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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |