Shopify (SHOP) Consolidated Net Income (2024 - 2026)
Shopify's Consolidated Net Income came in at $462 million for Q3 2026, up 75.0% from $264 million a year earlier but down 69.2% from the prior quarter.
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Analysis
Shopify (SHOP) Consolidated Net Income (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Shopify reported Consolidated Net Income of $2.13 billion, up 19.4% year-over-year; for FY2025, it came in at $1.23 billion, down 39.0% from FY2024.
- Consolidated Net Income carries a five-year compound annual growth rate of 31.0% (FY2020 to FY2025).
- Going back by year, Consolidated Net Income was $2.02 billion in FY2024, $132 million in FY2023, -$3.46 billion in FY2022 and $2.91 billion in FY2021 (+812.2%).
- The five-year range for quarterly Consolidated Net Income is -$682 million (Q1 2025) to $1.5 billion (Q2 2026).
- Year-over-year, Consolidated Net Income increased in three of the last five quarters, with growth averaging 92.0%.
- Business Quant data shows SHOP's Consolidated Net Income at $1.5 billion (Q2 2026), -$581 million (Q1 2026) and $743 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 26.47 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 9.86 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 3.66 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 1.54 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 462.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 569.00 Mn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 1.44 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 595.92 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 2.72 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 4.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 462.00 Mn |
| 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();