Shopify (SHOP) Operating Income (2024 - 2026)
Shopify (SHOP) posted quarterly Operating Income of $382.0 million for Q1 2026, up 88.18% year-over-year from $203.0 million in Q1 2025, and down 39.46% quarter-over-quarter from $631.0 million in Q4 2025.
Shopify (SHOP) Operating Income (2024 - 2026) Analysis & Trends
Shopify's Operating Income history runs 3 years deep, the most recent figure standing at $382.0 million for Q1 2026.
- In Q1 2026, Operating Income rose 88.18% year-over-year to $382.0 million; the TTM figure through Mar 2026 stood at $1.6 billion (up 38.17% YoY), while the FY2025 annual figure was $1.5 billion, up 36.56% from the prior year.
- Operating Income for Q1 2026 stood at $382.0 million, down from $631.0 million in the prior quarter.
- The five-year high for Operating Income was $631.0 million in Q4 2025, with the low at $86.0 million in Q1 2024.
- The 3-year median for Operating Income is $291.0 million (2025), against an average of $325.0 million.
- Peak annual rise in Operating Income reached 136.05% in 2025, while the deepest fall reached 20.75% in 2025.
- Shopify's Operating Income stood at $465.0 million in 2024, then jumped by 35.7% to $631.0 million in 2025, then slumped by 39.46% to $382.0 million in 2026.
- Business Quant data shows SHOP's Operating Income at $382.0 million in Q1 2026, $631.0 million in Q4 2025, and $343.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 6.26 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 488.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 2.35 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.89 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 162.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -326.15 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -1.82 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 2.24 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.02 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 5.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 488.00 Mn |
| Mar 31, 2026 | 382.00 Mn |
| Dec 31, 2025 | 631.00 Mn |
| Sep 30, 2025 | 343.00 Mn |
| Jun 30, 2025 | 291.00 Mn |
| Mar 31, 2025 | 203.00 Mn |
| Dec 31, 2024 | 465.00 Mn |
| Sep 30, 2024 | 283.00 Mn |
| Jun 30, 2024 | 241.00 Mn |
| Mar 31, 2024 | 86.00 Mn |