Shopify (SHOP) EBIT (2024 - 2026)
Shopify's (SHOP) quarterly EBIT came in at $382.0 million in Q1 2026, up 88.18% year-on-year from $203.0 million in Q1 2025, and down 39.46% quarter-over-quarter from $631.0 million in Q4 2025.
Shopify (SHOP) EBIT (2024 - 2026) Analysis & Trends
Shopify's EBIT history runs 3 years deep, the most recent figure standing at $382.0 million for Q1 2026.
- On a quarterly basis, EBIT rose 88.18% year-over-year to $382.0 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 38.17% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 36.56% from the prior year.
- EBIT retreated to $382.0 million in Q1 2026 per SHOP's latest filing, from $631.0 million in the prior quarter.
- Across five years, EBIT topped out at $631.0 million in Q4 2025 and bottomed at $86.0 million in Q1 2024.
- The 3-year median for EBIT is $291.0 million (2025), against an average of $325.0 million.
- Biggest YoY gain for EBIT was 136.05% in 2025; the steepest drop was 20.75% in 2025.
- Year by year, EBIT stood at $465.0 million in 2024, then surged by 35.7% to $631.0 million in 2025, then sank by 39.46% to $382.0 million in 2026.
- Per Business Quant, the three latest SHOP EBIT figures stand at $382.0 million (Q1 2026), $631.0 million (Q4 2025), and $343.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 3.21 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | 145.23 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 382.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.92 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 2.35 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 162.00 Mn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -1.37 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -326.15 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 431.33 Mn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 7.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 382.00 Mn |
| Dec 31, 2025 | 631.00 Mn |
| Sep 30, 2025 | 343.00 Mn |
| Jun 30, 2025 | 291.00 Mn |
| Mar 31, 2025 | 203.00 Mn |
| Dec 31, 2024 | 465.00 Mn |
| Sep 30, 2024 | 283.00 Mn |
| Jun 30, 2024 | 241.00 Mn |
| Mar 31, 2024 | 86.00 Mn |