FN2 Earnings Intelligence
Shopify Inc. financials
Shopify Inc. (SHOP) financial statements and key operating metrics from FN2 Research.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 12/31/2025 |
|---|---|---|
| Market Cap | - | - |
| - Cash | $1,498 | $1,545 |
| + Debt | - | - |
| Enterprise Value | - | - |
| Revenue | $8,880 | $11,556 |
| % Growth | - | 30.1% |
| Gross Profit | $4,472 | $5,555 |
| % Margin | 50.4% | 48.1% |
| EBITDA | $1,111 | $1,499 |
| % Margin | 12.5% | 13.0% |
| Net Income | $2,019 | $1,231 |
| % Margin | 22.7% | 10.7% |
| Diluted EPS | $1.55 | $0.94 |
| % Growth | - | -39.4% |
| Operating Cash Flow | $1,616 | $2,033 |
| CapEx | $19 | $26 |
| Free Cash Flow | $1,597 | $2,007 |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 12/31/2025 |
|---|---|---|
| Revenue | $8,880 | $11,556 |
| Gross Profit | $4,472 | $5,555 |
| EBITDA | $1,111 | $1,499 |
| Net Income | $2,019 | $1,231 |
| Diluted EPS | $1.55 | $0.94 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 12/31/2025 |
|---|---|---|
| Cash & Equivalents | $1,498 | $1,545 |
| Short-term Debt | - | - |
| Long-term Debt | $918 | - |
| Total Debt | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 12/31/2025 |
|---|---|---|
| Operating Cash Flow | $1,616 | $2,033 |
| Capital Expenditure | $19 | $26 |
| Free Cash Flow | $1,597 | $2,007 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 12/31/2025 |
|---|---|---|
| Revenue Growth | - | 30.1% |
| Gross Margin | 50.4% | 48.1% |
| EBITDA Margin | 12.5% | 13.0% |
| Net Margin | 22.7% | 10.7% |
| FCF Margin | 18.0% | 17.4% |
| Diluted EPS Growth | - | -39.4% |
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