Shopify (SHOP) Retained Earnings (2014 - 2026)
Shopify's (SHOP) quarterly Retained Earnings came in at -$4.0 million in Q1 2026, up 33.33% year-on-year from -$3.0 million in Q1 2025, and down 100.14% quarter-over-quarter from $2.9 billion in Q4 2025.
Shopify (SHOP) Retained Earnings (2014 - 2026) Analysis & Trends
Shopify's Retained Earnings history runs 13 years deep, the most recent figure standing at -$4.0 million for Q1 2026.
- On a quarterly basis, Retained Earnings rose 33.33% year-over-year to -$4.0 million in Q1 2026; TTM through Mar 2026 was -$4.0 million, a 33.33% increase from a year earlier, with the FY2025 full-year figure at $2.9 billion, up 28700.0% from the prior year.
- Retained Earnings slipped to -$4.0 million in Q1 2026 per SHOP's latest filing, from $2.9 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $2.9 billion in Q4 2025 and bottomed at -$16.0 million in Q4 2022.
- The 5-year median for Retained Earnings is $500000.0 (2025), against an average of $649.6 million.
- Across the five-year window, Retained Earnings tumbled 103.98% in 2024 and jumped 28700.0% in 2025, its largest moves.
- Year by year, Retained Earnings stood at -$16.0 million in 2022, then jumped by 1668.75% to $251.0 million in 2023, then tumbled by 103.98% to -$10.0 million in 2024, then soared by 28700.0% to $2.9 billion in 2025, then sank by 100.14% to -$4.0 million in 2026.
- Per Business Quant, the three latest SHOP Retained Earnings figures stand at -$4.0 million (Q1 2026), $2.9 billion (Q4 2025), and $2.1 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 57.69 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | 350.50 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -4.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | -421.00 Mn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 23.95 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 6.01 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -853.10 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 12.09 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 7.44 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | -3.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.00 Mn |
| Dec 31, 2025 | 2.86 Bn |
| Sep 30, 2025 | 2.12 Bn |
| Jun 30, 2025 | 5.00 Mn |
| Mar 31, 2025 | -6.00 Mn |
| Dec 31, 2024 | -10.00 Mn |
| Dec 31, 2023 | 251.00 Mn |
| Dec 31, 2022 | -16.00 Mn |
| Dec 31, 2021 | 2.94 Bn |
| Dec 31, 2020 | 261.44 Mn |
| Dec 31, 2019 | 62.63 Mn |
| Dec 31, 2018 | 74.81 Mn |
| Dec 31, 2017 | 3.44 Mn |
| Dec 31, 2016 | 27.01 Mn |
| Dec 31, 2015 | 11.72 Mn |
| Dec 31, 2014 | -29.06 Mn |