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SHOPIFY INC.

SHOP

Companies in Services-Prepackaged Software

SHOPIFY INC. (SHOP) — SEC Financial Statements & Analysis

SHOPIFY INC. (SHOP) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
1,8481,5452,4141,5421,309
Marketable Securities Current
3,8954,2333,9354,2784,205
Accounts And Other Receivables Net Current
449500396350297
Notes And Loans Receivable Net Current
2,0971,7841,7331,5971,392
Prepaid Expense And Other Assets Current
206234227234242
Assets Current
8,4958,2968,7058,0017,445
Assets Noncurrent
Property Plant And Equipment Net
5453514646
Operating Lease Right Of Use Asset
84889497105
Intangible Assets Net Excluding Goodwill
2830333639
Deferred Income Tax Assets Net
11733293198
Other Assets Noncurrent
3039232823
Marketable Securities Noncurrent
708975676831894
Equity Method Investments
581602574595619
Goodwill
491491491491491
Assets Noncurrent
5,6266,8936,3346,5605,955
Assets
14,12115,18915,03914,56113,400
Liabilities And Stockhold…
Liabilities Current
Accounts Payable And Accrued Liabilities Current
1,0341,075974841776
Contract With Customer Liability Current
321300300298295
Operating Lease Liability Current
1617192019
Convertible Debt Current
-0920919919
Liabilities Current
1,3711,3922,2132,0782,009
Liabilities Noncurrent
Contract With Customer Liability Noncurrent
8698110123135
Operating Lease Liability Noncurrent
163171176200200
Deferred Income Tax Liabilities Net
05529365
Liabilities Noncurrent
249324315359340
Stockholders Equity
Common Stock Value
9,97110,37610,1239,9859,831
Additional Paid In Capital
255236272281279
Accumulated Other Comprehensive Income Loss Net Of…
-41-15-6
Retained Earnings Accumulated Deficit
2,2792,8602,1171,853947
Stockholders Equity
12,50113,47312,51112,12411,051
Liabilities And Stockholders Equity
14,12115,18915,03914,56113,400
Common Class A
1,2201,226221,218
Common Class B
78780-079
Founder Share
00000

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
202610.29%-----------
202514.06%20.90%32.37%-8.79%-9.46%11.65%-1.43%6.15%-14.32%9.68%-0.39%7.55%
2024----------18.98%-37.79%-19.69%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
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Liquidity Ratios
Current Ratio
6.20
5.96
3.93
3.85
3.71
-
Quick Ratio
6.05
5.79
3.83
3.74
3.59
-
Working Capital
7.12B
6.90B
6.49B
5.92B
5.44B
-
Leverage & Debt
Debt to Equity
0.13
0.13
0.20
0.20
0.21
-
Debt Ratio
0.11
0.11
0.17
0.17
0.18
-
Efficiency & Turnover
Asset Turnover TTM
0.90
0.76
0.52
-
-
-
Per Share Metrics
Diluted EPS TTM
1.02
0.94
0.37
-
-
-
Free Cash Flow Per Share TTM
1.63
1.55
0.99
-
-
-
Dividend Per Share TTM
0.00
0.00
0.00
-
-
-
Margin Metrics
Gross Profit Margin TTM
47.97%
48.07%
48.99%
-
-
-
Operating Profit Margin TTM
13.32%
12.70%
10.62%
-
-
-
Net Profit Margin TTM
10.77%
10.65%
6.19%
-
-
-
Valuation Metrics
P/E TTM
116.07
169.86
395.91
-
-
-
P/B
12.37
15.52
15.44
12.35
11.19
-
P/S TTM
12.50
18.09
24.51
-
-
-
Market Cap
154.60B
209.09B
193.20B
149.70B
123.68B
137.15B
Enterprise Value
152.94B
207.74B
190.98B
148.37B
122.59B
137.15B
Calculated Values
Free Cash Flow TTM
2.12B
2.01B
1.29B
-
-
-
Net Debt
-1.67B
-1.36B
-2.22B
-1.32B
-1.09B
0.00
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Institutional Ownership

2026-03-31
57.76%
Inst. Shares: 752,759,232
Shares Outstanding: 1,303,357,874
2025-12-31
61.35%
Inst. Shares: 796,923,843
Shares Outstanding: 1,298,955,860
2025-09-30
60.78%
Inst. Shares: 790,219,192
Shares Outstanding: 1,300,069,685
2025-06-30
61.22%
Inst. Shares: 794,491,455
Shares Outstanding: 1,297,746,050
2025-03-31
59.43%
Inst. Shares: 769,873,927
Shares Outstanding: 1,295,377,376

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SHOPIFY INC. (SHOP) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 50+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.