Shopify Inc.
SHOP · Nasdaq
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $11.56B | $8.88B | $7.06B | $5.60B | $4.61B | $2.93B | $1.58B | $1.07B |
| Cost of Revenue | $6.00B | $4.41B | $3.54B | $2.85B | $2.13B | $1.39B | $712.53M | $476.96M |
| Gross Profit | $5.55B | $4.47B | $3.52B | $2.75B | $2.48B | $1.54B | $865.64M | $596.27M |
| Research & Development | $1.54B | $1.37B | $1.73B | $1.50B | $854.38M | $552.13M | $355.01M | $230.67M |
| Selling, General & Administrative | $471.00M | $410.00M | $491.00M | $708.00M | $374.84M | $245.34M | $153.76M | $107.44M |
| Operating Expenses | $4.09B | $3.40B | $4.93B | $3.58B | $2.21B | $1.45B | $1.01B | $688.19M |
| Operating Income | $1.47B | $1.07B | -$1.42B | -$822.00M | $268.64M | $90.15M | -$141.15M | -$91.92M |
| Interest Expense | — | — | — | $3.50M | $3.49M | $9.09M | $0.00 | — |
| Other Income / (Expense) | $41.00M | $1.15B | $1.60B | -$2.80B | $2.87B | $150.21M | $45.33M | $27.37M |
| Income Before Taxes | $1.51B | $2.23B | $185.00M | — | — | — | — | — |
| Provision for Income Taxes | $278.00M | $209.00M | $53.00M | -$163.00M | $225.93M | -$79.14M | $29.03M | $0.00 |
| Net Income | $1.23B | $2.02B | $132.00M | -$3.46B | $2.91B | $319.51M | -$124.84M | -$64.55M |
| Basic EPS | $0.95 | $1.57 | $0.10 | -$2.73 | $2.34 | $2.67 | -$1.10 | — |
| Diluted EPS | $0.94 | $1.55 | $0.10 | -$2.73 | $2.29 | $2.59 | -$1.10 | — |
| Basic Shares Outstanding | 1.30B | 1.29B | 1.28B | 1.27B | 1.25B | 119.57M | 113.03M | — |
| Diluted Shares Outstanding | 1.30B | 1.30B | 1.30B | 1.27B | 1.27B | 123.46M | 113.03M | — |
Analyst Estimates
| Period | Consensus EPS | Low | High | Estimates | Revisions |
|---|---|---|---|---|---|
| Dec 2026 | $1.40 | $1.22 | $1.56 | 14 | ↑0 ↓0 |
| Dec 2027 | $1.72 | $1.41 | $2.17 | 14 | ↑1 ↓0 |
| Dec 2028 | $2.67 | $2.29 | $3.04 | 4 | ↑0 ↓0 |
