Shopify (SHOP) Equity Income (2024 - 2026)
Shopify (SHOP) recorded quarterly Equity Income of -$21.0 million in Q1 2026, down 175.0% quarter-over-quarter from $28.0 million in Q4 2025, and up 8.7% on a YoY basis from -$19.3 million in Q1 2025.
Shopify (SHOP) Equity Income (2024 - 2026) Analysis & Trends
Shopify's Equity Income history runs 3 years deep, the most recent figure standing at -$21.0 million for Q1 2026.
- In Q1 2026, Equity Income rose 8.7% year-over-year to -$21.0 million; the TTM figure through Mar 2026 stood at -$38.0 million (up 67.52% YoY), while the FY2025 annual figure was -$40.0 million, up 71.01% from the prior year.
- Equity Income was -$21.0 million for Q1 2026 at Shopify, down from $28.0 million in the prior quarter.
- In the past five years, Equity Income ranged from a high of $28.0 million in Q4 2025 to a low of -$44.0 million in Q1 2024.
- Historically, Equity Income has averaged -$22.1 million across 3 years, with a median of -$23.0 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Equity Income surged 227.27% in 2025, then rose 8.7% in 2026.
- A 3-year view of Equity Income shows it stood at -$22.0 million in 2024, then soared by 227.27% to $28.0 million in 2025, then slumped by 175.0% to -$21.0 million in 2026.
- The last three Equity Income figures came in at -$21.0 million (Q1 2026), $28.0 million (Q4 2025), and -$21.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | -20.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -21.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | - |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | - |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | - |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | - |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | - |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.00 Mn |
| Dec 31, 2025 | 28.00 Mn |
| Sep 30, 2025 | -21.00 Mn |
| Jun 30, 2025 | -24.00 Mn |
| Mar 31, 2025 | -23.00 Mn |
| Dec 31, 2024 | -22.00 Mn |
| Sep 30, 2024 | -28.00 Mn |
| Jun 30, 2024 | -44.00 Mn |
| Mar 31, 2024 | -44.00 Mn |