Shopify (SHOP) Net Income (2024 - 2026)
Shopify (SHOP) posted Net Income of $462 million for Q3 2026, up 75.0% from $264 million a year earlier but down 69.2% from the prior quarter.
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Analysis
Shopify (SHOP) Net Income (2024 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Income at Shopify was $2.13 billion, up 19.4% year-over-year; for FY2025, it was $1.23 billion, down 39.0% from FY2024.
- Annual Net Income shows a five-year compound annual growth rate of 31.0% (FY2020 to FY2025).
- In prior years, Shopify's Net Income was $2.02 billion in FY2024, $132 million in FY2023, -$3.46 billion in FY2022 and $2.91 billion in FY2021 (+812.2%).
- Quarterly Net Income has run from a low of -$682 million in Q1 2025 to a high of $1.5 billion in Q2 2026 over five years.
- On a year-over-year basis, Net Income increased in three of the last five quarters, with growth averaging 92.0%.
- According to Business Quant data, Net Income for the three prior quarters was $1.5 billion (Q2 2026), -$581 million (Q1 2026) and $743 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 26.47 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 9.86 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 3.66 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 1.54 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 462.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 569.00 Mn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 1.44 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 595.92 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 2.72 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 4.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 462.00 Mn |
| 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 |
API Access
Shopify Net Income 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=net-income&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();