Shopify SHOP
NASDAQ SHOP
$145.09 -0.79 (-0.54%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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