.8B | ||
| Q1 25 | $2.1B | $5.5B | ||
| Q4 24 | $2.8B | $5.5B | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $6.2B | $13.5B | ||
| Q3 25 | $6.0B | $12.5B | ||
| Q2 25 | $6.1B | $12.1B | ||
| Q1 25 | $6.4B | $11.1B | ||
| Q4 24 | $7.4B | $11.6B | ||
| Q3 24 | $7.4B | $10.1B | ||
| Q2 24 | $7.4B | $9.2B | ||
| Q1 24 | $7.5B | $8.9B |
| Q4 25 | $13.3B | $15.2B | ||
| Q3 25 | $11.9B | $15.0B | ||
| Q2 25 | $11.7B | $14.6B | ||
| Q1 25 | $12.4B | $13.4B | ||
| Q4 24 | $13.5B | $13.9B | ||
| Q3 24 | $13.1B | — | ||
| Q2 24 | $12.7B | — | ||
| Q1 24 | $13.4B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.8B | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 20.75× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $725.0M | ||
| Q3 25 | $130.0M | $513.0M | ||
| Q2 25 | $17.0M | $428.0M | ||
| Q1 25 | $549.0M | $367.0M | ||
| Q4 24 | $1.2B | $615.0M | ||
| Q3 24 | $234.0M | $423.0M | ||
| Q2 24 | $120.0M | $340.0M | ||
| Q1 24 | $580.0M | $238.0M |
| Q4 25 | — | $715.0M | ||
| Q3 25 | — | $507.0M | ||
| Q2 25 | — | $422.0M | ||
| Q1 25 | — | $363.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | — | $421.0M | ||
| Q2 24 | — | $333.0M | ||
| Q1 24 | — | $232.0M |
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 12.5% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 20.75× | 0.98× | ||
| Q3 25 | 0.95× | 1.94× | ||
| Q2 25 | 0.08× | 0.47× | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 4.01× | 0.48× | ||
| Q3 24 | 0.80× | 0.51× | ||
| Q2 24 | 0.43× | 1.99× | ||
| Q1 24 | 3.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
