Shopify Inc
NYSE:SHOP

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Shopify Inc Logo
Shopify Inc
NYSE:SHOP
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Price: 109.98 USD 3.36% Market Closed
Market Cap: 142.6B USD
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

Revenue
+
3Y
+94%
5Y
+443%
10Y
+7 491%
Operating Income
+
3Y
+2 203%
5Y
-
10Y
-
Net Income
+
3Y
+786%
5Y
-
10Y
-

Earnings Waterfall
Shopify Inc

Revenue
9.4B USD
Cost of Revenue
-4.7B USD
Gross Profit
4.7B USD
Operating Expenses
-3.5B USD
Operating Income
1.2B USD
Other Expenses
418m USD
Net Income
1.6B USD

Income Statement
Shopify Inc

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Income Statement
Currency: USD
Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
9
10
11
10
3
3
3
3
3
0
0
0
0
0
0
0
0
0
Revenue
124
N/A
145
+17%
170
+18%
205
+21%
241
+17%
282
+17%
329
+17%
389
+18%
444
+14%
509
+15%
581
+14%
673
+16%
760
+13%
854
+12%
952
+12%
1 073
+13%
1 179
+10%
1 296
+10%
1 417
+9%
1 578
+11%
1 728
+9%
2 080
+20%
2 457
+18%
2 929
+19%
3 448
+18%
3 853
+12%
4 210
+9%
4 612
+10%
4 827
+5%
5 002
+4%
5 245
+5%
5 600
+7%
5 904
+5%
6 303
+7%
6 651
+6%
7 060
+6%
7 413
+5%
7 764
+5%
8 212
+6%
8 880
+8%
9 379
+6%
Gross Profit
Cost of Revenue
(52)
(62)
(75)
(92)
(109)
(130)
(153)
(180)
(202)
(226)
(250)
(293)
(328)
(372)
(421)
(477)
(527)
(576)
(629)
(713)
(785)
(967)
(1 156)
(1 388)
(1 605)
(1 764)
(1 917)
(2 131)
(2 267)
(2 408)
(2 597)
(2 846)
(3 071)
(3 290)
(3 399)
(3 545)
(3 658)
(3 799)
(4 030)
(4 408)
(4 695)
Gross Profit
72
N/A
83
+15%
95
+15%
113
+19%
132
+16%
153
+16%
176
+16%
209
+19%
242
+16%
283
+17%
331
+17%
380
+15%
432
+14%
482
+12%
532
+10%
596
+12%
653
+9%
721
+10%
787
+9%
866
+10%
942
+9%
1 113
+18%
1 301
+17%
1 542
+18%
1 843
+20%
2 089
+13%
2 293
+10%
2 481
+8%
2 560
+3%
2 595
+1%
2 648
+2%
2 754
+4%
2 833
+3%
3 013
+6%
3 252
+8%
3 515
+8%
3 755
+7%
3 965
+6%
4 182
+5%
4 472
+7%
4 684
+5%
Operating Income
Operating Expenses
(91)
(98)
(111)
(131)
(156)
(182)
(211)
(247)
(284)
(332)
(383)
(429)
(487)
(552)
(620)
(688)
(760)
(837)
(908)
(1 007)
(1 108)
(1 191)
(1 284)
(1 393)
(1 561)
(1 668)
(1 892)
(2 182)
(2 508)
(2 873)
(3 267)
(3 395)
(3 751)
(4 036)
(3 769)
(3 555)
(4 894)
(3 189)
(3 283)
(3 397)
(3 492)
Selling, General & Administrative
(64)
(69)
(78)
(90)
(110)
(128)
(147)
(168)
(197)
(229)
(263)
(289)
(330)
(373)
(416)
(451)
(501)
(546)
(589)
(643)
(713)
(747)
(787)
(823)
(886)
(990)
(1 150)
(1 306)
(1 494)
(1 695)
(1 927)
(1 872)
(2 087)
(2 071)
(1 905)
(1 810)
(1 909)
(1 881)
(1 956)
(2 018)
(2 082)
Research & Development
(27)
(29)
(33)
(38)
(46)
(54)
(63)
(72)
(87)
(103)
(120)
(131)
(157)
(179)
(204)
(226)
(259)
(291)
(319)
(347)
(395)
(443)
(496)
(532)
(611)
(662)
(739)
(834)
(982)
(1 145)
(1 336)
(1 485)
(1 658)
(1 959)
(1 860)
(1 717)
(1 607)
(1 308)
(1 326)
(1 355)
(1 406)
Depreciation & Amortization
0
0
0
(3)
0
0
0
(7)
0
0
0
(9)
0
0
0
(11)
0
0
0
(17)
(0)
(1)
(1)
(38)
(2)
(2)
(2)
(42)
(2)
(2)
(4)
(38)
(7)
(6)
(4)
(28)
0
0
(1)
(24)
