Shopify Inc. Class A subordinate voting shares (SHOP) Financial Statements
Historical financial data — 20 statements covering FY2021–FY2025
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on...
Shopify Inc. Class A subordinate voting shares's revenue increased 30.1% year over year, from $8.88B to $11.56B.
Net income decreased 39.0% over the same period, from $2.02B to $1.23B.
Over the 4-year period from FY2021 to FY2025, revenue grew by 151% in total.
Total debt decreased by 21.0% to $324.0M.
The debt-to-equity ratio stands at 0.02, indicating a conservative leverage profile.
Operating cash flow grew 25.8% to $2.03B.
Shopify Inc. Class A subordinate voting shares maintains a healthy net profit margin of 10.7%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $2.16B+5.7% | $828.0M | $1.12B | $341.0M | $423.0M | $12.33B | $1.14B | $10.12B |
| Q4 FY2024 | $2.81B+30.1% | $1.29B | $1.35B | $369.0M | $615.0M | $13.92B | $410.0M | $11.56B |
| Q1 FY2025 | $2.36B-16.1% | $-682.0M | $1.17B | $203.0M | $367.0M | $13.40B | $340.0M | $11.05B |
| Q2 FY2025 | $2.68B+13.6% | $906.0M | $1.30B | $291.0M | $428.0M | $14.56B | $359.0M | $12.12B |
| Q3 FY2025 | $2.84B+6.1% | $264.0M | $1.39B | $343.0M | $513.0M | $15.04B | $315.0M | $12.51B |
| Q4 FY2025 | $3.67B+29.1% | $743.0M | $1.69B | $631.0M | $725.0M | $15.19B | $324.0M | $13.47B |
| Q1 FY2026 | $3.17B-13.7% | $-581.0M | $1.55B | $382.0M | $481.0M | $14.12B | $179.0M | $12.50B |
| Q2 FY2026 | $3.58B+13.0% | $1.50B | $1.71B | $488.0M | $658.0M | $14.47B | $178.0M | $12.68B |
Balance Sheet Summary (Q2 FY2026)
Shopify Inc. Class A subordinate voting shares (SHOP) Financial Statements & Revenue History
Shopify Inc. Class A subordinate voting shares (SHOP) is a US-listed stock operating in the Technology sector, specifically the Services-Prepackaged Software industry trading at $169.34 with a market capitalization of $218. This page provides 20 historical financial statements for Shopify Inc. Class A subordinate voting shares, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Shopify Inc. Class A subordinate voting shares reported revenue of $11.6 billion, representing 30.1% year-over-year growth. The net profit margin of 10.7% indicates moderate profitability. The debt-to-equity ratio of 0.02 shows conservative leverage.
SHOP Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Shopify Inc. Class A subordinate voting shares's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether SHOP is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track SHOP's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Shopify Inc. Class A subordinate voting shares converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of SHOP's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use SHOP Financial Data
Investors use Shopify Inc. Class A subordinate voting shares's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare SHOP's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how SHOP's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View SHOP's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Shopify Inc. Class A subordinate voting shares's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.SHOP trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.