Shopify (SHOP) Net Income (2024 - 2026)
Shopify (SHOP) posted Net Income of $1.5 billion for Q2 2026, up 65.8% from $906 million a year earlier.
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Analysis
Shopify (SHOP) Net Income (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Income at Shopify was $1.93 billion, down 17.8% 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%).
- The Q2 2026 figure stands as the highest quarterly Net Income in data going back to Q1 2024.
- On a year-over-year basis, Net Income increased in two of the last four quarters, with growth averaging 96.2%.
- According to Business Quant data, Net Income for the three prior quarters was -$581 million (Q1 2026), $743 million (Q4 2025) and $264 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn | 112.19 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn | 15.85 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn | 3.40 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn | 1.53 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn | 1.50 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn | 2.42 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - | 1.95 Bn |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn | 3.99 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn | 633.49 Mn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn | 816.00 Mn |
Historic Data
Download Data
Historic 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 |
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();