Shopify (SHOP) EBT (2024 - 2026)
Shopify (SHOP) posted quarterly EBT of -$634.0 million for Q1 2026, up 17.66% year-over-year from -$538.8 million in Q1 2025, and down 171.08% quarter-over-quarter from $892.0 million in Q4 2025.
Shopify (SHOP) EBT (2024 - 2026) Analysis & Trends
Shopify's EBT history runs 3 years deep, the most recent figure standing at -$634.0 million for Q1 2026.
- In Q1 2026, EBT rose 17.66% year-over-year to -$634.0 million; the TTM figure through Mar 2026 stood at $1.6 billion (down 4.03% YoY), while the FY2025 annual figure was $1.5 billion, down 32.27% from the prior year.
- EBT for Q1 2026 stood at -$634.0 million, down from $892.0 million in the prior quarter.
- The five-year high for EBT was $1.4 billion in Q4 2024, with the low 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.
- Peak annual rise in EBT reached 431.53% in 2025, while the deepest fall reached 200.78% in 2025.
- Shopify's EBT stood at $1.4 billion in 2024, then slumped by 37.23% to $892.0 million in 2025, then plunged by 171.08% to -$634.0 million in 2026.
- Business Quant data shows SHOP's EBT at -$634.0 million in Q1 2026, $892.0 million in Q4 2025, and $308.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 6.69 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.78 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 2.72 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 3.28 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 438.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -296.66 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 1.26 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 2.24 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.05 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 51.73 Mn |
Historic Data
Download 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 |