Shopify (SHOP) EBT (2014 - 2026)
Shopify's quarterly EBT came in at -$634.0 million in Q1 2026, up 17.66% year-on-year from -$538.8 million in Q1 2025, and down 171.08% quarter-over-quarter from $892.0 million in Q4 2025.
Shopify has reported EBT for 13 years, with the latest figure at -$634.0 million in Q1 2026.
- For the quarter ending Q1 2026, EBT rose 17.66% year-over-year to -$634.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (down 4.03% YoY), and the FY2025 full-year result 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 -$1.7 billion in Q1 2022.
- Average EBT over 5 years is -$85.9 million, with a median of -$120.5 million recorded in 2022.
- Year-over-year, EBT tumbled 436.84% in 2024 and jumped 431.53% in 2025.
- Tracing SHOP's EBT over 5 years: stood at -$452.8 million in 2022, then tumbled by 187.33% to -$1.3 billion in 2023, then surged by 209.22% to $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.
- The last three EBT figures came in at -$634.0 million (Q1 2026), $892.0 million (Q4 2025), and $308.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 3.21 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 2.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 496.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -634.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 673.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 428.10 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 2.42 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 1.78 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.05 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 58.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2023 | -1.30 Bn |
| Mar 31, 2023 | 76.00 Mn |
| Dec 31, 2022 | -452.78 Mn |
| Sep 30, 2022 | -120.48 Mn |
| Jun 30, 2022 | -939.84 Mn |
| Mar 31, 2022 | -1.65 Bn |
| Dec 31, 2021 | -387.72 Mn |
| Sep 30, 2021 | 1.06 Bn |
| Jun 30, 2021 | 919.32 Mn |
| Mar 31, 2021 | 1.08 Bn |
| Dec 31, 2020 | 109.75 Mn |
| Sep 30, 2020 | 139.85 Mn |
| Jun 30, 2020 | 3.15 Mn |
| Mar 31, 2020 | -44.85 Mn |
| Dec 31, 2019 | -18.54 Mn |
| Sep 30, 2019 | -18.52 Mn |
| Jun 30, 2019 | -21.43 Mn |
| Mar 31, 2019 | -18.16 Mn |
| Dec 31, 2018 | -1.51 Mn |
| Sep 30, 2018 | -17.74 Mn |
| Jun 30, 2018 | -23.84 Mn |
| Mar 31, 2018 | -16.09 Mn |
| Dec 31, 2017 | -6.11 Mn |
| Sep 30, 2017 | -10.11 Mn |
| Jun 30, 2017 | -11.83 Mn |
| Mar 31, 2017 | -10.92 Mn |
| Dec 31, 2016 | -9.31 Mn |
| Sep 30, 2016 | -7.28 Mn |
| Jun 30, 2016 | -8.66 Mn |
| Mar 31, 2016 | -9.71 Mn |
| Dec 31, 2015 | -6.52 Mn |
| Sep 30, 2015 | -4.30 Mn |
| Jun 30, 2015 | -3.46 Mn |
| Mar 31, 2015 | -3.48 Mn |
| Dec 31, 2014 | -4.50 Mn |
| Sep 30, 2014 | -4.11 Mn |
| Jun 30, 2014 | -7.04 Mn |