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SHOPIFY INC.

SHOP

$142.32 ▼ -5.24 (-3.55%) at close

22 Visible periods

24 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Neutral

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Analytical Summary

SHOPIFY INC. shows mixed fundamentals. Consider comparing against peers in the Technology sector before making investment decisions.

Market Cap $184.3B

Dividend Yield —

Revenue Growth 33.7% →

Op. Margin 13.6% ↗

ROIC 3.0% ↗

FCF / Share $0.50 ↗

Trailing P/E 122.7x

Price / Book 14.5x

FCF Yield 0.4%

Debt / Equity —

info Valuation on last close. End-of-day price, Sep 23, 2026.

22-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$3.58B

↑ +33.7% —

Net Income Profit after all expenses

$1.50B

↑ +65.8% —

Operating Margin Operating profit as % of sales

13.6%

↑ +13.0% 63th

FCF / Share Free cash flow per share

$0.50

↑ +55.3% —

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↑

Cash Quality ↑

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📈 Is growth accelerating? 4 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q4 FY2022 Dec 31, 2022 40-F ↗	Q4 FY2021 Dec 31, 2021 40-F ↗	Q4 FY2020 Dec 31, 2020 40-F ↗	Q4 FY2019 Dec 31, 2019 40-F ↗	Q4 FY2018 Dec 31, 2018 40-F ↗	Q4 FY2017 Dec 31, 2017 40-F ↗	Q4 FY2016 Dec 31, 2016 40-F ↗	Q4 FY2015 Dec 31, 2015 20-F ↗	Q4 FY2014 Dec 31, 2014 20-F ↗	Q4 FY2013 Dec 31, 2013 20-F ↗	Q4 FY2012 Dec 31, 2012 20-F ↗
Revenue Growth YoY (%)	33.7% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+181%)	34.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+186%)	30.6% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+155%)	31.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+163%)	31.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+159%)	26.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+123%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	65.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	15.1% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-43.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-68.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	438.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-152.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	65.8% Excellent ↑ Excellent Improving Year-over-year change in net income	14.8% Fair ↓ Fair Declining Year-over-year change in net income	-42.5% Weak ↓ Weak Declining Year-over-year change in net income	-68.1% Weak ↓ Weak Declining Year-over-year change in net income	429.8% Excellent Excellent Year-over-year change in net income	-149.8% Weak Weak Year-over-year change in net income	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	55.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	30.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	—	19.5% Good ↓ Good Declining Year-over-year change in free cash flow	25.9% Excellent Excellent Year-over-year change in free cash flow	55.5% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q4 FY2022 Dec 31, 2022 40-F ↗	Q4 FY2021 Dec 31, 2021 40-F ↗	Q4 FY2020 Dec 31, 2020 40-F ↗	Q4 FY2019 Dec 31, 2019 40-F ↗	Q4 FY2018 Dec 31, 2018 40-F ↗	Q4 FY2017 Dec 31, 2017 40-F ↗	Q4 FY2016 Dec 31, 2016 40-F ↗	Q4 FY2015 Dec 31, 2015 20-F ↗	Q4 FY2014 Dec 31, 2014 20-F ↗	Q4 FY2013 Dec 31, 2013 20-F ↗	Q4 FY2012 Dec 31, 2012 20-F ↗
Operating Margin (%) (%)	13.6% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	12.1% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	17.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	12.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	10.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	8.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	16.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	13.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	11.8% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	4.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	41.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+179%)	-18.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-222%)	20.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	9.3% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	33.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+125%)	-28.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-293%)	46.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+207%)	38.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+155%)	8.4% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	-14.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-198%)	—	—	—	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	18.3% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	15.0% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.5% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.8% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	15.7% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.4% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	21.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.5% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.3% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	12.5% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	0.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.82x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.96x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.92x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.53x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.51x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.95x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-0.85x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q4 FY2022 Dec 31, 2022 40-F ↗	Q4 FY2021 Dec 31, 2021 40-F ↗	Q4 FY2020 Dec 31, 2020 40-F ↗	Q4 FY2019 Dec 31, 2019 40-F ↗	Q4 FY2018 Dec 31, 2018 40-F ↗	Q4 FY2017 Dec 31, 2017 40-F ↗	Q4 FY2016 Dec 31, 2016 40-F ↗	Q4 FY2015 Dec 31, 2015 20-F ↗	Q4 FY2014 Dec 31, 2014 20-F ↗	Q4 FY2013 Dec 31, 2013 20-F ↗	Q4 FY2012 Dec 31, 2012 20-F ↗
Return on Invested Capital (%)	3.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.2% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	1.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	0.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
Return on Capital (%) (%)	3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.7% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	4.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.3% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	2.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	3.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	11.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	-4.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-125%)	5.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-70%)	2.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-89%)	7.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	-6.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-133%)	11.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	8.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-56%)	1.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-90%)	-3.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-117%)	—	—	—	—	—	—	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 1 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q4 FY2022 Dec 31, 2022 40-F ↗	Q4 FY2021 Dec 31, 2021 40-F ↗	Q4 FY2020 Dec 31, 2020 40-F ↗	Q4 FY2019 Dec 31, 2019 40-F ↗	Q4 FY2018 Dec 31, 2018 40-F ↗	Q4 FY2017 Dec 31, 2017 40-F ↗	Q4 FY2016 Dec 31, 2016 40-F ↗	Q4 FY2015 Dec 31, 2015 20-F ↗	Q4 FY2014 Dec 31, 2014 20-F ↗	Q4 FY2013 Dec 31, 2013 20-F ↗	Q4 FY2012 Dec 31, 2012 20-F ↗
Net Debt (USD)	$-1.66B	$-1.85B	$-1.54B	$-2.41B	$-1.54B	$-1.31B	$-1.50B	—	—	—	$-1.41B	$-1.65B	$-2.50B	$-2.70B	$-649.92M	$-410.68M	$-141.68M	$-84.01M	$-110.07M	$-41.95M	$-83.53M	$-17.66M

