Shopify (SHOP) Retained Earnings (2014 - 2026)
Shopify's quarterly Retained Earnings came in at $2.3 billion in Q1 2026, up 38083.33% year-on-year from N/an in Q1 2025, and down 20.31% quarter-over-quarter from $2.9 billion in Q4 2025.
Shopify has reported Retained Earnings for 13 years, with the latest figure at $2.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Retained Earnings rose 38083.33% year-over-year to $2.3 billion; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (up 38083.33% YoY), and the FY2025 full-year result was $2.9 billion, up 28700.0% from the prior year.
- Retained Earnings for Q1 2026 stood at $2.3 billion, down from $2.9 billion in the prior quarter.
- The five-year high for Retained Earnings was $2.9 billion in Q4 2025, with the low at -$663.0 million in Q1 2024.
- Average Retained Earnings over 5 years is $713.9 million, with a median of $77.8 million recorded in 2022.
- Year-over-year, Retained Earnings jumped 68110.11% in 2022 and plunged 3113.66% in 2023.
- Tracing SHOP's Retained Earnings over 5 years: stood at -$12.1 million in 2022, then sank by 3113.66% to -$390.0 million in 2023, then jumped by 97.44% to -$10.0 million in 2024, then jumped by 28700.0% to $2.9 billion in 2025, then retreated by 20.31% to $2.3 billion in 2026.
- The last three Retained Earnings figures came in at $2.3 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 57.69 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 22.22 Bn |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | -421.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 2.28 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 5.71 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | -40.09 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | -295.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -853.10 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 22.85 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 190.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.28 Bn |
| Dec 31, 2025 | 2.86 Bn |
| Sep 30, 2025 | 2.12 Bn |
| Jun 30, 2025 | 1.85 Bn |
| Mar 31, 2025 | -6.00 Mn |
| Dec 31, 2024 | -10.00 Mn |
| Jun 30, 2024 | -492.00 Mn |
| Mar 31, 2024 | -663.00 Mn |
| Dec 31, 2023 | -390.00 Mn |
| Dec 31, 2022 | -12.14 Mn |
| Sep 30, 2022 | 77.76 Mn |
| Jun 30, 2022 | 203.79 Mn |
| Mar 31, 2022 | 1.46 Bn |
| Dec 31, 2021 | -11.70 Mn |
| Sep 30, 2021 | -11.65 Mn |
| Jun 30, 2021 | -5.47 Mn |
| Mar 31, 2021 | -2.15 Mn |
| Dec 31, 2020 | 11.72 Mn |
| Sep 30, 2020 | -81.49 Mn |
| Jun 30, 2020 | -216.11 Mn |
| Mar 31, 2020 | -250.36 Mn |
| Dec 31, 2019 | -230.45 Mn |
| Sep 30, 2019 | -231.07 Mn |
| Jun 30, 2019 | -173.55 Mn |
| Mar 31, 2019 | -153.04 Mn |
| Dec 31, 2018 | -142.25 Mn |
| Sep 30, 2018 | -142.47 Mn |
| Jun 30, 2018 | -126.40 Mn |
| Mar 31, 2018 | -110.06 Mn |
| Dec 31, 2017 | -96.98 Mn |
| Sep 30, 2017 | -120.22 Mn |
| Jun 30, 2017 | -110.84 Mn |
| Mar 31, 2017 | -96.81 Mn |
| Dec 31, 2016 | -62.38 Mn |
| Sep 30, 2016 | -74.34 Mn |
| Jun 30, 2016 | -65.22 Mn |
| Mar 31, 2016 | -56.78 Mn |
| Dec 31, 2015 | -47.85 Mn |
| Sep 30, 2015 | -41.55 Mn |
| Jun 30, 2015 | -36.89 Mn |
| Dec 31, 2014 | -29.06 Mn |