(4)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(61)
(13)
0
0
(30)
(30)
0
0
0
0
0
0
(1 378)
0
0
0
0
Operating Income
(19)
N/A
(16)
+19%
(16)
-1%
(18)
-13%
(24)
-35%
(29)
-22%
(34)
-18%
(37)
-8%
(42)
-13%
(49)
-17%
(52)
-6%
(49)
+6%
(55)
-12%
(70)
-27%
(89)
-27%
(92)
-4%
(107)
-17%
(116)
-8%
(121)
-4%
(141)
-17%
(166)
-18%
(78)
+53%
17
N/A
148
+776%
282
+90%
421
+49%
401
-5%
299
-25%
52
-83%
(278)
N/A
(619)
-123%
(641)
-4%
(917)
-43%
(1 023)
-12%
(518)
+49%
(40)
+92%
(1 139)
-2 748%
776
N/A
899
+16%
1 075
+20%
1 192
+11%
Pre-Tax Income
Interest Income Expense
(1)
(1)
(1)
(1)
1
1
2
2
2
4
6
9
13
18
23
27
35
39
42
45
47
40
165
150
1 388
2 164
3 372
2 872
66
(1 721)
(2 878)
(2 801)
(977)
366
784
1 603
992
619
590
1 153
522
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(13)
(60)
(69)
(58)
0
0
(34)
(30)
0
0
0
(181)
0
(1 340)
(1 378)
(1 378)
0
(38)
0
0
0
Pre-Tax Income
(20)
N/A
(17)
+18%
(17)
-2%
(19)
-9%
(23)
-23%
(28)
-22%
(33)
-16%
(35)
-8%
(40)
-13%
(46)
-14%
(46)
-1%
(40)
+13%
(42)
-6%
(52)
-23%
(66)
-26%
(65)
+2%
(73)
-13%
(78)
-6%
(79)
-2%
(96)
-22%
(132)
-38%
(99)
+25%
112
N/A
240
+114%
1 670
+595%
2 585
+55%
3 739
+45%
3 141
-16%
118
-96%
(1 999)
N/A
(3 497)
-75%
(3 623)
-4%
(1 894)
+48%
(1 997)
-5%
(1 112)
+44%
185
N/A
(147)
N/A
1 357
N/A
1 489
+10%
2 228
+50%
1 714
-23%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(48)
(29)
(0)
31
84
79
(61)
(133)
(329)
(226)
64
98
289
162
(24)
(28)
(37)
(53)
(62)
(84)
(106)
(209)
(104)
Income from Continuing Operations
(20)
(17)
(17)
(19)
(23)
(28)
(33)
(35)
(40)
(46)
(46)
(40)
(42)
(52)
(66)
(65)
(73)
(78)
(127)
(125)
(132)
(67)
196
320
1 609
2 452
3 410
2 915
182
(1 901)
(3 208)
(3 460)
(1 918)
(2 025)
(1 149)
132
(209)
1 273
1 383
2 019
1 610
Net Income (Common)
(20)
N/A
(17)
+18%
(17)
-2%
(19)
-9%
(23)
-23%
(28)
-22%
(33)
-16%
(35)
-8%
(40)
-13%
(46)
-14%
(46)
-1%
(40)
+13%
(42)
-6%
(52)
-23%
(66)
-26%
(65)
+2%
(73)
-13%
(78)
-6%
(127)
-64%
(125)
+2%
(132)
-6%
(67)
+49%
197
N/A
320
+62%
1 609
+404%
2 452
+52%
3 409
+39%
2 915
-14%
182
-94%
(1 901)
N/A
(3 208)
-69%
(3 460)
-8%
(1 918)
+45%
(2 025)
-6%
(1 149)
+43%
133
N/A
(208)
N/A
1 274
N/A
1 384
+9%
2 019
+46%
1 610
-20%
EPS (Diluted)
-0.04
N/A
-0.03
+25%
-0.03
N/A
-0.03
N/A
-0.03
N/A
-0.04
-33%
-0.04
N/A
-0.04
N/A
-0.05
-25%
-0.05
N/A
-0.05
N/A
-0.04
+20%
-0.04
N/A
-0.05
-25%
-0.06
-20%
-0.06
N/A
-0.06
N/A
-0.07
-17%
-0.11
-57%
-0.11
N/A
-0.12
-9%
-0.06
+50%
0.15
N/A
0.26
+73%
1.27
+388%
1.93
+52%
2.68
+39%
2.29
-15%
0.14
-94%
-1.52
N/A
-2.54
-67%
-2.73
-7%
-1.48
+46%
-1.58
-7%
-0.88
+44%
0.1
N/A
-0.16
N/A
0.98
N/A
1.05
+7%
1.55
+48%
1.23
-21%

See Also

Summary
SHOP intrinsic value, competitors valuation, and company profile.
DCF Valuation
SHOP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SHOP stock valuation using valuation multiples.
Wall Street Estimates
SHOP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SHOP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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