Shopify (SHOP) Net Income (2024 - 2026)
Shopify (SHOP) posted quarterly Net Income of -$581.0 million for Q1 2026, up 14.81% year-over-year from -$506.1 million in Q1 2025, and down 178.2% quarter-over-quarter from $743.0 million in Q4 2025.
Shopify (SHOP) Net Income (2024 - 2026) Analysis & Trends
Shopify's Net Income history runs 3 years deep, the most recent figure standing at -$581.0 million for Q1 2026.
- In Q1 2026, Net Income rose 14.81% year-over-year to -$581.0 million; the TTM figure through Mar 2026 stood at $1.3 billion (down 17.27% YoY), while the FY2025 annual figure was $1.2 billion, down 39.03% from the prior year.
- Net Income for Q1 2026 stood at -$581.0 million, down from $743.0 million in the prior quarter.
- The five-year high for Net Income was $1.3 billion in Q4 2024, with the low at -$682.0 million in Q1 2025.
- The 3-year median for Net Income is $264.0 million (2025), against an average of $296.6 million.
- Peak annual rise in Net Income reached 429.82% in 2025, while the deepest fall reached 149.82% in 2025.
- Shopify's Net Income stood at $1.3 billion in 2024, then sank by 42.54% to $743.0 million in 2025, then sank by 178.2% to -$581.0 million in 2026.
- Business Quant data shows SHOP's Net Income at -$581.0 million in Q1 2026, $743.0 million in Q4 2025, and $264.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 8.54 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.50 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 2.11 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 2.44 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 298.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -295.57 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 978.60 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.71 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 3.06 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 44.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.50 Bn |
| Mar 31, 2026 | -581.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Sep 30, 2025 | 264.00 Mn |
| Jun 30, 2025 | 906.00 Mn |
| Mar 31, 2025 | -682.00 Mn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 828.00 Mn |
| Jun 30, 2024 | 171.00 Mn |
| Mar 31, 2024 | -273.00 Mn |