Shopify (SHOP) Consolidated Net Income (2024 - 2026)
Shopify (SHOP) posted Consolidated Net Income of $1.5 billion for Q2 2026, up 358.52% on a QoQ basis from -$581.0 million in Q1 2026, and up 65.78% year-over-year from $906.0 million in Q2 2025.
Powered by 
Analysis
Shopify (SHOP) Consolidated Net Income (2024 - 2026) Analysis & Trends
Shopify has reported Consolidated Net Income for 3 years, with the latest figure at $1.5 billion in Q2 2026.
- On a quarterly basis, Consolidated Net Income rose 65.78% year-over-year to $1.5 billion in Q2 2026; TTM through Jun 2026 was $1.9 billion, a 17.78% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 39.03% from the prior year.
- Consolidated Net Income was $1.5 billion for Q2 2026 at Shopify, up from -$581.0 million in the prior quarter.
- The five-year high for Consolidated Net Income was $1.5 billion in Q2 2026, with the low at -$682.0 million in Q1 2025.
- Average Consolidated Net Income over 3 years is $417.1 million, with a median of $503.5 million recorded in 2025.
- The largest YoY upside for Consolidated Net Income was 429.82% in 2025 against a maximum downside of 149.82% in 2025.
- Over 3 years, Consolidated Net Income stood at $1.3 billion in 2024, then sank by 42.54% to $743.0 million in 2025, then surged by 102.15% to $1.5 billion in 2026.
- The last three Consolidated Net Income figures came in at $1.5 billion (Q2 2026), -$581.0 million (Q1 2026), and $743.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 166.44 Bn | 161.49 Bn | 1.71 Bn | 1.50 Bn |
| 2 | Global-E Online | 6.43 Bn | 6.07 Bn | 131.87 Mn | 47.72 Mn |
| 3 | Vtex | 629.70 Mn | 443.81 Mn | 51.71 Mn | 12.63 Mn |
| 4 | Rezolve Ai | 369.68 Mn | 258.57 Mn | - | - |
| 5 | Commerce.com | 275.92 Mn | 119.60 Mn | 63.53 Mn | 1.10 Mn |
| 6 | Baozun | 152.97 Mn | -66.33 Mn | 302.56 Mn | 16.34 Mn |
| 7 | BeLive Holdings | 24.01 Mn | 17.39 Mn | - | - |
| 8 | Paid | 18.65 Mn | 17.57 Mn | 1.22 Mn | -7,403.00 |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | -275,218.00 |
| 10 | Amaze Holdings | 1.11 Mn | 1.11 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.50 Bn |
| Mar 31, 2026 | -581.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Sep 30, 2025 | 264.00 Mn |
| Jun 30, 2025 | 906.00 Mn |
| Mar 31, 2025 | -682.00 Mn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 828.00 Mn |
| Jun 30, 2024 | 171.00 Mn |
| Mar 31, 2024 | -273.00 Mn |
API Access
Shopify Consolidated Net Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=consolidated-net-income&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "consolidated-net-income", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=consolidated-net-income&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();