📊 What does each share earn? 6 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q4 FY2022 Dec 31, 2022 40-F ↗	Q4 FY2021 Dec 31, 2021 40-F ↗	Q4 FY2020 Dec 31, 2020 40-F ↗	Q4 FY2019 Dec 31, 2019 40-F ↗	Q4 FY2018 Dec 31, 2018 40-F ↗	Q4 FY2017 Dec 31, 2017 40-F ↗	Q4 FY2016 Dec 31, 2016 40-F ↗	Q4 FY2015 Dec 31, 2015 20-F ↗	Q4 FY2014 Dec 31, 2014 20-F ↗	Q4 FY2013 Dec 31, 2013 20-F ↗	Q4 FY2012 Dec 31, 2012 20-F ↗
Revenue per Share (USD)	$2.77	$2.43	—	$2.19	$2.07	$1.82	—	$1.68	$1.59	$1.45	—	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$1.16	$-0.45	$0.57	$0.20	$0.70	$-0.53	$1.01	$0.64	$0.13	$-0.21	—	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$0.50	$0.37	—	$0.39	$0.33	$0.28	—	$0.33	$0.26	$0.18	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$9.79	$9.59	—	$9.62	$9.34	$8.53	—	$7.84	$7.12	$6.91	—	—	—	—	—	—	—	—	—	$1.72	—	—
Tangible Book Value per Share (USD)	$9.39	$9.19	—	$9.22	$8.94	$8.12	—	$7.84	$7.12	$6.91	—	—	—	—	—	—	—	—	—	$1.66	—	—
Basic Weighted Avg Shares (shares)	1.30B	1.30B	—	1.30B	1.30B	1.30B	—	1.29B	1.29B	1.29B	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q4 FY2022 Dec 31, 2022 40-F ↗	Q4 FY2021 Dec 31, 2021 40-F ↗	Q4 FY2020 Dec 31, 2020 40-F ↗	Q4 FY2019 Dec 31, 2019 40-F ↗	Q4 FY2018 Dec 31, 2018 40-F ↗	Q4 FY2017 Dec 31, 2017 40-F ↗	Q4 FY2016 Dec 31, 2016 40-F ↗	Q4 FY2015 Dec 31, 2015 20-F ↗	Q4 FY2014 Dec 31, 2014 20-F ↗	Q4 FY2013 Dec 31, 2013 20-F ↗	Q4 FY2012 Dec 31, 2012 20-F ↗
Working Capital (USD)	$6.36B	$7.12B	$6.90B	$6.49B	$5.92B	$5.44B	$5.30B	—	—	—	$5.38B	$5.19B	$7.84B	$6.44B	$2.43B	$1.99B	$930.92M	$356.37M	$165.23M	$48.61M	—	—
Total Equity (USD)	$12.68B	$12.50B	$13.47B	$12.51B	$12.12B	$11.05B	$11.56B	$10.12B	$9.17B	$8.89B	$9.07B	$8.24B	$11.13B	$6.40B	$3.02B	$2.09B	$1.00B	$410.48M	$195.32M	$67.73M	$85.38M	$17.97M

📋 What is driving earnings? 4 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q4 FY2022 Dec 31, 2022 40-F ↗	Q4 FY2021 Dec 31, 2021 40-F ↗	Q4 FY2020 Dec 31, 2020 40-F ↗	Q4 FY2019 Dec 31, 2019 40-F ↗	Q4 FY2018 Dec 31, 2018 40-F ↗	Q4 FY2017 Dec 31, 2017 40-F ↗	Q4 FY2016 Dec 31, 2016 40-F ↗	Q4 FY2015 Dec 31, 2015 20-F ↗	Q4 FY2014 Dec 31, 2014 20-F ↗	Q4 FY2013 Dec 31, 2013 20-F ↗	Q4 FY2012 Dec 31, 2012 20-F ↗
Sales/Revenue/Turnover (USD)	$3.58B	$3.17B	$3.67B	$2.84B	$2.68B	$2.36B	$2.81B	$2.16B	$2.04B	$1.86B	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$7.00M	$7.00M	$7.00M	$8.00M	$8.00M	$8.00M	$8.00M	$8.00M	$10.00M	$10.00M	—	—	—	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$1.50B	$-581.00M	$743.00M	$264.00M	$906.00M	$-682.00M	$1.29B	$828.00M	$171.00M	$-273.00M	—	—	—	—	—	—	—	—	—	—	—	—
Operating Cash Flow (USD)	$658.00M	$481.00M	$725.00M	$513.00M	$428.00M	$367.00M	$615.00M	$423.00M	$340.00M	$238.00M	—	—	—	—	—	—	—	—	—	—	—	—

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Synced yesterday 14 years · 22 quarters

SHOPIFY INC.

Analytical Summary

22-Year Financial Trajectory

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