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Shopify (SHOP) Financials

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$93.83 -4.55 (-4.62%)
Closing price 05/6/2025 04:00 PM Eastern
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$95.14 +1.31 (+1.40%)
As of 05/6/2025 07:59 PM Eastern
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Annual Income Statements for Shopify

Annual Income Statements for Shopify

This table shows Shopify's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -22 -19 -35 -40 -65 -125 320 2,915 -3,460 132 2,019
Consolidated Net Income / (Loss)		 -22 -19 -35 -40 -65 -125 320 2,915 -3,460 132 2,019
Net Income / (Loss) Continuing Operations		 -22 -19 -35 -40 -65 -125 320 2,915 -3,460 132 2,019
Total Pre-Tax Income 		-22 -19 -35 -40 -65 -96 240 3,141 -3,623 185 2,228
Total Operating Income		 -22 -18 -37 -49 -92 -141 90 269 -822 -1,418 1,075
Total Gross Profit		 62 113 209 380 596 866 1,542 2,481 2,754 3,515 4,472
Total Revenue		 105 205 389 673 1,073 1,578 2,929 4,612 5,600 7,060 8,880
Operating Revenue		 105 205 389 673 1,073 1,578 2,929 4,612 5,600 7,060 8,880
Total Cost of Revenue		 43 92 180 293 477 713 1,388 2,131 2,846 3,545 4,408
Operating Cost of Revenue		 17 25 39 293 477 713 1,388 2,131 2,846 3,545 4,408
Total Operating Expenses		 83 131 247 429 688 1,007 1,451 2,213 3,576 4,933 3,397
Selling, General & Admin Expense		 12 21 43 68 107 154 245 375 708 491 410
Marketing Expense		 46 70 129 226 350 473 602 902 1,230 1,220 1,393
Research & Development Expense		 26 40 74 136 231 355 552 854 1,503 1,730 1,367
Other Operating Expenses / (Income)		 - - - - - 25 52 82 135 152 227
Impairment Charge		 - - - - - - - - 0.00 1,340 0.00
Total Other Income / (Expense), net		 -0.70 -1.03 1.81 9.16 27 45 150 2,872 -2,801 1,603 1,153
Interest & Investment Income		 0.06 0.20 1.54 7.85 29 48 23 15 75 183 170
Other Income / (Expense), net		 -0.75 -1.23 0.27 1.31 -2.07 -2.85 136 2,860 -2,876 1,420 983
Income Tax Expense		 - - - - 0.00 29 -79 226 -163 53 209
Basic Earnings per Share		 ($0.57) ($0.30) ($0.42) ($0.42) ($0.61) ($1.10) $2.67 $2.34 ($2.73) $0.10 $1.57
Weighted Average Basic Shares Outstanding		 38.94M 61.72M 83.99M 95.77M 105.67M 113.03M 119.57M 1.25B 1.27B 1.28B 1.29B
Diluted Earnings per Share		 ($0.57) ($0.30) ($0.42) ($0.42) ($0.61) ($1.10) $2.59 $2.29 ($2.73) $0.10 $1.55
Weighted Average Diluted Shares Outstanding		 38.94M 61.72M 83.99M 95.77M 105.67M 113.03M 123.46M 1.27B 1.27B 1.30B 1.30B
Weighted Average Basic & Diluted Shares Outstanding		 38.94M 61.72M 83.99M 95.77M 105.67M 113.03M 122.53M 125.90M 1.29B 1.29B 1.29B

Quarterly Income Statements for Shopify

No quarterly income statements for Shopify are available.

Annual Cash Flow Statements for Shopify

This table details how cash moves in and out of Shopify's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -42 68 -26 58 269 239 2,054 -201 -854 -236 85
Net Cash From Operating Activities		 -0.80 16 14 7.90 9.32 71 425 536 -136 944 1,616
Net Cash From Continuing Operating Activities		 -0.80 16 14 7.90 9.32 71 425 536 -136 944 1,616
Net Income / (Loss) Continuing Operations		 -22 -19 -35 -40 -65 -125 320 2,915 -3,460 132 2,019
Consolidated Net Income / (Loss)		 -22 -19 -35 -40 -65 -125 320 2,915 -3,460 132 2,019
Depreciation Expense		 4.67 7.24 14 23 27 36 70 66 93 70 36
Non-Cash Adjustments To Reconcile Net Income		 12 14 26 50 103 180 140 -2,777 3,517 548 -351
Changes in Operating Assets and Liabilities, net		 4.48 14 9.63 -26 -56 -20 -114 329 -286 194 -88
Net Cash From Investing Activities		 -40 -84 -270 -527 -811 -569 -1,932 -2,379 -719 -1,244 -1,586
Net Cash From Continuing Investing Activities		 -40 -84 -270 -527 -811 -569 -1,932 -2,379 -719 -1,244 -1,586
Purchase of Property, Plant & Equipment		 -21 -17 -24 -20 -28 -57 -42 -51 -50 -39 -19
Acquisitions		 -2.13 -4.51 -17 -20 -33 -271 -0.26 -60 -1,754 -31 -30
Purchase of Investments		 -20 -111 -369 -1,129 -2,448 -2,719 -5,611 -8,186 -6,172 -8,066 -11,539
Sale and/or Maturity of Investments		 2.38 48 140 642 1,698 2,477 3,721 5,917 7,257 6,928 9,999
Other Investing Activities, net		 - - - - - - - - 0.00 -36 3.00
Net Cash From Financing Activities		 0.14 138 229 575 1,072 736 3,557 1,650 18 60 61
Net Cash From Continuing Financing Activities		 0.14 138 229 575 1,072 736 3,557 1,650 18 60 61
Other Financing Activities, net		 0.14 1.60 4.16 15 30 48 71 109 18 60 61
Effect of Exchange Rate Changes		 -0.55 -1.65 1.03 2.10 -1.87 1.74 3.22 -7.01 -17 4.00 -6.00
Cash Interest Paid		 - - - - - - 0.00 1.29 1.00 1.00 1.00
Cash Income Taxes Paid		 - - - - - - 70 -10 27 50 116

