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
Close Price of Common Stock	161.23$	148.61$	115.33$	95.41$	106.38$	80.13$	66.08$	77.16$	77.93$
Market Cap of Common Stock	209,490,635,465$	193,099,105,824$	149,592,098,581$	123,515,891,157$
Market Cap of Common Stock QoQ%	8.49%	29.08%	21.11%
Market Cap of Common Stock YoY%
Common Shares Outstanding			1,299,368,184	1,297,078,805	1,294,580,140		1,289,799,290	1,288,127,993	1,286,570,294
Common Shares Outstanding QoQ%			.18%	.19%			.13%	.12%
Common Shares Outstanding YoY%			.74%	.70%	.62%
Total Revenue TTM
Total Revenue			2,680,000,000$	2,360,000,000$			2,045,000,000$	1,861,000,000$
Total Revenue QoQ%			13.56%				9.89%
Total Revenue YoY%			31.05%	26.81%
Gross Margin			48.58%	49.53%			51.10%	51.42%
Earnings to Common Shareholders TTM
Earnings to Common Shareholders			906,000,000$	(682,000,000$)			171,000,000$	(273,000,000$)
Earnings to Common Shareholders QoQ%			232.85%				162.64%
Earnings to Common Shareholders YoY%			429.83%	(149.82%)
Profit Margin			33.81%	(28.90%)			8.36%	(14.67%)
Equity to Common Shareholders			12,124,000,000$	11,051,000,000$	11,558,000,000$		9,172,000,000$	8,893,000,000$	9,066,000,000$
Equity to Common Shareholders QoQ			1,073,000,000$	(507,000,000$)			279,000,000$	(173,000,000$)
Equity to Common Shareholders QoQ%			9.71%	(4.39%)			3.14%	(1.91%)
Equity to Common Shareholders YoY			2,952,000,000$	2,158,000,000$	2,492,000,000$
Equity to Common Shareholders YoY%			32.19%	24.27%	27.49%
Dividends Paid
Additional Paid-In Capital QoQ			2,000,000$	(26,000,000$)
Treasury Stock
Treasury Stock QoQ
Price to Sales
Price to Earnings
Price to Book	17.28x	15.93x	12.34x	11.18x
Goodwill			491,000,000$	491,000,000$	452,000,000$				427,000,000$
Goodwill QoQ%			.00%	8.63%
Goodwill YoY%					5.86%
Other Intangible Assets			36,000,000$	39,000,000$	22,000,000$				29,000,000$
Other Intangible Assets QoQ			(3,000,000$)	17,000,000$
Amortization of Intangible Assets			3,000,000$	3,000,000$			4,000,000$	4,000,000$
Forward Price to Sales MRQ	19.54x	18.01x	13.95x	13.08x
Forward Price to Earnings MRQ	57.81x	53.28x	41.28x	-
Total Assets			14,561,000,000$	13,400,000,000$	13,924,000,000$				11,299,000,000$
Total Assets QoQ			1,161,000,000$	(524,000,000$)
Total Assets YoY					2,625,000,000$
Total Liabilities			2,437,000,000$	2,349,000,000$	2,366,000,000$				2,233,000,000$
Total Liabilities QoQ			88,000,000$	(17,000,000$)
Total Liabilities YoY					133,000,000$
Current Ratio			3.85x	3.71x	3.71x				6.99x
Total Current Assets			8,001,000,000$	7,445,000,000$	7,254,000,000$				6,275,000,000$
Total Current Assets QoQ			556,000,000$	191,000,000$
Total Current Liabilities			2,078,000,000$	2,009,000,000$	1,956,000,000$				898,000,000$
Total Current Liabilities QoQ			69,000,000$	53,000,000$
Debt to Asset Ratio			.17x	.18x	.17x				.20x
Long Term Debt
Long Term Debt QoQ
Long Term Debt YoY
Capital Lease Obligations
Interest Expenses			0$	0$			0$	0$
Cash and Cash Equivalents			1,542,000,000$	1,309,000,000$	1,498,000,000$				1,413,000,000$
Cash and Cash Equivalents QoQ			233,000,000$	(189,000,000$)
Cash and Cash Equivalents YoY					85,000,000$
Interest Income			106,000,000$	65,000,000$			80,000,000$	79,000,000$

• Income Statement
• Balance Sheet
• Cash Flow
• Ratios
• Market Data
• Valuation