Shopify (SHOP) Income After Tax (2024 - 2026)
Shopify (SHOP) reported Income After Tax of $462 million for Q3 2026, up 75.0% from $264 million a year earlier but down 69.2% from the prior quarter.
Powered by 
Analysis
Shopify (SHOP) Income After Tax (2024 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Shopify's Income After Tax came in at $2.13 billion, up 19.4% year-over-year; for FY2025, it came in at $1.23 billion, down 39.0% from FY2024.
- Income After Tax has a five-year compound annual growth rate of 31.0% (FY2020 to FY2025).
- By year, Income After Tax 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%).
- Five-year quarterly Income After Tax spans a low of -$682 million in Q1 2025 and a high of $1.5 billion in Q2 2026.
- Year over year, Income After Tax gained in three of the last five quarters, with growth averaging 92.0%.
- Per Business Quant data, the three quarters before Q3 2026 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) | Income After Tax (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 | 5.17 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 | 611.00 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 | 6.98 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 Income After Tax 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=profit-after-tax&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "profit-after-tax", "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=profit-after-tax&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();