SHOP
Income statement / Annual
Last year (2024), Shopify Inc.'s total revenue was $8.88 B,
an increase of 25.78% from the previous year.
In 2024, Shopify Inc.'s net income was $2.02 B.
See Shopify Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$8.88 B |
$7.06 B |
$5.60 B |
$4.61 B |
$2.93 B |
$1.58 B |
$1.07 B |
$673.30 M |
$389.33 M |
$205.23 M |
| Cost of Revenue |
$4.41 B
|
$3.55 B
|
$2.85 B
|
$2.13 B
|
$1.39 B
|
$712.53 M
|
$476.96 M
|
$293.05 M
|
$179.84 M
|
$94.16 M
|
| Gross Profit |
$4.47 B
|
$3.52 B
|
$2.75 B
|
$2.48 B
|
$1.54 B
|
$865.64 M
|
$596.27 M
|
$380.25 M
|
$209.50 M
|
$111.07 M
|
| Gross Profit Ratio |
0.5
|
0.5
|
0.49
|
0.54
|
0.53
|
0.55
|
0.56
|
0.56
|
0.54
|
0.54
|
| Research and Development Expenses |
$1.37 B
|
$1.73 B
|
$1.50 B
|
$854.38 M
|
$552.13 M
|
$355.02 M
|
$230.67 M
|
$136.00 M
|
$74.34 M
|
$39.72 M
|
| General & Administrative Expenses |
$410.00 M
|
$491.00 M
|
$708.00 M
|
$374.84 M
|
$245.34 M
|
$153.77 M
|
$107.44 M
|
$67.72 M
|
$43.11 M
|
$18.73 M
|
| Selling & Marketing Expenses |
$1.39 B
|
$1.22 B
|
$1.23 B
|
$901.56 M
|
$602.05 M
|
$472.84 M
|
$350.07 M
|
$225.69 M
|
$129.21 M
|
$70.37 M
|
| Selling, General & Administrative Expenses |
$1.80 B
|
$1.71 B
|
$1.94 B
|
$1.28 B
|
$847.39 M
|
$626.61 M
|
$457.51 M
|
$293.41 M
|
$172.32 M
|
$89.11 M
|
| Other Expenses |
$227.00 M
|
$1.49 B
|
$135.00 M
|
$81.72 M
|
$51.85 M
|
$25.17 M
|
-$410.00 K
|
-$199.00 K
|
$0.00
|
$0.00
|
| Operating Expenses |
$3.40 B
|
$4.93 B
|
$3.58 B
|
$2.21 B
|
$1.45 B
|
$1.01 B
|
$688.19 M
|
$429.41 M
|
$246.66 M
|
$128.83 M
|
| Cost And Expenses |
$7.81 B
|
$8.48 B
|
$6.42 B
|
$4.34 B
|
$2.84 B
|
$1.72 B
|
$1.17 B
|
$722.46 M
|
$426.50 M
|
$222.99 M
|
| Interest Income |
$308.00 M
|
$241.00 M
|
$76.01 M
|
$15.36 M
|
$24.67 M
|
$48.18 M
|
$29.44 M
|
$7.85 M
|
$1.54 M
|
$200.00 K
|
| Interest Expense |
$0.00
|
$0.00
|
$1.15 M
|
$3.46 M
|
$9.56 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$36.00 M
|
$70.00 M
|
$93.00 M
|
$66.31 M
|
$70.06 M
|
$35.65 M
|
$27.05 M
|
$23.38 M
|
$13.97 M
|
$7.24 M
|
| EBITDA |
$1.34 B |
$144.00 M |
-$594.00 M |
$3.21 B |
$319.00 M |
-$60.16 M |
-$64.87 M |
-$25.78 M |
-$23.20 M |
-$10.52 M |
| EBITDA Ratio |
0.15
|
0.02
|
-0.11
|
0.7
|
0.11
|
-0.04
|
-0.06
|
-0.04
|
-0.06
|
-0.05
|
| Operating Income Ratio |
0.12
|
-0.2
|
-0.15
|
0.06
|
0.03
|
-0.09
|
-0.09
|
-0.07
|
-0.1
|
-0.09
|
| Total Other Income/Expenses Net |
$1.15 B
|
$1.60 B
|
-$2.80 B
|
$2.87 B
|
$150.21 M
|
$45.33 M
|
$27.37 M
|
$9.16 M
|
$1.81 M
|
-$1.03 M
|
| Income Before Tax |
$2.23 B
|
$185.00 M
|
-$3.62 B
|
$3.14 B
|
$240.36 M
|
-$95.82 M
|
-$64.55 M
|
-$40.00 M
|
-$35.36 M
|
-$18.79 M
|
| Income Before Tax Ratio |
0.25
|
0.03
|
-0.65
|
0.68
|
0.08
|
-0.06
|
-0.06
|
-0.06
|
-0.09
|
-0.09
|
| Income Tax Expense |
$209.00 M
|
$53.00 M
|
-$163.00 M
|
$225.93 M
|
-$79.15 M
|
$29.03 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
$2.02 B
|
$132.00 M
|
-$3.46 B
|
$2.91 B
|
$319.51 M
|
-$124.84 M
|
-$64.55 M
|
-$40.00 M
|
-$35.36 M
|
-$18.79 M
|
| Net Income Ratio |
0.23
|
0.02
|
-0.62
|
0.63
|
0.11
|
-0.08
|
-0.06
|
-0.06
|
-0.09
|
-0.09
|
| EPS |
1.56 |
0.1 |
-2.73 |
2.32 |
0.27 |
-0.11 |
-0.0611 |
-0.0418 |
-0.0421 |
-0.0304 |
| EPS Diluted |
1.55 |
0.1 |
-2.73 |
2.27 |
0.26 |
-0.11 |
-0.0611 |
-0.0418 |
-0.0421 |
-0.0304 |
| Weighted Average Shares Out |
$1.29 B
|
$1.28 B
|
$1.27 B
|
$1.25 B
|
$1.20 B
|
$1.13 B
|
$1.06 B
|
$957.75 M
|
$839.89 M
|
$617.16 M
|
| Weighted Average Shares Out Diluted |
$1.30 B
|
$1.30 B
|
$1.27 B
|
$1.27 B
|
$1.23 B
|
$1.13 B
|
$1.06 B
|
$957.75 M
|
$839.89 M
|
$617.16 M
|
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