Shopify reported revenue of $3742.00M and net income of $462.00M for the quarter ended Sep 2026, up 31.6% year over year. This income statement covers 21 quarters of results from Dec 2014 through Sep 2026, standardized by Business Quant from the company’s SEC filings.
| Income StatementIncome Statement | Dec2014 | Dec2015 | Dec2016 | Dec2017 | Dec2018 | Dec2019 | Dec2020 | Dec2021 | Dec2022 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 | Sep2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||
| Revenue | 1,861.00M | 2,045.00M | 2,162.00M | 2,812.00M | 2,360.00M | 2,680.00M | 2,844.00M | 3,672.00M | 3,170.00M | 3,583.00M | 3,742.00M | ||||||||||
| Cost of RevenueCost of Rev | 904.00M | 1,000.00M | 1,044.00M | 1,460.00M | 1,191.00M | 1,378.00M | 1,453.00M | 1,979.00M | 1,624.00M | 1,875.00M | 1,961.00M | ||||||||||
| Gross Profit | 957.00M | 1,045.00M | 1,118.00M | 1,352.00M | 1,169.00M | 1,302.00M | 1,391.00M | 1,693.00M | 1,546.00M | 1,708.00M | 1,781.00M | ||||||||||
| Operating items | |||||||||||||||||||||
| Research & DevelopmentR&D | 335.00M | 349.00M | 332.00M | 351.00M | 377.00M | 394.00M | 375.00M | 390.00M | 437.00M | 445.00M | 497.00M | ||||||||||
| Selling, General & AdministrativeSG&A | 124.00M | 60.00M | 114.00M | 112.00M | 109.00M | 122.00M | 115.00M | 125.00M | 115.00M | 136.00M | 130.00M | ||||||||||
| Other Operating ExpensesOther Opex | 412.00M | 395.00M | 389.00M | 424.00M | 480.00M | 495.00M | 558.00M | 547.00M | 612.00M | 639.00M | 586.00M | ||||||||||
| Operating ExpensesOpex | 871.00M | 804.00M | 835.00M | 887.00M | 966.00M | 1,011.00M | 1,048.00M | 1,062.00M | 1,164.00M | 1,220.00M | 1,213.00M | ||||||||||
| Operating IncomeOp. Inc | 86.00M | 241.00M | 283.00M | 465.00M | 203.00M | 291.00M | 343.00M | 631.00M | 382.00M | 488.00M | 568.00M | ||||||||||
| Non-operating items | |||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -4.00M | 2.00M | 16.00M | -22.00M | 6.00M | 24.00M | -4.00M | -9.00M | -7.00M | 4.00M | |||||||||||
| Non Operating IncomeNon Op. Inc. | -342.00M | -38.00M | 577.00M | 956.00M | -973.00M | 788.00M | -35.00M | 261.00M | -1,016.00M | 1,287.00M | -69.00M | ||||||||||
| Net income details | |||||||||||||||||||||
| EBIT | 86.00M | 241.00M | 283.00M | 465.00M | 203.00M | 291.00M | 343.00M | 631.00M | 382.00M | 488.00M | 568.00M | ||||||||||
| EBT | -256.00M | 203.00M | 860.00M | 1,421.00M | -770.00M | 1,079.00M | 308.00M | 892.00M | -634.00M | 1,775.00M | 499.00M | ||||||||||
| Tax ProvisionsTaxes | 17.00M | 32.00M | 32.00M | 128.00M | -88.00M | 173.00M | 44.00M | 149.00M | -53.00M | 273.00M | 37.00M | ||||||||||
| Income After Tax | -273.00M | 171.00M | 828.00M | 1,293.00M | -682.00M | 906.00M | 264.00M | 743.00M | -581.00M | 1,502.00M | 462.00M | ||||||||||
| Equity Income | -44.00M | -44.00M | -28.00M | -22.00M | -23.00M | -24.00M | -21.00M | 28.00M | -21.00M | -22.00M | -21.00M | ||||||||||
| Income from Continuing OperationsIncome (Continuing) | -273.00M | 171.00M | 828.00M | 1,293.00M | -682.00M | 906.00M | 264.00M | 743.00M | -581.00M | 1,502.00M | 462.00M | ||||||||||
| Consolidated Net IncomeConsol Net Inc. | -273.00M | 171.00M | 828.00M | 1,293.00M | -682.00M | 906.00M | 264.00M | 743.00M | -581.00M | 1,502.00M | 462.00M | ||||||||||
| Income towards Parent CompanyParent Net Inc | -273.00M | 171.00M | 828.00M | 1,293.00M | -682.00M | 906.00M | 264.00M | 743.00M | -581.00M | 1,502.00M | 462.00M | ||||||||||
| Net Income towards Common StockholdersNet Income | -273.00M | 171.00M | 828.00M | 1,293.00M | -682.00M | 906.00M | 264.00M | 743.00M | -581.00M | 1,502.00M | 462.00M | ||||||||||
| Additional items | |||||||||||||||||||||
| EPS (Basic) | -0.21 | 0.13 | 0.64 | 1.00 | -0.53 | 0.70 | 0.20 | 0.57 | -0.45 | 1.16 | 0.36 | ||||||||||
| EPS (Diluted) | -0.21 | 0.13 | 0.64 | 0.99 | -0.53 | 0.69 | 0.20 | 0.57 | -0.45 | 1.16 | 0.36 | ||||||||||
| Shares Outstanding | 617.16M | 839.89M | 957.75M | 1,056.72M | 1,130.26M | 1,195.70M | 1,246.59M | 1,266.27M | 1,281.55M | 1,287.38M | 1,288.90M | 1,290.59M | 1,289.81M | 1,295.38M | 1,297.75M | 1,300.07M | 1,298.96M | 1,303.36M | 1,295.22M | 1,286.87M | |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 1,130.26M | 1,234.63M | 1,273.65M | 1,266.27M | 1,295.51M | 1,287.38M | 1,299.91M | 1,301.60M | 1,301.51M | 1,295.38M | 1,308.99M | 1,312.87M | 1,304.95M | 1,303.36M | 1,297.94M | 1,290.73M | |||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 800.90M | 894.05M | 998.78M | 1,103.93M | 1,164.29M | 1,225.29M | 1,258.97M | 1,266.27M | 1,281.55M | 1,288.13M | 1,289.80M | 1,291.73M | 1,289.81M | 1,295.38M | 1,297.75M | 1,300.07M | 1,298.96M | 1,303.36M | 1,295.22M | 1,286.87M | |
| EBITDA | 96.00M | 251.00M | 291.00M | 473.00M | 211.00M | 299.00M | 351.00M | 638.00M | 389.00M | 495.00M | 575.00M | ||||||||||
| Tax Rate | 15.76% | 3.72% | 9.01% | 16.03% | 14.29% | 16.70% | 15.38% | 7.41% |
Pull Shopify's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/statements?ticker=SHOP&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/statements"
params = {"ticker": "SHOP", "statement": "IS", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/statements?ticker=SHOP&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();