Shopify (SHOP) Consolidated Net Income (2014 - 2026)
Shopify's quarterly Consolidated Net Income came in at -$581.0 million in Q1 2026, up 14.81% year-on-year from -$506.1 million in Q1 2025, and down 178.2% quarter-over-quarter from $743.0 million in Q4 2025.
Shopify has reported Consolidated Net Income for 13 years, with the latest figure at -$581.0 million in Q1 2026.
- For the quarter ending Q1 2026, Consolidated Net Income rose 14.81% year-over-year to -$581.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (down 17.27% YoY), and the FY2025 full-year result was $1.2 billion, down 39.03% from the prior year.
- Consolidated Net Income for Q1 2026 stood at -$581.0 million, down from $743.0 million in the prior quarter.
- The five-year high for Consolidated Net Income was $1.3 billion in Q4 2024, with the low at -$1.4 billion in Q1 2022.
- Average Consolidated Net Income over 5 years is -$99.0 million, with a median of -$119.5 million recorded in 2022.
- Year-over-year, Consolidated Net Income tumbled 425.0% in 2024 and jumped 429.82% in 2025.
- Tracing SHOP's Consolidated Net Income over 5 years: stood at -$446.1 million in 2022, then slumped by 189.4% to -$1.3 billion in 2023, then surged by 200.15% to $1.3 billion in 2024, then sank by 42.54% to $743.0 million in 2025, then sank by 178.2% to -$581.0 million in 2026.
- The last three Consolidated Net Income figures came in at -$581.0 million (Q1 2026), $743.0 million (Q4 2025), and $264.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 3.21 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.96 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 302.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -581.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 469.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 335.66 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.89 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 1.36 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 3.06 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 52.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2023 | -1.29 Bn |
| Mar 31, 2023 | 84.00 Mn |
| Dec 31, 2022 | -446.09 Mn |
| Sep 30, 2022 | -119.50 Mn |
| Jun 30, 2022 | -935.40 Mn |
| Mar 31, 2022 | -1.45 Bn |
| Dec 31, 2021 | -480.86 Mn |
| Sep 30, 2021 | 1.22 Bn |
| Jun 30, 2021 | 959.54 Mn |
| Mar 31, 2021 | 1.17 Bn |
| Dec 31, 2020 | 95.63 Mn |
| Sep 30, 2020 | 136.33 Mn |
| Jun 30, 2020 | -19.66 Mn |
| Mar 31, 2020 | -66.25 Mn |
| Dec 31, 2019 | -37.85 Mn |
| Sep 30, 2019 | 18.10 Mn |
| Jun 30, 2019 | -21.43 Mn |
| Mar 31, 2019 | -18.16 Mn |
| Dec 31, 2018 | -1.51 Mn |
| Sep 30, 2018 | -17.74 Mn |
| Jun 30, 2018 | -23.84 Mn |
| Mar 31, 2018 | -16.09 Mn |
| Dec 31, 2017 | -6.11 Mn |
| Sep 30, 2017 | -10.11 Mn |
| Jun 30, 2017 | -11.83 Mn |
| Mar 31, 2017 | -10.92 Mn |
| Dec 31, 2016 | -9.31 Mn |
| Sep 30, 2016 | -7.28 Mn |
| Jun 30, 2016 | -8.66 Mn |
| Mar 31, 2016 | -9.71 Mn |
| Dec 31, 2015 | -6.52 Mn |
| Sep 30, 2015 | -4.30 Mn |
| Jun 30, 2015 | -3.46 Mn |
| Mar 31, 2015 | -3.48 Mn |
| Dec 31, 2014 | -4.50 Mn |
| Sep 30, 2014 | -4.11 Mn |
| Jun 30, 2014 | -7.04 Mn |