Shopify Inc. Class A Subordinate Voting Shares$146.88APP · NASDAQ-GS
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total Revenue | $5.48B | $3.22B | $1.84B | $2.82B | $2.79B | $1.45B | $994.10M |
| Cost of Revenue | $665.14M | $520.61M | $356.61M | $1.26B | $988.10M | $555.58M | $241.27M |
| Research & Development | $226.51M | $374.71M | $333.78M | $507.61M | $366.40M | $180.65M | $44.97M |
| Selling, General & Administrative | $233.50M | $164.92M | $150.93M | $181.63M | $158.70M | $66.43M | $31.71M |
| Operating Expenses | $1.33B | $1.31B | $1.07B | $2.86B | $2.64B | $1.51B | $799.73M |
| Operating Income | $4.15B | $1.91B | $772.41M | -$47.79M | $150.02M | -$62.04M | $194.37M |
| Interest Expense | $200.62M | $307.98M | $281.71M | $172.18M | — | — | — |
| Other Income / (Expense) | -$199.00M | -$299.01M | -$270.81M | -$157.39M | -$103.70M | -$73.66M | -$68.14M |
| Income Before Taxes | $3.95B | $1.61B | $501.60M | -$205.18M | $46.31M | -$135.71M | $126.23M |
| Provision for Income Taxes | $519.72M | $22.42M | $43.78M | -$12.23M | $10.97M | -$9.77M | $7.19M |
| Net Income | $3.33B | $1.58B | $357.00M | -$193.00M | $35.00M | -$125.19M | $119.04M |
| Basic EPS | $9.84 | $4.68 | $1.01 | -$0.52 | $0.10 | -$0.58 | $0.36 |
| Diluted EPS | $9.75 | $4.53 | $0.98 | -$0.52 | $0.09 | -$0.58 | $0.36 |
| Basic Shares Outstanding | 338.78M | 336.92M | 351.95M | 371.57M | 324.84M | 214.94M | 210.94M |
| Diluted Shares Outstanding | 341.97M | 347.81M | 362.59M | 371.57M | 342.76M | 214.94M | 212.37M |
| Period | Consensus EPS | Low | High | Estimates | Revisions |
|---|---|---|---|---|---|
| Dec 2026 | $15.93 | $15.24 | $16.66 | 7 | ↑0 ↓0 |
| Dec 2027 | $20.89 | $19.75 | $22.31 | 8 | ↑0 ↓0 |
| Dec 2028 | $27.58 | $23.70 | $29.87 | 3 | ↑0 ↓0 |
