← SHOPIFY INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $389.3m |
$673.3m
+72.94%
|
$1.1b
+59.40%
|
$1.6b
+47.05%
|
$2.9b
+85.63%
|
$4.6b
+57.43%
|
$5.6b
+22.42%
|
$7.2b
+27.65%
|
$8.9b
+23.21%
|
$11.6b
+30.14%
|
$13.3b
+14.82%
|
|
| Cost of Revenue | $179.8m |
$293.1m
+62.96%
|
$477.0m
+62.76%
|
$712.5m
+49.39%
|
$1.4b
+94.79%
|
$2.1b
+53.51%
|
$2.8b
+33.57%
|
$3.5b
+24.56%
|
$4.4b
+24.34%
|
$6.0b
+36.14%
|
$6.9b
+15.50%
|
|
| Gross Profit | $209.5m |
$380.3m
+81.51%
|
$596.3m
+56.81%
|
$865.6m
+45.18%
|
$1.5b
+78.08%
|
$2.5b
+60.95%
|
$2.8b
+11.00%
|
$3.5b
+27.63%
|
$4.5b
+27.23%
|
$5.6b
+24.22%
|
$6.3b
+14.10%
|
|
| Research and Development Expense | $74.3m | $136.0m | $230.7m | $355.0m | $552.1m | $854.4m | $1.5b | $1.7b | $1.4b | $1.5b | $1.6b | |
| Selling and Marketing Expense | $129.2m | $225.7m | $350.1m | $472.8m | $602.0m | $901.6m | $1.2b | $1.2b | $1.4b | $1.7b | $2.3b | |
| General and Administrative Expense | $43.1m | $67.7m | $107.4m | $178.9m | $245.3m | $374.8m | $708.0m | $491.0m | $410.0m | $471.0m | $491.0m | |
| Amortization of Intangible Assets | $3.6m | $6.8m | $10.1m | $18.9m | $31.9m | $24.5m | $54.0m | $38.0m | $14.0m | $13.0m | — | |
| Operating Expenses | $246.7m | $429.4m | $688.2m | $1.0b | $1.5b | $2.2b | $3.6b | $4.9b | $3.4b | $4.1b | $4.0b | |
| Operating Income (Loss) | ($37.2m) |
($49.2m)
-32.27%
|
($91.9m)
-86.99%
|
($141.1m)
-53.55%
|
$90.2m
+163.87%
|
$268.6m
+197.99%
|
($822.0m)
-405.98%
|
($1.4b)
-72.51%
|
$1.1b
+175.81%
|
$1.5b
+36.56%
|
$2.4b
+60.97%
|
|
| Interest Expense | — | — | — | — | $9.1m | $3.5m | $3.5m | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $274k | $1.3m | ($2.1m) | ($2.9m) | $669k | $286k | ($2.0m) | $1.0m | ($8.0m) | $26.0m | — | |
| Other income (expense): | ||||||||||||
| Income (Loss) from Equity Method Investments | — | — | — | — | — | $0 | $0 | ($58.0m) | ($138.0m) | ($40.0m) | — | |
| Nonoperating Income (Expense) | $1.8m | $9.2m | $27.4m | $45.3m | $150.2m | $2.9b | ($2.8b) | $1.6b | $1.2b | $41.0m | — | |
| Interest Income (Expense), Nonoperating, Net | $1.5m | $7.8m | $29.4m | $48.2m | $23.4m | $15.4m | $75.0m | $241.0m | $308.0m | $331.0m | $301.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | $64.6m | $95.8m | $240.4m | $3.1b | $3.6b | $185.0m | — | $1.5b | $2.3b | |
| Current Income Tax Expense (Benefit) | — | — | — | $65.0m | ($34.3m) | $35.0m | $24.0m | $54.0m | $131.0m | $292.0m | $413.0m | |
| Income Tax Expense (Benefit) | $0 | $0 | $0 | $29.0m | ($79.1m) | $225.9m | ($163.0m) | $53.0m | $209.0m | $278.0m | $413.0m | |
| Net Income (Loss) Attributable to Parent | ($35.4m) |
($40.0m)
-13.12%
|
($64.6m)
-61.40%
|
($124.8m)
-93.39%
|
$319.5m
+355.93%
|
$2.9b
+812.23%
|
($3.5b)
-218.71%
|
$132.0m
+103.82%
|
$2.0b
+1429.55%
|
$1.2b
-39.03%
|
$1.9b
+56.62%
|
|
| Earnings Per Share, Basic | — | — | — | ($0.11) | $0.27 | $2.34 | ($2.73) | $0.10 | $1.57 | $0.95 | $1.49 | |
| Earnings Per Share, Diluted | — | — | — | ($0.11) | $0.26 | $2.29 | ($2.73) | $0.10 | $1.55 | $0.94 | $1.48 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | 1.2b | 1.2b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | 1.2b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4b | $0 | $0 | — | |
| Income (Loss) Attributable to Parent, before Tax | — | — | — | ($95.8m) | $240.4m | $3.1b | ($3.6b) | $185.0m | $2.2b | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.