stockportfolio.pro
Shopify Inc. (SHOP)
Technology · Software - Application · NasdaqGS
Shopify Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $5.60B | $7.06B | $8.88B | $11.56B |
| Gross profit | $2.75B | $3.52B | $4.47B | $5.55B |
| Net income | $-3.46B | $132.00M | $2.02B | $1.23B |
| Net margin | -61.8% | 1.9% | 22.7% | 10.7% |
Source: Shopify Inc. SEC filings (10-K).
What growth is priced into SHOP stock?
At today's market cap of $136.58B, Shopify Inc. is priced for free-cash-flow growth of about 24.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.01B from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Shopify Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track SHOP in your portfolio →
Shopify Inc. financial history by metric
About Shopify Inc.
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.
Shopify Inc. — frequently asked questions
What is Shopify Inc.'s revenue?
Shopify Inc. (SHOP) reported revenue of $11.56B for fiscal year 2025, up 30.1% from the prior year, according to its SEC filings.
Is Shopify Inc. profitable?
Yes. SHOP earned net income of $1.23B in fiscal 2025, a net margin of 10.7%.
What is SHOP's P/E ratio?
Shopify Inc. trades at a price-to-earnings ratio of about 103.2 based on the latest data in our nightly-refreshed cache.
How fast is Shopify Inc. growing?
SHOP's revenue grew at roughly 27.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Shopify Inc. have?
As of fiscal year 2025, SHOP carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Shopify Inc.'s gross margin?
SHOP's gross margin was 48.1% in fiscal 2025 — gross profit of $5.55B on revenue of $11.56B.
What is Shopify Inc.'s market cap?
Shopify Inc. (SHOP) has a market capitalization of about $136.58B, based on the latest data in our nightly-refreshed cache.
When does Shopify Inc.'s fiscal year end?
SHOP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into SHOP stock?
At today's market cap of $136.58B, Shopify Inc. is priced for free-cash-flow growth of about 24.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.01B from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Shopify Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.