| SHOPIFY INC. |
Q4-CY2025 | Q3-CY2025 | Q2-CY2025 | Q1-CY2025 | Q4-CY2024 | Q3-CY2024 | Q2-CY2024 | Q1-CY2024 | Q4-CY2023 | Q3-CY2023 | Q2-CY2023 | Q1-CY2023 | Q4-CY2022 | Q3-CY2022 | Q2-CY2022 | Q1-CY2022 | Q4-CY2021 | Q3-CY2021 | Q2-CY2021 | Q1-CY2021 | Q4-CY2020 | Q3-CY2020 | Q2-CY2020 | Q1-CY2020 | Q4-CY2019 | Q3-CY2019 | Q2-CY2019 | Q1-CY2019 | Q4-CY2018 | Q3-CY2018 | Q2-CY2018 | Q1-CY2018 | Q4-CY2017 | Q3-CY2017 | Q2-CY2017 | Q1-CY2017 | Q4-CY2016 | Q3-CY2016 | Q2-CY2016 | Q1-CY2016 | Q4-CY2015 | Q3-CY2015 | Q2-CY2015 | Q1-CY2015 | Q4-CY2014 | Q3-CY2014 | Q2-CY2014 | Q1-CY2014 | Q4-CY2013 |
Balance Sheet Date | | | 2025-Jun-30 | 2025-Mar-31 | 2024-Dec-31 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal Period | | | Q2-FY2025 | Q1-FY2025 | Q4-FY2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Revenue | | | 2,680,000,000$ | 2,360,000,000$ | | | 2,045,000,000$ | 1,861,000,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cost Of Revenue | | | 1,378,000,000$ | 1,191,000,000$ | | | 1,000,000,000$ | 904,000,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gross Profit | | | 1,302,000,000$ | 1,169,000,000$ | | | 1,045,000,000$ | 957,000,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gross Margin | | | 48.58% | 49.53% | | | 51.10% | 51.42% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating Expenses | | | 939,000,000$ | 899,000,000$ | | | 772,000,000$ | 830,000,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating Income | | | 363,000,000$ | 270,000,000$ | | | 273,000,000$ | 127,000,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Income | | | 610,000,000$ | (1,105,000,000$) | | | (150,000,000$) | (462,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest Income | | | 106,000,000$ | 65,000,000$ | | | 80,000,000$ | 79,000,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest Expenses | | | 0$ | 0$ | | | 0$ | 0$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Income Before Tax | | | 1,079,000,000$ | (770,000,000$) | | | 203,000,000$ | (256,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Tax Expenses | | | 173,000,000$ | (88,000,000$) | | | 32,000,000$ | 17,000,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Income from Continuing Operations | | | 906,000,000$ | (682,000,000$) | | | 171,000,000$ | (273,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Income from Discontinued Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consolidated Income | | | 906,000,000$ | (682,000,000$) | | | 171,000,000$ | (273,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net Income | | | 906,000,000$ | (682,000,000$) | | | 171,000,000$ | (273,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Profit Margin | | | 33.81% | (28.90%) | | | 8.36% | (14.67%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings to Minority | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings to Common Shareholders | | | 906,000,000$ | (682,000,000$) | | | 171,000,000$ | (273,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings Per Share, Basic | | | 0.70$ | (0.53$) | | | 0.13$ | (0.21$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings Per Share, Diluted | | | 0.69$ | (0.53$) | | | 0.13$ | (0.21$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Average Shares, Basic | | | 1,297,746,050 | 1,295,377,376 | | | 1,288,900,183 | 1,287,376,719 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Average Shares, Diluted | | | 1,308,993,838 | 1,295,377,376 | | | 1,299,913,079 | 1,287,376,719 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EBIT | | | 1,079,000,000$ | (770,000,000$) | | | 203,000,000$ | (256,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EBITDA | | | 1,087,000,000$ | (762,000,000$) | | | 213,000,000$ | (246,000,000$) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |