Shopify Inc. income statement

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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