SHOPIFY INC.

Listed Company

SHOPCIK 0001594805NasdaqLarge AcceleratedServices-Prepackaged SoftwareZ4CAFY ends Dec 31

Period

FY 2025

Revenue

$11.56B

Net Income

$1.23B

Total Assets

—

Equity

—

Shares Out

Op. Cash Flow

$2.03B

SHOP$119.59+4.25% · past yearDBEQ Basic

Daily closing prices

Business

Shopify provides a cloud-based, multi-channel commerce platform that enables merchants of all sizes to start, run and grow their businesses online and offline. The company offers subscription solutions (platform subscriptions, POS Pro, apps, domains, themes) and merchant solutions (payments processing, lending, shipping, advertising). Shopify operates globally across more than 175 countries, serving millions of merchants through a partner ecosystem of app developers, theme designers and service professionals.

Summary from 10-K filed 2026-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Revenues	11,556	8,880	7,060	5,600
Cost of revenues	6,001	4,408	3,545	2,846
Gross profit	5,555	4,472	3,515	2,754
Sales and marketing	1,663	1,393	1,220	1,230
Research and development	1,536	1,367	1,730	1,503
General and administrative	471	410	491	708
Transaction and loan losses	417	227	152	135
Impairment on sales of Shopify's logistics businesses	0	0	1,340	0
Total operating expenses	4,087	3,397	4,933	3,576
Income (loss) from operations	1,468	1,075	−1,418	−822
Interest income	331	308	241	75
Net realized gain (loss) on equity and other investments	33	3	−5	124
Net unrealized (loss) gain on equity and other investments	−186	988	1,424	−2,998
Net loss on equity method investment	−40	−138	−58	0
Realized loss on embedded derivative	−123	0	0	—
Foreign exchange gain (loss)	26	−8	1	−2
Total other income, net	41	1,153	1,603	−2,801
Income before income taxes	1,509	2,228	185	—
Provision for income taxes	−278	−209	−53	163
Net income	1,231	2,019	132	−3,460
Basic (in dollars per share)	0.95	1.57	0.1	−2.73
Diluted (in dollars per share)	0.94	1.55	0.1	−2.73
Basic (in shares)	1,299	1,290	1,282	1,266
Diluted (in shares)	1,305	1,302	1,296	1,266
Unrealized gain (loss) on cash flow hedges	15	−19	20	−10
Tax effect on unrealized gain (loss) on cash flow hedges	−4	5	0	0
Total other comprehensive income (loss)	11	−14	20	−10
Comprehensive income	1,242	2,005	152	−3,470

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,545	1,498	1,413	—	—
Marketable securities	4,233	3,981	3,595	—	—
Trade and other receivables, net	500	342	282	—	—
Loans and merchant cash advances, net	1,784	1,224	816	580	—
Other current assets	234	209	169	—	—
Total current assets	8,296	7,254	6,275	—	—
Property and equipment, net	53	47	49	—	—
Operating lease right-of-use assets, net	88	93	98	—	—
Intangible assets, net	30	22	29	—	—
Deferred tax assets	33	37	44	—	—
Other long-term assets	39	21	0	—	—
Long-term investments	975	709	115	—	—
Equity and other investments ($3,619 and $3,930, carried at fair value)	4,582	4,647	3,482	—	—
Equity method investment	602	642	780	—	—
Goodwill	491	452	427	1,836	—
Total long term assets	6,893	6,670	5,024	—	—
Total assets	15,189	13,924	11,299	—	—
Accounts payable and accrued liabilities	1,075	737	579	—	—
Deferred revenue	300	283	302	296	—
Operating lease liabilities	17	18	17	—	—
Convertible senior notes	0	918	0	—	—
Total current liabilities	1,392	1,956	898	—	—
Deferred revenue	98	147	196	268	—
Operating lease liabilities	171	190	217	—	—
Deferred tax liabilities	55	73	6	—	—
Total long term liabilities	324	410	1,335	—	—
Contingencies (Note 17)	—	—	—	—	—
Common stock, unlimited Class A subordinate voting shares authorized, 1,225,830,706 and 1,215,229,233, issued and outstanding; unlimited Class B restricted voting shares authorized, 78,073,594 and 79,350,906 issued and outstanding; 1 Founder share authorized, 1 and 1 issued and outstanding	10,376	9,634	9,201	—	—
Additional paid-in capital	236	305	251	—	—
Accumulated other comprehensive income (loss)	1	−10	4	—	—
Accumulated surplus	2,860	1,629	−390	—	—
Total shareholders equity	13,473	11,558	9,066	8,239	11,133
Total liabilities and shareholders equity	15,189	13,924	11,299	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Amortization and depreciation	31	36	70	93
Stock-based compensation	449	430	615	549
Impairment of right-of-use assets and leasehold improvements	13	0	38	84
Provision for transaction and loan losses	230	148	80	74
Deferred income tax (recovery) expense	−14	78	−1	−187
Revenue related to non-cash consideration	−49	−94	−158	−121
Impairment on sales of Shopify's logistics businesses	0	0	1,340	0
Net loss (gain) on equity and other investments	153	−992	−1,419	2,919
Unrealized foreign exchange (gain) loss	−57	19	−6	12
Trade and other receivables	−219	−148	−98	−105
Merchant cash advances and related receivables, net	−141	−82	214	−23
Other current and long-term assets	−38	−72	−50	−31
Accounts payable and accrued liabilities	262	110	69	28
Deferred revenue	19	26	60	32
Net cash provided by operating activities	2,033	1,616	944	−136
Purchases of property and equipment	−26	−19	−39	−50
Purchases of marketable securities	−7,040	−8,396	−5,841	−5,011
Maturities of marketable securities	6,552	7,457	5,590	6,890
Purchases and originations of loans	−4,014	−3,006	−1,861	−526
Repayments and sales of loans	3,435	2,542	1,338	367
Purchases of equity and other investments	−99	−137	−364	−635
Acquisition of businesses, net of cash acquired	−56	−30	−31	−1,754
Other	58	3	−36	0
Net cash used in investing activities	−1,190	−1,586	−1,244	−719
Proceeds from the exercise of stock options	232	61	60	18
Maturities of convertible senior notes	−1,043	0	0	—
Net cash (used in) provided by financing activities	−811	61	60	18
Effect of foreign exchange on cash, cash equivalents and restricted cash	15	−6	4	−17
Net increase (decrease) in cash, cash equivalents and restricted cash	47	85	−236	−854
Cash paid for income taxes, net	194	116	50	27
Cash paid for interest	1	1	1	1

Filings

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Frequently asked questions

What is SHOPIFY INC.'s CIK number?

SHOPIFY INC.'s SEC CIK number is 0001594805 (1594805). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SHOPIFY INC.'s SEC filings?

All of SHOPIFY INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SHOPIFY INC. last report earnings?

SHOPIFY INC. (SHOP) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001594805-26-000018). This is SHOPIFY INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is SHOPIFY INC.'s most recent earnings 8-K?

SHOPIFY INC.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001594805-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View SHOPIFY INC.'s latest earnings 8-K →
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