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| Date | Value |
|---|---|
| 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 |