SHOP · XBRL financial data

Shopify financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (SHOP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022†Dec 31, 2022	FY 2022Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	—	—	5,600	7,060	8,880	11,556
Revenue from contracts with customers	2,929	4,612	5,600	7,060	—	—
Cost of goods and services sold	1,388	2,131	2,846	3,545	4,408	6,001
Gross profit	1,542	2,481	2,754	3,515	4,472	5,555
Research and development	552	854	1,503	1,730	1,367	1,536
General and administrative	245	375	708	491	410	471
Total operating expenses	1,451	2,213	3,576	4,933	3,397	4,087
Operating income (loss)	90	269	(822)	(1,418)	1,075	1,468
Interest expense	9	3	3	—	—	—
Income tax expense (benefit)	(79)	226	(162)	53	209	278
Net income (loss)	320	2,915	(3,460)	132	2,019	1,231
Earnings per share, basic USD per share	2.67	23.38	(2.73)	0.10	1.57	0.95
Earnings per share, diluted USD per share	2.59	22.90	(2.73)	0.10	1.55	0.94
Weighted average shares, basic millions of shares	120	125	1,266	1,282	1,290	1,299
Weighted average shares, diluted millions of shares	123	127	1,266	1,296	1,302	1,305

† Share count changed about 10x in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (SHOP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022†Dec 31, 2022	FY 2022Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	2,704	2,503	1,649	1,413	1,498	1,545
Marketable securities	3,684	5,265	3,404	3,595	3,981	4,233
Marketable securities, non-current	—	—	—	115	709	975
Inventory	—	—	—	19	26	21
Prepaid and other current assets	68	103	140	169	209	234
Total current assets	6,878	8,539	6,050	6,275	7,254	8,296
Property and equipment, net	92	106	131	49	47	53
Right-of-use asset	119	196	355	98	93	88
Goodwill	312	357	1,836	427	452	491
Total assets	7,763	13,340	10,757	11,299	13,924	15,189
Total current liabilities	438	703	856	898	1,956	1,392
Lease liability, non-current	145	247	465	217	190	171
Retained earnings (accumulated deficit)	15	2,938	(522)	(390)	1,629	2,860
Total stockholders' equity	6,401	11,133	8,239	9,066	11,558	13,473
Total liabilities and equity	7,763	13,340	10,757	11,299	13,924	15,189

† Share count changed about 10x in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (SHOP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022†Dec 31, 2022	FY 2022Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	320	2,915	(3,460)	132	2,019	1,231
Depreciation and amortization	70	66	91	70	36	31
Net cash from operating activities	425	504	(136)	944	1,616	2,033
Purchases of property and equipment	42	51	50	39	19	26
Net cash from investing activities	(1,932)	(2,348)	(719)	(1,244)	(1,586)	(1,190)
Net cash from financing activities	3,557	1,650	18	60	61	(811)
Net change in cash	2,054	(201)	(854)	(236)	85	47

† Share count changed about 10x in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Shopify	1,868	3,742	818	not reported	Q3 FY26 10-QSep 30, 2026
Adobe	4,359	6,760	2,523*	389.2M	Q3 FY26 10-QAug 28, 2026
Intuit	4,705	4,354*	1,331*	267.2M	Q4 FY26 10-KJul 31, 2026
ServiceNow	2,393	4,106	839*	1.0B	Q3 FY26 10-QSep 30, 2026
CrowdStrike Holdings	5,014	1,471	530*	1.0B	Q2 FY27 10-QJul 31, 2026
Automatic Data Processing	3,277	5,491	651	394.8M	Q1 FY27 10-QSep 30, 2026
AppLovin	3,053	1,924	869*	335.3M	Q2 FY26 10-QJun 30, 2026
Salesforce	8,310	11,345	1,269	823.0M	Q2 FY27 10-QJul 31, 2026
Cadence Design Systems	1,452	1,633	424*	274.4M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.