SHOPIFY INC.
SHOPNasdaqTechnology · CIK 0001594805
Price
$119.46
Market cap
$157.8B
Last synced Jul 2, 2026, 5:30 PM
Analyst report
Numbers from SEC XBRL filings; narrative bound to those numbers only.
Generated · Jul 2, 2026, 5:30 PM
Overview
SHOPIFY INC. is a publicly traded company with a current financial posture characterized by $3.17B in revenue and -$581.0M in net income for Q1. The company's revenue has grown 34.3% year-over-year, while net income has increased 14.8% year-over-year.
Key metrics — latest reported
Revenue
Q1 · 2026-03-31$3.17B
The 34.3% year-over-year increase in revenue to $3.17B is significant as it indicates strong growth momentum for the company.
SEC filing ↗Net income
Q1 · 2026-03-31-$581.0M
The 14.8% year-over-year increase in net income to -$581.0M is significant as it shows improvement in profitability despite the decline quarter-over-quarter.
SEC filing ↗Diluted EPS
Q1 · 2026-03-31$-0.45
Diluted EPS of $-0.45 for Q1 2026 is up 15.1% year-over-year, per the company's SEC filing.
SEC filing ↗Gross profit
Q1 · 2026-03-31$1.55B
The 32.2% year-over-year increase in gross profit to $1.55B is significant as it indicates expanding margins and strong cost management.
SEC filing ↗Operating income
Q1 · 2026-03-31$382.0M
The 88.2% year-over-year increase in operating income to $382.0M is significant as it highlights the company's ability to scale operations efficiently.
SEC filing ↗Operating cash flow
Q1 · 2026-03-31$481.0M
The 31.1% year-over-year increase in operating cash flow to $481.0M is significant as it demonstrates the company's capacity to generate cash from its core operations.
SEC filing ↗R&D expense
Q1 · 2026-03-31$437.0M
R&D expense of $437.0M for Q1 2026 is up 15.9% year-over-year, per the company's SEC filing.
SEC filing ↗Cash & equivalents
Q1 · 2026-03-31$1.85B
Cash & equivalents of $1.85B for Q1 2026 is up 19.6% year-over-year, per the company's SEC filing.
SEC filing ↗Total assets
Q1 · 2026-03-31$14.12B
Total assets of $14.12B for Q1 2026 is down 7% year-over-year, per the company's SEC filing.
SEC filing ↗Stockholders' equity
Q1 · 2026-03-31$12.50B
Stockholders' equity of $12.50B for Q1 2026 is down 7.2% year-over-year, per the company's SEC filing.
SEC filing ↗Earnings take
The latest reported period, Q1, shows significant revenue growth of 34.3% year-over-year and 11.5% quarter-over-quarter, with a net income increase of 14.8% year-over-year but a decline of 320.1% quarter-over-quarter. The diluted EPS is $-0.45, representing a 15.1% year-over-year increase but a 325% quarter-over-quarter decline.
Risks
- !Margin compression is a risk, as evidenced by the decline in net income quarter-over-quarter, which may impact future profitability.
- !The significant quarter-over-quarter decline in net income and diluted EPS may indicate volatility in the company's earnings.
- !The increase in R&D expense by 15.9% year-over-year to $437.0M may pose a risk if it does not translate into future revenue growth or competitive advantages.
Watch next quarter
- →Future revenue growth rates to assess the sustainability of the 34.3% year-over-year increase.
- →The company's ability to manage operating expenses and maintain profitability, given the significant quarter-over-quarter decline in net income.
- →The impact of the 88.2% year-over-year increase in operating income on future cash flow generation and investment in growth initiatives.
Quarterly trend — SEC XBRL
As reported in 10-Q/10-K filings; newest quarter first.
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.17B | $2.84B | $2.68B | $2.36B | $2.16B | $2.04B | $1.86B |
| Net income | -$581.0M | $264.0M | $906.0M | -$682.0M | $828.0M | $171.0M | -$273.0M |
| Diluted EPS | $-0.45 | $0.20 | $0.69 | $-0.53 | $0.64 | $0.13 | $-0.21 |
| Gross profit | $1.55B | $1.39B | $1.30B | $1.17B | $1.12B | $1.04B | $957.0M |
| Operating income | $382.0M | $343.0M | $291.0M | $203.0M | $283.0M | $241.0M | $86.0M |
| Operating cash flow | $481.0M | $513.0M | $428.0M | $367.0M | $423.0M | $340.0M | $238.0M |
SEC filings
10-K annual, 10-Q quarterly, 8-K current events — earnings-related filings are flagged.
News
Third-party headlines, each linked to its original source.
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Yahoo · Jun 30, 01:08 AM
Shopify launched a new Sidekick App Extensions framework that allows real-time AI integrations from third-party tools directly into merchant workflows. Trustpilot entered a partnership with Shopify to embed verified customer reviews and feedback management capabilities inside Shopify stores. Together, these moves expand the Shopify ecosystem with closer links between AI assistance, in-store analytics, and authenticated customer feedback. Shopify, traded as NasdaqGS:SHOP, is pushing deeper...
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Investing.com -- Trustpilot (LON: TRST) has partnered with Shopify (NASDAQ: SHOP) to allow merchants to display and manage Trustpilot reviews directly on their online stores, Bloomberg reported on Saturday.
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