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
DateValue
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