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
売上高
$3.7B
粗利益
$1.7B
営業利益
$631.0M
純利益
$743.0M
粗利益率
46.1%
営業利益率
17.2%
純利益率
20.2%
前年比成長
30.6%
EPS
$0.58
資金フロー
SHOPIFY INC. Q4 2025 Financial Summary
SHOPIFY INC. reported revenue of $3.7B (up 30.6% YoY) for Q4 2025, with a net profit of $743.0M (down 42.5% YoY) (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 |
Revenue Breakdown
SHOPIFY INC. Q4 2025 revenue of $3.7B breaks down across 2 segments, led by Services at $2.9B (78.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services | $2.9B | 78.8% |
| Subscription And Circulation | $777.0M | 21.2% |
SHOPIFY INC. Revenue by Segment — Quarterly Trend
SHOPIFY INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Services and Subscription And Circulation) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Services | $2.9B | $2.1B | $2.0B | $1.7B |
| Subscription And Circulation | $777.0M | $699.0M | $656.0M | $620.0M |
SHOPIFY INC. Annual Revenue by Year
SHOPIFY INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.6B). Click any linked year to see what changed vs the prior 10-K.
SHOPIFY INC. Quarterly Revenue & Net Profit History
SHOPIFY INC. quarterly results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $3.7B | +30.6% | $743.0M | 20.2% |
| Q3 2025 | $2.8B | +31.5% | $264.0M | 9.3% |
| Q2 2025 | $2.7B | +31.1% | $906.0M | 33.8% |
| Q1 2025 | $2.4B | +26.8% | $-682.0M | -28.9% |
| Q4 2024 | $2.8B | — | $1.3B | 46.0% |
| Q3 2024 | $2.2B | — | $828.0M | 38.3% |
| Q2 2024 | $2.0B | — | $171.0M | 8.4% |
| Q1 2024 | $1.9B | — | $-273.0M | -14.7% |
損益計算書
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 売上高 | $1.86B | $2.04B | $2.16B | $2.81B | $2.36B | $2.68B | $2.84B | $3.67B |
| 前年比成長 | N/A | N/A | N/A | N/A | 26.8% | 31.1% | 31.5% | 30.6% |
貸借対照表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 総資産 | N/A | N/A | N/A | $13.92B | $13.40B | $14.56B | $15.04B | $15.19B |
| 総負債 | N/A | N/A | N/A | $2.37B | $2.35B | $2.44B | $2.53B | $1.72B |
| 株主資本 | $8.89B | $9.17B | $10.12B | $11.56B | $11.05B | $12.12B | $12.51B | $13.47B |
キャッシュフロー
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 営業CF | $238.0M | $340.0M | $423.0M | $615.0M | $367.0M | $428.0M | $513.0M | $725.0M |