Shopify Inc.

SHOPNASDAQTechnology● Active

$112.07

+$2.53(+2.31%)

Market Cap$145.4B

P/E Ratio—

52W High$182.19

52W Low$94

Avg Volume10.2M

Open$113.58

Beta2.59

Net Income Financials Revenue

Shopify Inc. (SHOP) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

SHOP · net income · updated Jun 8, 2026

Core profitability metrics

SHOP · net income · margin · TTM · CAGR

Net income was $1.23B for FY2025 (fiscal year ending 2025-12-31), down 39.0% year-over-year. Net profit margin was 10.7%. Based on available data, Shopify Inc. has been profitable since at least 2020.

FY2025 Net Income$1.23B▼ -39.0% YoY

Trailing 12M (TTM)$1.33Btrailing 4 quarters sum

Net Profit Margin10.7%$1.23B ÷ $11.56B

YoY Change-39.0%—

5-Year CAGR+31.0%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2020

▸ FMP /income-statement · Annual · SHOP net income history · SHOP profit margin

Annual net income data

SHOP · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$1.23B▼ 39.0%10.7%$11.56B

FY2024$2.02B▲ +1429.5%22.7%$8.88B

FY2023$132.0M▲ +103.8%1.9%$7.06B

FY2022Loss−$3.46B▼ 218.7%-61.8%$5.60B

FY2021$2.91B▲ +812.2%63.2%$4.61B

Net income vs peers (Technology)

SHOP vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Shopify Inc.YOU

SHOP

$1.23B-39.0%10.7%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Shopify Inc. (SHOP) reported net income of $1.23B for FY2025 (fiscal year ending 2025-12-31), down 39.0% year-over-year. The net profit margin was 10.7% — meaning the company kept $0.11 of every dollar of revenue as profit.

Based on available data, Shopify Inc. has been profitable since at least 2020. Net income reached a peak of $2.91B in FY2021. Data available for 14 fiscal years.

Shopify Inc.'s net profit margin was 10.7% for FY2025, based on the latest annual results.

Investors sometimes search for "Shopify Inc. net worth" — the company's market capitalization is a separate figure from SHOP net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

SHOP net income · 5 questions

Shopify Inc. is profitable. The company reported net income of $1.23B for FY2025, a net profit margin of 10.7%. Net income was down 39.0% year-over-year. Based on available data, Shopify Inc. has been profitable since at least 2020.

is SHOP profitabledoes SHOP make a profitSHOP profitabilitySHOP profitable company

▸ Source: FMP /income-statement · GAAP · Shopify Inc. · Shopify Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026