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.
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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 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 138.75 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | 18.76 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | 4.07 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 5.77 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | 1.78 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | 3.28 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 2.56 Bn |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | 6.06 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 836.90 Mn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 1.51 Bn |
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 |
API Access
Shopify EBT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();