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.
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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 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 493.37 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | 157.84 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | 50.97 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 103.45 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | 3.78 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | -7.95 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 43.05 Bn |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | 47.74 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 489.35 Mn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 2.66 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();