MARKETS / NASDAQ / SHOP
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Shopify Inc. SHOP

13 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$11.6B
▲ 30.1% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
ROE · FY25
9.8%
Net margin · FY25
10.7%
Dividend coverage
Advertisement
AdSense · Leaderboard 728×90320×100
Result
USD 11.6B
Revenue, FY2025 · full 13-year series below
Revenue Net income
481211.61.220132016201920222025
481211.61.22016201920222025

11 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.220132016201920222025
0.40.81.22016201920222025

The company pays no cash dividend.

Profitability
9.8%
Return on equity, FY2025
ROE
102030409.8%20132016201920222025
102030409.8%2016201920222025
Operating margin12.7%
Net margin10.7%
Return on assets8.5%

Each USD of equity produced 10 cents of profit this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+31.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+27.3%
+31.6%
+49.6%
Net income
+31.0%
EPS, diluted
−18.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

Advertisement
AdSense · Leaderboard 728×90300×250
Balance sheet
USD 15.2B
total assets, end of FY2025
Total assetsUSD 15.2B
EquityUSD 13.5B
CashUSD 1.5B
Current ratio5.96×

Equity funds 89% of total assets.

History
13 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Revenue $B
11.6
8.9
7.1
5.6
4.6
2.9
1.6
1.1
0.7
0.4
0.2
0.1
0.1
Operating income $B
1.5
1.1
−1.4
−0.8
0.3
0.1
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
1.5
1.1
−1.3
−0.7
0.3
0.2
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
0.3
0.2
0.1
−0.2
0.2
−0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
1.2
2.0
0.1
−3.5
2.9
0.3
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
9.8
19.6
1.5
−35.7
33.2
6.8
−4.9
−4.2
−5.7
−11.7
−14.3
−29.1
−5.7
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
50 of 50
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed