Shopify (SHOP) Net Income (2024 - 2026)

Shopify's (SHOP) quarterly Net Income came in at -$581.0 million in Q1 2026, up 14.81% year-on-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.

  • On a quarterly basis, Net Income rose 14.81% year-over-year to -$581.0 million in Q1 2026; TTM through Mar 2026 was $1.3 billion, a 17.27% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 39.03% from the prior year.
  • Net Income fell to -$581.0 million in Q1 2026 per SHOP's latest filing, from $743.0 million in the prior quarter.
  • Across five years, Net Income topped out at $1.3 billion in Q4 2024 and bottomed 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.
  • Biggest YoY gain for Net Income was 429.82% in 2025; the steepest drop was 149.82% in 2025.
  • Year by year, Net Income stood at $1.3 billion in 2024, then plunged by 42.54% to $743.0 million in 2025, then plunged by 178.2% to -$581.0 million in 2026.
  • Per Business Quant, the three latest SHOP Net Income figures stand at -$581.0 million (Q1 2026), $743.0 million (Q4 2025), and $264.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 4.15 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - 208.31 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn -581.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 302.00 Mn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 2.11 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 298.00 Mn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 1.36 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -295.57 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 335.66 Mn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 52.53 Mn

Historic Data

Download Data
DateValue
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