Shopify (SHOP) EBT (2024 - 2026)
Shopify (SHOP) posted EBT of $1.8 billion for Q2 2026, up 379.97% on a QoQ basis from -$634.0 million in Q1 2026, and up 64.5% year-over-year from $1.1 billion in Q2 2025.
Analysis
Shopify (SHOP) EBT (2024 - 2026) Analysis & Trends
Shopify has reported EBT for 3 years, with the latest figure at $1.8 billion in Q2 2026.
- On a quarterly basis, EBT rose 64.5% year-over-year to $1.8 billion in Q2 2026; TTM through Jun 2026 was $2.3 billion, a 9.61% decrease from a year earlier, with the FY2025 full-year figure at $1.5 billion, down 32.27% from the prior year.
- EBT was $1.8 billion for Q2 2026 at Shopify, up from -$634.0 million in the prior quarter.
- The five-year high for EBT was $1.8 billion in Q2 2026, with the low at -$770.0 million in Q1 2025.
- Average EBT over 3 years is $487.8 million, with a median of $584.0 million recorded in 2024.
- The largest YoY upside for EBT was 431.53% in 2025 against a maximum downside of 200.78% in 2025.
- Over 3 years, EBT stood at $1.4 billion in 2024, then slumped by 37.23% to $892.0 million in 2025, then surged by 98.99% to $1.8 billion in 2026.
- The last three EBT figures came in at $1.8 billion (Q2 2026), -$634.0 million (Q1 2026), and $892.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | 1.78 Bn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | 49.39 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | 11.33 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | 1.31 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn | 12.57 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - | - |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn | -7,403.00 |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | -275,218.00 |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | -1.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.78 Bn |
| Mar 31, 2026 | -634.00 Mn |
| Dec 31, 2025 | 892.00 Mn |
| Sep 30, 2025 | 308.00 Mn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | -770.00 Mn |
| Dec 31, 2024 | 1.42 Bn |
| Sep 30, 2024 | 860.00 Mn |
| Jun 30, 2024 | 203.00 Mn |
| Mar 31, 2024 | -256.00 Mn |