Shopify (SHOP) EBT (2024 - 2026)

Shopify's EBT history runs 3 years deep, the most recent figure standing at -$634.0 million for Q1 2026.

• On a quarterly basis, EBT rose 17.66% year-over-year to -$634.0 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 4.03% decrease from a year earlier, with the FY2025 full-year figure at $1.5 billion, down 32.27% from the prior year.
• EBT declined to -$634.0 million in Q1 2026 per SHOP's latest filing, from $892.0 million in the prior quarter.
• Across five years, EBT topped out at $1.4 billion in Q4 2024 and bottomed at -$770.0 million in Q1 2025.
• The 3-year median for EBT is $308.0 million (2025), against an average of $344.8 million.
• Biggest YoY gain for EBT was 431.53% in 2025; the steepest drop was 200.78% in 2025.
• Year by year, EBT stood at $1.4 billion in 2024, then sank by 37.23% to $892.0 million in 2025, then tumbled by 171.08% to -$634.0 million in 2026.
• Per Business Quant, the three latest SHOP EBT figures stand at -$634.0 million (Q1 2026), $892.0 million (Q4 2025), and $308.0 million (Q3 2025).