Companies: 10,795·Total market cap: $144.5T
Shopify Inc.

Shopify Inc.

SHOP.TOTSXTechnology● Active
$152.79
$-8.75(-5.42%)
Market Cap$198.3B
P/E Ratio—
52W High$253.1
52W Low$129.01
Net IncomeFinancialsRevenue

Shopify Inc. (SHOP.TO) Net Income & Profit History

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

SHOP.TO · net income · updated Jun 8, 2026

Core profitability metrics

Net income was $1.25B for FY2025 (fiscal year ending 2025-12-31), down 38.0% 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$1.25B▼ -38.0% YoY
Trailing 12M (TTM)$1.35Btrailing 4 quarters sum
Net Profit Margin10.7%$1.25B ÷ $11.76B
YoY Change-38.0%—
5-Year CAGR+31.4%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 IncomeNet LossNet Margin %★ First Profit: 2020

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

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025$1.25B▼ 38.0%10.7%
FY2024$2.02B▲ +1429.5%22.7%
FY2023$132.0M▲ +103.8%1.9%
FY2022Loss−$3.46B▼ 218.7%-61.8%
FY2021$2.91B▲ +812.2%63.2%

Net income vs peers (Technology)

#CompanyNet IncomeYoY
#1
Shopify Inc.
Shopify Inc.YOU
SHOP.TO
$1.25B-38.0%
#2
Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited
TSM
$1.74T+49.8%#3
NVIDIA Corporation
NVIDIA Corporation
NVDA
$120.07B+64.7%#4
Apple Inc.
Apple Inc.
AAPL
$112.01B+19.5%#5
Microsoft Corporation
Microsoft Corporation
MSFT
$101.83B+15.5%#6
Broadcom Inc.
Broadcom Inc.
AVGO
$23.13B+292.3%
Technology · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Shopify Inc. (SHOP.TO) reported net income of $1.25B for FY2025 (fiscal year ending 2025-12-31), down 38.0% 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.TO 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.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

SHOP.TO net income · 5 questions

Shopify Inc. is profitable. The company reported net income of $1.25B for FY2025, a net profit margin of 10.7%. Net income was down 38.0% year-over-year. Based on available data, Shopify Inc. has been profitable since at least 2020.

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