Shopify (SHOP) EBT (2024 - 2026)
Shopify's EBT was $1.78 billion in Q2 2026, up 64.5% from $1.08 billion a year earlier.
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Analysis
Shopify (SHOP) EBT (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shopify's EBT was $2.34 billion through Jun 30, 2026, down 9.6% year-over-year; for FY2025, it came in at $1.51 billion, down 32.3% from FY2024.
- EBT shows a five-year compound annual growth rate of 44.4% (FY2020 to FY2025).
- In earlier years, EBT was $2.23 billion in FY2024, $185 million in FY2023, -$3.62 billion in FY2022 and $3.14 billion in FY2021.
- The Q2 2026 figure marks the highest quarterly EBT in data going back to Q1 2024.
- Compared with a year earlier, EBT was higher in two of the last four quarters, with growth averaging 98.7%.
- Per Business Quant data, SHOP's EBT in the three quarters before Q2 2026 was -$634 million (Q1 2026), $892 million (Q4 2025) and $308 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,541.13 Bn | 3,276.03 Bn | 76.16 Bn | 32.36 Bn |
| 2 | Meta Platforms | 1,587.35 Bn | 1,251.87 Bn | 51.23 Bn | 13.00 Bn |
| 3 | Netflix | 272.62 Bn | 233.92 Bn | 6.80 Bn | 4.32 Bn |
| 4 | Alibaba Group Holding | 244.75 Bn | 66.83 Bn | 15.16 Bn | 3.29 Bn |
| 5 | Shopify | 196.93 Bn | 175.73 Bn | 1.78 Bn | 499.00 Mn |
| 6 | Uber Technologies | 142.58 Bn | 114.55 Bn | 6.38 Bn | 3.28 Bn |
| 7 | Spotify Technology | 129.18 Bn | 86.10 Bn | 1.89 Bn | 811.05 Mn |
| 8 | Booking Holdings | 127.15 Bn | 60.90 Bn | - | 3.42 Bn |
| 9 | PDD Holdings | 116.93 Bn | -127.12 Bn | 9.48 Bn | 6.08 Bn |
| 10 | Airbnb | 104.06 Bn | 57.29 Bn | 2.98 Bn | 897.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 499.00 Mn |
| 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();