Shopify (SHOP) EBITDA (2014 - 2026)
Shopify's quarterly EBITDA came in at -$586.0 million in Q1 2026, up 13.57% year-on-year from -$516.0 million in Q1 2025, and down 178.66% quarter-over-quarter from $745.0 million in Q4 2025.
Shopify has reported EBITDA for 13 years, with the latest figure at -$586.0 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA rose 13.57% year-over-year to -$586.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (down 17.04% YoY), and the FY2025 full-year result was $1.2 billion, down 38.05% from the prior year.
- EBITDA for Q1 2026 stood at -$586.0 million, down from $745.0 million in the prior quarter.
- The five-year high for EBITDA was $1.3 billion in Q4 2024, with the low at -$1.5 billion in Q1 2022.
- Average EBITDA over 5 years is -$115.2 million, with a median of -$143.6 million recorded in 2022.
- Year-over-year, EBITDA slumped 464.94% in 2024 and surged 439.41% in 2025.
- Tracing SHOP's EBITDA over 5 years: stood at -$602.2 million in 2022, then tumbled by 115.89% to -$1.3 billion in 2023, then soared by 198.77% to $1.3 billion in 2024, then sank by 41.98% to $745.0 million in 2025, then sank by 178.66% to -$586.0 million in 2026.
- The last three EBITDA figures came in at -$586.0 million (Q1 2026), $745.0 million (Q4 2025), and $258.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (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 | 1.87 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 1.92 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -586.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 457.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 431.33 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 2.42 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -1.37 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.02 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 7.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -586.00 Mn |
| Dec 31, 2025 | 745.00 Mn |
| Sep 30, 2025 | 258.00 Mn |
| Jun 30, 2025 | 917.00 Mn |
| Mar 31, 2025 | -678.00 Mn |
| Dec 31, 2024 | 1.28 Bn |
| Sep 30, 2024 | 832.00 Mn |
| Jun 30, 2024 | 170.00 Mn |
| Mar 31, 2024 | -281.00 Mn |
| Jun 30, 2023 | -1.30 Bn |
| Mar 31, 2023 | 77.00 Mn |
| Dec 31, 2022 | -602.16 Mn |
| Sep 30, 2022 | -143.61 Mn |
| Jun 30, 2022 | -951.75 Mn |
| Mar 31, 2022 | -1.47 Bn |
| Dec 31, 2021 | -371.40 Mn |
| Sep 30, 2021 | 905.02 Mn |
| Jun 30, 2021 | 876.35 Mn |
| Mar 31, 2021 | 992.14 Mn |
| Dec 31, 2020 | 133.39 Mn |
| Sep 30, 2020 | 146.53 Mn |
| Jun 30, 2020 | 33.64 Mn |
| Mar 31, 2020 | -35.85 Mn |
| Dec 31, 2019 | 4.11 Mn |
| Sep 30, 2019 | -59.76 Mn |
| Jun 30, 2019 | -16.39 Mn |
| Mar 31, 2019 | -11.19 Mn |
| Dec 31, 2018 | -12.03 Mn |
| Sep 30, 2018 | -13.07 Mn |
| Jun 30, 2018 | -21.98 Mn |
| Mar 31, 2018 | -17.99 Mn |
| Dec 31, 2017 | -6.41 Mn |
| Sep 30, 2017 | -6.78 Mn |
| Jun 30, 2017 | -6.99 Mn |
| Mar 31, 2017 | -9.19 Mn |
| Dec 31, 2016 | -10.21 Mn |
| Sep 30, 2016 | -7.47 Mn |
| Jun 30, 2016 | -8.52 Mn |
| Mar 31, 2016 | -8.71 Mn |
| Dec 31, 2015 | -6.31 Mn |
| Sep 30, 2015 | -4.66 Mn |
| Jun 30, 2015 | -3.30 Mn |
| Mar 31, 2015 | -4.53 Mn |
| Dec 31, 2014 | -4.50 Mn |
| Sep 30, 2014 | -4.11 Mn |
| Jun 30, 2014 | -7.04 Mn |