SHOPIFY INC. Income Statement
SHOP / Information Technology|4 years of annual SEC 10-K data (FY2022-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 4 fiscal years. All figures from audited SEC 10-K filings.
SHOPIFY INC. reported $11.6B in revenue and $1.2B in net income for FY2025. Revenue has grown at a 27.3% compound annual rate over the past 3 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 4.84 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $11.6B | $8.9B | $7.1B | $5.6B |
| Cost of Revenue | $6.0B | $4.4B | $3.5B | $2.8B |
| Gross Profit | $5.6B | $4.5B | $3.5B | $2.8B |
| SG&A Expense | $471.0M | $410.0M | $491.0M | $708.0M |
| R&D Expense | $1.5B | $1.4B | $1.7B | $1.5B |
| Operating Income | $1.5B | $1.1B | -$1.4B | -$822.0M |
| Income Tax | $278.0M | $209.0M | $53.0M | -$163.0M |
| Net Income | $1.2B | $2.0B | $132.0M | -$3.5B |
| EPS (Basic) | $0.10 | -$2.73 | $0.10 | -$2.73 |
| EPS (Diluted) | $0.10 | -$2.73 | $0.10 | -$2.73 |
| Shares Outstanding | 1.3B | 1.3B | 1.3B | 1.3B |
| Gross Margin | 48.1% | 50.4% | 49.8% | 49.2% |
| Operating Margin | 12.7% | 12.1% | -20.1% | -14.7% |
| Profit Margin | 10.7% | 22.7% | 1.9% | -61.8% |