Stocks Technology SHOP
NASDAQ · TechnologyShopify Inc. (SHOP)
Shopify Inc. brought in $13.3B of revenue over the twelve months to June 30, 2026, up 32.5% from a year earlier. Net income was $1.9B, a net margin of 14.5%. Operating cash flow minus capital spending left $2B of free cash flow in fiscal 2025. At June 30, 2026 it held $1.7B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.
Key facts about Shopify Inc.
- Net worth
- Shopify Inc. has a market value (market cap) of $228.4B at the latest share price, and shareholders' equity of $12.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $11.6B (+30.1% year on year), with net income of $1.2B. Over the 12 months to June 30, 2026: revenue $13.3B, net income $1.9B.
- Cash flow
- In fiscal 2025 operations brought in $2B of cash; after $26M of capital spending, free cash flow was $2B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 5, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Shopify Inc.'s next report is expected around November 3, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Shopify Inc. does
Shopify develops an e-commerce platform that enables merchants to build and operate online stores. Its software provides tools for website management, payment processing, inventory tracking, shipping logistics, and marketing to small businesses and enterprise brands selling products online and in physical stores. Its shares trade on NASDAQ under the ticker SHOP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $11.6B | $1.2B | $0.94 | $2B |
| 2024 | $8.9B | $2B | $1.55 | $1.6B |
| 2022 | $7.1B | $132M | $0.10 | $905M |
| 2022 | $5.6B | -$3.5B | -$2.73 | -$186M |
| 2021 | $4.6B | $2.9B | $2.29 | $484.9M |
| 2020 | $2.9B | $319.5M | $0.26 | $383.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SHOP ranks in Technology
Latest SEC filings
What Shopify Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 31, 2026Activist stake changed SCHEDULE 13D/A
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 34% to $3.6B versus the same quarter last year; diluted EPS $1.16 versus $0.69.
- August 5, 2026
- July 30, 2026Passive stake (5% or more) SCHEDULE 13G
- July 2, 2026
- June 16, 2026
- June 2, 2026
- May 28, 2026
- May 8, 2026Other event 8-K
- May 5, 2026Form S-8 POS filing S-8 POS
What is SHOP worth? A DCF from its reported cash flow
Insider trades
What the people running Shopify Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns SHOP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Shopify Strategic Holdings 3 LLC13D, may seek influence with 1 related filers | 20.83% | August 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 276 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Summit Partners L P | 18,852,778 | 0 |
| Capital International Investors | 10,482,971 | -1,220,888 |
| Vanguard Portfolio Management LLC | 7,692,774 | +160,859 |
| BlackRock, Inc. | 7,612,078 | +3,257,743 |
| Fmr LLC | 6,566,155 | -3,220,927 |
| Vanguard Capital Management LLC | 5,990,660 | -172,060 |
| Whale Rock Capital Management LLC | 5,528,166 | -1,297,040 |
| Wellington Management Group Llp | 5,049,414 | -430,029 |
| Morgan Stanley | 4,444,684 | -623,006 |
| Millennium Management LLC | 4,117,367 | +1,769,132 |
| Sands Capital Alternatives, LLC | 3,928,146 | +278,468 |
| Bank of America Corp | 3,819,545 | +2,132,775 |
| Geode Capital Management, LLC | 2,476,695 | +703,145 |
| State Street Corp | 2,319,638 | +1,163,818 |
| Greenoaks LLC | 2,316,796 | 0 |
| Capital World Investors | 2,097,263 | +57,215 |
| Goldman Sachs Group Inc | 1,784,550 | -376,743 |
| Two Sigma Investments, LP | 1,767,900 | -1,123,990 |
| Canada Pension Plan Investment Board | 1,708,900 | +951,800 |
| Jupiter Topco LLC | 1,614,070 | new |
Insiders
Questions about SHOP
What does Shopify Inc. do?
Shopify develops an e-commerce platform that enables merchants to build and operate online stores. Its software provides tools for website management, payment processing, inventory tracking, shipping logistics, and marketing to small businesses and enterprise brands selling products online and in physical stores. Its shares trade on NASDAQ under the ticker SHOP.
What is Shopify Inc.'s net worth?
Shopify Inc. has a market value (market cap) of $228.4B at the latest share price, and shareholders' equity of $12.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Shopify Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $1.9B on revenue of $13.3B, a net margin of 14.5%.
How much revenue does Shopify Inc. make?
Over the twelve months to June 30, 2026 Shopify Inc. reported revenue of $13.3B. That is 32.5% more than a year earlier.
When did Shopify Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the planned insider sale from September 25, 2026.
When is Shopify Inc.'s next earnings report?
Shopify Inc.'s next report is expected around November 3, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Shopify Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.