Shopify (SHOP) EBITDA (2024 - 2026)

Shopify's EBITDA history runs 3 years deep, the most recent figure standing at $382.0 million for Q1 2026.

• On a quarterly basis, EBITDA 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.
• EBITDA retreated to $382.0 million in Q1 2026 per SHOP's latest filing, from $631.0 million in the prior quarter.
• Across five years, EBITDA topped out at $631.0 million in Q4 2025 and bottomed at $86.0 million in Q1 2024.
• The 3-year median for EBITDA is $291.0 million (2025), against an average of $325.0 million.
• Biggest YoY gain for EBITDA was 136.05% in 2025; the steepest drop was 20.75% in 2025.
• Year by year, EBITDA 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 EBITDA figures stand at $382.0 million (Q1 2026), $631.0 million (Q4 2025), and $343.0 million (Q3 2025).