Shopify Quarterly Income Statement
NASDAQ: SHOPTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Shopify revenue and earnings
In the quarter ended Jun 30, 2026, Shopify generated $3.58 billion in revenue, up 33.7% from the same quarter a year earlier. Net income was $1.50 billion (+65.8% year over year), for a net margin of 41.9% versus a median of 9.3% in the prior 5 quarters. Gross margin was 47.7% (down from 48.6%) and operating margin 13.6%.
Diluted earnings per share came in at $1.16, up from $0.69.
Summary generated from market data by MetaCap's automated system. Methodology
Shopify income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.58B | 3.17B | 3.67B | 2.84B | 2.68B | 2.36B | 2.81B | 2.16B | 2.04B | 1.86B |
| Revenue growth (YoY) | +33.69% | +34.32% | +30.58% | +31.54% | +31.05% | +26.81% | — | — | — | — |
| Cost of Revenue | 1.88B | 1.62B | 1.98B | 1.45B | 1.38B | 1.19B | 1.46B | 1.04B | 1.00B | 904.00M |
| Gross Profit | 1.71B | 1.55B | 1.69B | 1.39B | 1.30B | 1.17B | 1.35B | 1.12B | 1.04B | 957.00M |
| Operating Expenses | 1.22B | 1.16B | 1.06B | 1.05B | 1.01B | 966.00M | 887.00M | 835.00M | 804.00M | 871.00M |
| Research & Development | 445.00M | 437.00M | 390.00M | 375.00M | 394.00M | 377.00M | 351.00M | 332.00M | 349.00M | 335.00M |
| Selling, General & Admin | 634.00M | 611.00M | 558.00M | 525.00M | 537.00M | 514.00M | 460.00M | 445.00M | 413.00M | 485.00M |
| Operating Income | 488.00M | 382.00M | 631.00M | 343.00M | 291.00M | 203.00M | 465.00M | 283.00M | 241.00M | 86.00M |
| Other Income (Expense) | 1.29B | -1.02B | 261.00M | -35.00M | 788.00M | -973.00M | 956.00M | 577.00M | -38.00M | -342.00M |
| Income Tax | 273.00M | -53.00M | 149.00M | 44.00M | 173.00M | -88.00M | 128.00M | 32.00M | 32.00M | 17.00M |
| Net Income | 1.50B | -581.00M | 743.00M | 264.00M | 906.00M | -682.00M | 1.29B | 828.00M | 171.00M | -273.00M |
| Net Income growth (YoY) | +65.78% | — | -42.54% | -68.12% | +429.82% | — | — | — | — | — |
| EPS (Basic) | 1.16 | -0.45 | 0.58 | 0.20 | 0.70 | -0.53 | 1.01 | 0.64 | 0.13 | -0.21 |
| EPS (Diluted) | 1.16 | -0.45 | 0.58 | 0.20 | 0.69 | -0.53 | 0.99 | 0.64 | 0.13 | -0.21 |
| Shares Outstanding (Basic) | 1.30B | 1.30B | — | 1.30B | 1.30B | 1.30B | — | 1.29B | 1.29B | 1.29B |
| Shares Outstanding (Diluted) | 1.30B | 1.30B | — | 1.31B | 1.31B | 1.30B | — | 1.30B | 1.30B | 1.29B |
| EBITDA | 495.00M | 389.00M | 638.00M | 351.00M | 299.00M | 211.00M | 473.00M | 291.00M | 251.00M | 96.00M |
| Gross Margin | 47.67% | 48.77% | 46.11% | 48.91% | 48.58% | 49.53% | 48.08% | 51.71% | 51.10% | 51.42% |
| Operating Margin | 13.62% | 12.05% | 17.18% | 12.06% | 10.86% | 8.60% | 16.54% | 13.09% | 11.78% | 4.62% |
| Net Margin | 41.92% | -18.33% | 20.23% | 9.28% | 33.81% | -28.90% | 45.98% | 38.30% | 8.36% | -14.67% |
This table shows 10 quarterly periods of Shopify's income statement, from Q2 2026 back to Q1 2024, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SHOP's reporting calendar. What is a income statement?