Shopify SHOP
NASDAQ SHOP
$145.09 -0.79 (-0.54%)
At close: Sep 4, 2026 · 4:00 PM EDT

Shopify (SHOP) Retained Earnings (2014 - 2026)

Shopify (SHOP) posted Retained Earnings of $3.8 billion for Q2 2026, up 65.91% on a QoQ basis from $2.3 billion in Q1 2026, and up 104.05% year-over-year from $1.9 billion in Q2 2025.

Analysis

Shopify (SHOP) Retained Earnings (2014 - 2026) Analysis & Trends

Shopify has reported Retained Earnings for 13 years, with the latest figure at $3.8 billion in Q2 2026.

  • On a quarterly basis, Retained Earnings rose 104.05% year-over-year to $3.8 billion in Q2 2026; TTM through Jun 2026 was $3.8 billion, a 104.05% increase from a year earlier, with the FY2025 full-year figure at $2.9 billion, up 75.57% from the prior year.
  • Retained Earnings was $3.8 billion for Q2 2026 at Shopify, up from $2.3 billion in the prior quarter.
  • The five-year high for Retained Earnings was $3.8 billion in Q2 2026, with the low at -$522.0 million in Q4 2022.
  • Average Retained Earnings over 5 years is $1.6 billion, with a median of $1.9 billion recorded in 2025.
  • The sharpest annual moves came in 2022 and 2024: Retained Earnings slumped 117.77% in 2022, then jumped 517.69% in 2024.
  • Over 5 years, Retained Earnings stood at -$522.0 million in 2022, then gained by 25.29% to -$390.0 million in 2023, then surged by 517.69% to $1.6 billion in 2024, then surged by 75.57% to $2.9 billion in 2025, then surged by 32.2% to $3.8 billion in 2026.
  • The last three Retained Earnings figures came in at $3.8 billion (Q2 2026), $2.3 billion (Q1 2026), and $2.9 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Shopify 187.92 Bn 182.98 Bn 1.71 Bn 3.78 Bn
2 Global-E Online 6.49 Bn 6.13 Bn 131.87 Mn -585.21 Mn
3 Vtex 624.51 Mn 438.62 Mn 51.71 Mn -75.71 Mn
4 Rezolve Ai 359.91 Mn 248.80 Mn - -359.62 Mn
5 Commerce.com 212.95 Mn 56.62 Mn 63.53 Mn -636.20 Mn
6 Baozun 154.04 Mn -65.26 Mn 302.56 Mn -
7 BeLive Holdings 23.36 Mn 16.74 Mn - -26.43 Mn
8 Paid 20.26 Mn 19.18 Mn 1.22 Mn 74.93 Mn
9 Caro Holdings 11.71 Mn 11.71 Mn - 9.67 Mn
10 My Size 1.36 Mn 650,132.45 973,000.00 75.96 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 3.78 Bn
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 947.00 Mn
Dec 31, 2024 1.63 Bn
Dec 31, 2023 -390.00 Mn
Dec 31, 2022 -522.00 Mn
Dec 31, 2021 2.94 Bn
Dec 31, 2020 261.44 Mn
Dec 31, 2019 -304.22 Mn
Dec 31, 2018 -187.76 Mn
Dec 31, 2017 -123.20 Mn
Dec 31, 2016 -83.21 Mn
Dec 31, 2015 -47.85 Mn
Dec 31, 2014 -29.06 Mn