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Side-by-side financial comparison of SHOPIFY INC. (SHOP) and Vipshop Holdings Ltd (VIPS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
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.
Vipshop is a Chinese company that operates the e-commerce website VIP.com specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE) on March 23, 2012.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $3.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $743.0M | — | ||
| Q3 25 | $264.0M | — | ||
| Q2 25 | $906.0M | — | ||
| Q1 25 | $-682.0M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $828.0M | — | ||
| Q2 24 | $171.0M | — | ||
| Q1 24 | $-273.0M | — |
| Q4 25 | 46.1% | — | ||
| Q3 25 | 48.9% | — | ||
| Q2 25 | 48.6% | — | ||
| Q1 25 | 49.5% | — | ||
| Q4 24 | 48.1% | — | ||
| Q3 24 | 51.7% | — | ||
| Q2 24 | 51.1% | — | ||
| Q1 24 | 51.4% | — |
| Q4 25 | 17.2% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 16.5% | — | ||
| Q3 24 | 13.1% | — | ||
| Q2 24 | 11.8% | — | ||
| Q1 24 | 4.6% | — |
| Q4 25 | 20.2% | — | ||
| Q3 25 | 9.3% | — | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | -28.9% | — | ||
| Q4 24 | 46.0% | — | ||
| Q3 24 | 38.3% | — | ||
| Q2 24 | 8.4% | — | ||
| Q1 24 | -14.7% | — |
| Q4 25 | $0.58 | — | ||
| Q3 25 | $0.20 | — | ||
| Q2 25 | $0.69 | — | ||
| Q1 25 | $-0.53 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $0.64 | — | ||
| Q2 24 | $0.13 | — | ||
| Q1 24 | $-0.21 | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
