Company Analysis

Shopify Inc. (SHOP)

Nasdaq: SHOP · Services-Prepackaged Software · Ottawa, ON · filing with the SEC since 2014
Grade6.1
◀ Past 5.1● Present 7.0▶ Future 5.9
1 est.
The companyfiscal 2025, as filed
Revenue$11.56B+30.1%
Net income$1.23B-39.0%
Earnings per share$0.94-39.4%
Operating cash flow$2.03B+25.8%
Cash$1.54B+3.1%
Debtn/a
Shareholders’ equity$13.47B+16.6%
Shares, diluted1.30B+0.3%
Return on equity9.1%
The recordfrom its filings
Filings in 202655
Newest filingNov 3 · 10-Q
Annual reportFeb 11, 2026
Quarterly reportNov 3, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$0.00
Insider buys, 12 months$0.00
Patents granted305
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $14.17BNet income $2.13BCash from operations $2.68Bthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Shopify reported second-quarter 2026 revenue of $3.58 billion, up 34 percent from a year earlier, in its results release of 5 August 3. Income from operations, profit before interest, taxes and investment gains, was $488 million against $291 million a year before 3. Merchants processed $115.6 billion of orders on the platform in the quarter, up 32 percent 2.

The largest part of the rise in merchant solutions revenue came from Shopify Payments, the company's own card processing for its merchants 2. That line rose $624 million in the quarter, and 68 percent of orders went through it, up from 64 percent a year earlier 2.

Net income was $1.50 billion, but $1.06 billion of it came from marking up the company's stakes in other companies 3. Without that effect, net income was $439 million 3.

Losses on failed payments and unpaid loans rose to $141 million from $80 million, because lending offerings expanded 2. For the third quarter, the company expects revenue to grow at a low-thirties percentage rate 3.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Nov 3, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Nov 3, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Nov 3, 2026 · SEC EDGAR · Form S-3ASR
Shelf registration
Open the filing on sec.gov
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SI Assistanton SHOP · research, not advice