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Shopify Inc. (NASDAQ:SHOP)
CA · Delayed Price · Currency is USD
Also listed: SHOP.TO, 0VHA.L, 307.FTechnology · Software - Application
146.92-9.30 (-5.95%)
Market cap
$191B
Insider Score
Health Score
Analyst consensus
Listed since
May 20, 2015
Website
Insider Score
––Not scored
SHOP Insider Score
No insider has filed an open-market purchase or sale here in the last 90 days, so there is nothing to score yet.
Financial Health Score
Strong
From SHOP’s reported statements · Q3 2026 (trailing 12 months)
Profitability18 / 20
Keeps a healthy share of every dollar it sells.
- Revenue
- $14.17B
- Net income
- $2.13B
- Net margin
- 15.0%
Leverage20 / 20
Little or no net debt.
- Total debt
- $188.0M
- Cash
- $1.87B
- Net debt / EBITDA
- -0.70x
Liquidity20 / 20
Comfortably covers what is due within a year.
- Current assets
- $7.79B
- Current liabilities
- $1.60B
- Current ratio
- 4.86
Cash generation20 / 20
The business funds itself from operations.
- Operating cash flow
- $2.68B
- Free cash flow
- $2.66B
- FCF margin
- 18.8%
Dilution & runway20 / 20
Not funding itself by issuing shares.
- Shares outstanding
- 1286.9M
- Share growth (1y)
- -1.0%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
SHOP Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | 3.74 B | 3.58 B | 3.17 B | 3.67 B | 2.84 B | 2.68 B |
| Revenue Growth (YoY) | 31.58 % | 33.69 % | 34.32 % | 30.58 % | 31.54 % | 31.05 % |
| Cost of Revenue | 1.96 B | 1.88 B | 1.62 B | 1.98 B | 1.45 B | 1.38 B |
| Gross Profit | 1.78 B | 1.71 B | 1.55 B | 1.69 B | 1.39 B | 1.30 B |
| SG&A Expense | 596.00 M | 634.00 M | 611.00 M | 558.00 M | 525.00 M | 537.00 M |
| R&D Expense | 497.00 M | 445.00 M | 437.00 M | 390.00 M | 375.00 M | 394.00 M |
| Operating Expenses | 1.21 B | 1.22 B | 1.16 B | 1.06 B | 1.05 B | 1.01 B |
| Operating Income | 568.00 M | 488.00 M | 382.00 M | 631.00 M | 343.00 M | 291.00 M |
| Pretax Income | 499.00 M | 1.77 B | -634.00 M | 892.00 M | 308.00 M | 1.08 B |
| Tax Provision | 37.00 M | 273.00 M | -53.00 M | 149.00 M | 44.00 M | 173.00 M |
| Net Income | 462.00 M | 1.50 B | -581.00 M | 743.00 M | 264.00 M | 906.00 M |
| EPS (Basic) | 0.36 | 1.16 | -0.45 | 0.58 | 0.20 | 0.70 |
| EPS (Diluted) | 0.36 | 1.16 | -0.45 | 0.58 | 0.20 | 0.69 |
| Shares Outstanding | 1.29 B | 1.30 B | 1.30 B | 1.30 B | 1.30 B | 1.30 B |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.
Disclaimer — Informational only — not investment advice. Insider transaction data is sourced from SEC Form 4 filings; market data from public feeds and may be delayed. The Insider Score is a proprietary score for research purposes and does not predict future performance. Always do your own research.