Shopify (SHOP) Retained Earnings (2014 - 2026)
Shopify's Retained Earnings came in at $3.78 billion for Q2 2026, up 104.0% from $1.85 billion a year earlier and up 65.9% from the prior quarter.
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Analysis
Shopify (SHOP) Retained Earnings (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify's Retained Earnings was $2.86 billion, up 75.6% from FY2024.
- Retained Earnings carries a five-year compound annual growth rate of 184.7% (FY2020 to FY2025).
- Going back by year, Retained Earnings was $1.63 billion in FY2024, -$390 million in FY2023, -$522 million in FY2022 and $2.94 billion in FY2021.
- The Q2 2026 figure represents the highest quarterly Retained Earnings in data going back to Q4 2014.
- Year-over-year, Retained Earnings has increased for three consecutive quarters.
- Business Quant data shows SHOP's Retained Earnings at $2.28 billion (Q1 2026), $2.86 billion (Q4 2025) and $2.12 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn | 493.37 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn | 157.84 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn | 50.97 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn | 103.45 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn | 3.78 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn | -7.95 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - | 43.05 Bn |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn | 47.74 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn | 480.87 Mn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn | -6.65 Bn |
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 | 15.29 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 |
API Access
Shopify Retained Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=retained-earnings&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=retained-earnings&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();