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.

• 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 was -$634.0 million for Q1 2026 at Shopify, down from $892.0 million in the prior quarter.
• In the past five years, EBT ranged from a high of $1.4 billion in Q4 2024 to a low of -$770.0 million in Q1 2025.
• Historically, EBT has averaged $344.8 million across 3 years, with a median of $308.0 million in 2025.
• Biggest YoY gain for EBT was 431.53% in 2025; the steepest drop was 200.78% in 2025.
• A 3-year view of EBT shows it stood at $1.4 billion in 2024, then tumbled by 37.23% to $892.0 million in 2025, then sank 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.