NasdaqGS · Technology · Financials
Shopify Inc (SHOP) financial statements and cash flow.
Revenue, profitability, balance-sheet strength, and cash generation for SHOP. Market data source · as of 2026-03-31.
Section freshness
Price Jul 31, 4:00 PM EDT · Statements Mar 30, 8:00 PM EDT
Financial read
SHOP latest financial snapshot.
Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.
Net income
-$581.00M
-178.2% QoQ
Free cash flow
$476.00M
-33.4% QoQ
Balance sheet coverage
SHOP balance sheet summary
Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.
12 quarterly · 2 annual rows · Market data source · as of 2026-03-31
Latest period
Q1 FY2026
12 quarterly · 2 annual rows
Assets / liabilities
$14.12B
Liabilities —
Cash / debt
$1.85B
Net cash —
Equity / working capital
$12.50B
Working capital $7.12B
Financial statements
SHOP statement coverage.
Income statement, balance sheet, and cash-flow figures for SHOP, with quarterly and annual history in the tables below.
Data last updated
Mar 30, 2026
Income periods
11
Balance-sheet periods
14
Cash-flow periods
11
Quarterly and annual SHOP statements, sourced from Market data source · as of 2026-03-31.
Financial statement period
SHOP statement history
Market data source · as of 2026-03-31 · Data last updated: Mar 30, 2026
Income statement
Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.
| Period | Revenue | Gross profit | Operating income | Interest income | Continuing ops | Net income | Comprehensive income | Net margin | Revenue QoQ | Net income QoQ |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2026 | $1.55B | $382.00M | -$581.00M | -178.2% | ||||||
| Q4 FY2025 | $1.69B | $631.00M | $743.00M | +181.4% | ||||||
| Q3 FY2025 | $1.39B | $343.00M | $264.00M | -70.9% | ||||||
| Q2 FY2025 | $1.30B | $291.00M | $906.00M | +232.8% | ||||||
| Q1 FY2025 | $1.17B | $203.00M | -$682.00M | -152.7% | ||||||
| Q4 FY2024 | $1.35B | $465.00M | $1.29B | +56.2% | ||||||
| Q3 FY2024 | $1.12B | $283.00M | $828.00M | +384.2% | ||||||
| Q2 FY2024 | $1.04B | $241.00M | $171.00M | +162.6% |
Balance sheet
Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.
| Period | Cash | Current assets | Current liabilities | Total assets | Total liabilities | Total debt | Capital leases | Total equity | Shares | Debt QoQ |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2026 | $1.85B | $8.49B | $1.37B | $14.12B | $12.50B | |||||
| Q4 FY2025 | $1.54B | $8.30B | $1.39B | $15.19B | $13.47B | |||||
| Q3 FY2025 | $2.41B | $8.71B | $2.21B | $15.04B | $12.51B | |||||
| Q2 FY2025 | $1.54B | $8.00B | $2.08B | $14.56B | $12.12B | |||||
| Q1 FY2025 | $1.31B | $7.45B | $2.01B | $13.40B | $11.05B | |||||
| Q4 FY2024 | $1.50B | $7.25B | $1.96B | $13.92B | $11.56B | |||||
| Q3 FY2024 | $10.12B | |||||||||
| Q2 FY2024 | $9.17B |
Cash flow
Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.
| Period | Operating cash flow | CapEx | Free cash flow | Net income | Stock comp | Debt issuance | Dividends paid | Buybacks | Change in cash | FCF QoQ |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2026 | $481.00M | $5.00M | $476.00M | -$581.00M | $491.00M | -33.4% | ||||
| Q4 FY2025 | $725.00M | $10.00M | $715.00M | $743.00M | +41.0% | |||||
| Q3 FY2025 | $513.00M | $6.00M | $507.00M | $264.00M | +20.1% | |||||
| Q2 FY2025 | $428.00M | $6.00M | $422.00M | $906.00M | +16.3% | |||||
| Q1 FY2025 | $367.00M | $4.00M | $363.00M | -$682.00M | — | -40.6% | ||||
| Q4 FY2024 | $615.00M | $4.00M | $611.00M | $1.29B | +45.1% | |||||
| Q3 FY2024 | $423.00M | $2.00M | $421.00M | $828.00M | +26.4% | |||||
| Q2 FY2024 | $340.00M | $7.00M | $333.00M | $171.00M | +43.5% |
Valuation and returns
- Enterprise value
- $150.35B
- Market data source
- Return on equity
- 10.52%
- Market data source
- Return on assets
- 9.40%
- Market data source
- Debt / equity
- 0.01
- Current ratio 6.20
Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.
Annual revenue and income multiples
Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.
- Annual income base
- $1.23B
- Annual statement 2025-12-31
- Market cap / annual income
- 123.49
- Live market value divided by annual net income
Annual sales and income multiple
Market capitalization bridge
TTM valuation multiples
- TTM EBIT
- $1.65B
- TTM operating income
Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.
Profit multiples
Revenue, net income, and free cash flow
Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.
Efficiency
Growth vs cost pressure
Cash conversion
TTM free cash flow / TTM operating income
Latest quarter expense mix
Profit bridge
Other income statement lines
Balance sheet · Q1 FY2026
- Cash & equivalents
- $1.85B
- Total equity
- $12.50B
Balance sheet detail
- Current assets
- $8.49B
- Current liabilities
- $1.37B
- Property, plant & equipment
- $54.00M
Debt and liquidity
Cash + short-term investments + receivables / current liabilities
Cash generation
- Operating cash flow
- $481.00M
- Capital expenditure
- $5.00M
- Free cash flow
- $476.00M
- Capital returned
- $491.00M
- Buybacks + dividends paid
Cash-flow detail
- Depreciation & amortization
- $7.00M
- Investing cash flow
- $310.00M
- Financing cash flow
- -$485.00M
- Stock issuance
- $6.00M
- Common stock issued
- Buybacks
- $491.00M
- Net buybacks
- $485.00M
- Repurchases less stock issuance
Cash flow read
SHOP runs cash-flow positive.
SHOP is generating $476.00M of free cash, which funds buybacks ($491.00M) and dividends (—) without leaning on the balance sheet. Watch the gap between FCF and net income — a widening gap is usually working-capital noise; a persistent gap is a signal.
Frequently asked
Common questions.
What financial data is available for SHOP?
The SHOP Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Shopify Inc. Missing modules and empty line items are omitted.
How current are SHOP's financial statements?
Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.
What is Shopify Inc's reported net margin?
Shopify Inc's fresh reported margin field is 10.77%. The Financials page shows the supporting period data currently available for SHOP.