SHOP
Income statement / Annual
Last year (2023), Shopify Inc.'s total revenue was $7.06 B,
an increase of 26.07% from the previous year.
In 2023, Shopify Inc.'s net income was $132.00 M.
See Shopify Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$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
|
$105.02 M
|
| Cost of Revenue |
$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 |
$43.22 M |
| Gross Profit |
$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 |
$61.80 M |
| Gross Profit Ratio |
0.5 |
0.49 |
0.54 |
0.53 |
0.55 |
0.56 |
0.56 |
0.54 |
0.54 |
0.59 |
| Research and Development
Expenses |
$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
|
$25.92 M
|
| General & Administrative
Expenses |
$491.00 M
|
$707.77 M
|
$374.84 M
|
$245.34 M
|
$178.93 M
|
$107.44 M
|
$67.72 M
|
$43.11 M
|
$18.73 M
|
$11.57 M
|
| Selling & Marketing
Expenses |
$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
|
$45.93 M
|
| Selling, General &
Administrative Expenses |
$1.71 B
|
$1.94 B
|
$1.28 B
|
$847.39 M
|
$651.78 M
|
$457.51 M
|
$293.41 M
|
$172.32 M
|
$89.11 M
|
$57.50 M
|
| Other Expenses |
$152.00 M |
$134.93 M |
$81.72 M |
$51.85 M |
$45.33 M |
$0.00 |
$9.16 M |
$1.81 M |
-$1.03 M |
$0.00 |
| Operating Expenses |
$3.59 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 |
$83.41 M |
| Cost And Expenses |
$7.14 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 |
$126.63 M |
| Interest Income |
$241.00 M |
$79.14 M |
$15.36 M |
$23.43 M |
$48.18 M |
$29.44 M |
$7.85 M |
$1.54 M |
$200,000.00 |
$57,000.00 |
| Interest Expense |
$0.00 |
$1.15 M |
$1.15 M |
$8.58 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$70.00 M
|
$86.93 M
|
$65.72 M
|
$73.76 M
|
$36.48 M
|
$25.67 M
|
$24.22 M
|
$13.80 M
|
$7.24 M
|
$4.67 M
|
| EBITDA |
-$8.00 M
|
-$383.00 M
|
$334.95 M
|
$160.21 M
|
-$61.56 M
|
-$68.70 M
|
-$25.78 M
|
-$23.20 M
|
-$10.52 M
|
-$16.94 M
|
| EBITDA Ratio |
-0 |
-0.13 |
0.07 |
0.05 |
-0.07 |
-0.06 |
-0.04 |
-0.06 |
-0.05 |
-0.15 |
| Operating Income Ratio
|
0.04
|
-0.15
|
0.06
|
0.03
|
-0.09
|
-0.09
|
-0.07
|
-0.1
|
-0.09
|
-0.21
|
| Total Other
Income/Expenses Net |
-$75.00 M
|
-$2.66 B
|
$2.87 B
|
$66.74 M
|
$20.16 M
|
$27.37 M
|
$9.16 M
|
$1.81 M
|
-$1.03 M
|
-$696,000.00
|
| Income Before Tax |
$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 |
-$22.31 M |
| Income Before Tax Ratio
|
0.03
|
-0.65
|
0.68
|
0.08
|
-0.06
|
-0.06
|
-0.06
|
-0.09
|
-0.09
|
-0.21
|
| Income Tax Expense |
$53.00 M |
-$162.43 M |
$225.93 M |
-$79.15 M |
$29.03 M |
$27.37 M |
-$840,892.00 |
$167,974.00 |
-$974,429.25 |
$696,000.00 |
| Net Income |
$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 |
-$22.31 M |
| Net Income Ratio |
0.02 |
-0.62 |
0.63 |
0.11 |
-0.08 |
-0.06 |
-0.06 |
-0.09 |
-0.09 |
-0.21 |
| EPS |
0.1 |
-2.73 |
2.32 |
0.28 |
-0.11 |
-0.0611 |
-0.0418 |
-0.0421 |
-0.0304 |
-0.0187 |
| EPS Diluted |
0.1 |
-2.73 |
2.27 |
0.27 |
-0.11 |
-0.0611 |
-0.0418 |
-0.0421 |
-0.0304 |
-0.0181 |
| Weighted Average Shares
Out |
$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
|
$1.20 B
|
| Weighted Average Shares
Out Diluted |
$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
|
$1.23 B
|
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