Shopify (SHOP) Net Income towards Common Stockholders (2024 - 2026)
Shopify (SHOP) recorded Net Income towards Common Stockholders of $462 million in 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 towards Common Stockholders (2024 - 2026) Analysis & Trends
On a TTM basis, Shopify's Net Income towards Common Stockholders came in at $2.13 billion as of Sep 30, 2026, up 19.4% year-over-year; for FY2025, it came in at $1.23 billion, down 39.0% from FY2024.
- Annual Net Income towards Common Stockholders has a five-year compound annual growth rate of 31.0% (FY2020 to FY2025).
- Across earlier years, Net Income towards Common Stockholders came in at $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 towards Common Stockholders has ranged from -$682 million in Q1 2025 to $1.5 billion in Q2 2026 over the past five years.
- On a year-over-year basis, Net Income towards Common Stockholders rose in three of the last five quarters, with growth averaging 92.0%.
- Per Business Quant, the preceding three quarters came in at $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 | 26.17 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 | 1.55 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 | 512.00 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 | 4.20 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 towards Common Stockholders 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-towards-common-stockholders&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income-towards-common-stockholders", "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-towards-common-stockholders&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();