Quarterly Cash Flow Statements for Shopify

No quarterly cash flow statements for Shopify are available.

Annual Balance Sheets for Shopify

This table presents Shopify's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 95 244 491 1,114 2,255 3,489 7,763 13,340 10,757 11,299 13,924
Total Current Assets		 68 202 423 1,026 2,129 2,742 6,878 8,539 6,050 6,275 7,254
Cash & Equivalents		 42 110 84 142 411 650 2,704 2,503 1,649 1,413 1,498
Short-Term Investments		 18 80 308 796 1,559 1,805 3,684 5,265 3,404 3,595 3,981
Note & Lease Receivable		 - 0.00 12 47 92 150 245 471 580 816 1,224
Accounts Receivable		 7.23 6.09 9.60 22 41 91 121 192 273 282 342
Prepaid Expenses		 1.50 6.20 8.99 19 26 46 68 103 144 169 209
Plant, Property, & Equipment, net		 22 33 46 50 62 111 92 106 131 49 47
Total Noncurrent Assets		 5.08 8.20 22 38 64 633 793 4,695 4,576 4,975 6,623
Long-Term Investments		 - - - - - - 173 3,956 1,954 4,377 5,998
Goodwill		 2.37 2.37 16 20 38 312 312 357 1,836 427 452
Intangible Assets		 2.71 5.83 6.44 17 26 167 136 138 390 29 22
Noncurrent Deferred & Refundable Income Taxes		 - - - - 0.00 19 53 48 41 44 37
Other Noncurrent Operating Assets		 - - - - 0.00 135 119 196 355 98 114
Total Liabilities & Shareholders' Equity		 95 244 491 1,114 2,255 3,489 7,763 13,340 10,757 11,299 13,924
Total Liabilities		 27 48 80 112 164 474 1,362 2,207 2,518 2,233 2,366
Total Current Liabilities		 20 37 67 95 139 316 438 703 856 898 1,956
Short-Term Debt		 - - - - - - - - - 0.00 918
Accounts Payable		 13 24 45 63 97 181 301 457 542 579 737
Current Deferred Revenue		 7.26 14 21 32 39 57 108 217 296 302 283
Other Current Liabilities		 - - - - 2.55 9.07 10 16 18 17 18
Total Noncurrent Liabilities		 7.69 11 14 18 25 157 924 1,504 1,662 1,335 410
Long-Term Debt		 - - - - - 0.00 758 911 913 916 0.00
Noncurrent Deferred Revenue		 7.69 11 14 16 1.88 5.97 21 163 268 196 147
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.00 1.39 1.13 8.75 0.00 183 16 6.00 73
Other Noncurrent Operating Liabilities		 - - - - 22 143 145 247 465 217 190
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 68 195 410 1,001 2,091 3,016 6,401 11,133 8,239 9,066 11,558
Total Preferred & Common Equity		 68 195 410 1,001 2,091 3,016 6,401 11,133 8,239 9,066 11,558
Total Common Equity		 -19 195 410 1,001 2,091 3,016 6,401 11,133 8,239 9,066 11,558
Common Stock		 9.74 243 496 1,121 2,291 3,319 6,377 8,201 8,777 9,452 9,939
Retained Earnings		 -29 -48 -83 -123 -188 -304 15 2,938 -522 -390 1,629
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -1.82 3.44 -12 1.05 8.77 -5.97 -16 4.00 -10

Quarterly Balance Sheets for Shopify

This table presents Shopify's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q4 2023 Q4 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 10,757 11,299 13,924
Total Current Assets		 6,050 6,275 7,254
Cash & Equivalents		 1,649 1,413 1,498
Short-Term Investments		 3,404 3,595 3,981
Note & Lease Receivable		 580 816 1,224
Accounts Receivable		 273 282 342
Prepaid Expenses		 144 169 209
Plant, Property, & Equipment, net		 131 49 47
Total Noncurrent Assets		 4,576 4,975 6,623
Long-Term Investments		 1,954 4,377 5,998
Goodwill		 1,836 427 452
Intangible Assets		 390 29 22
Noncurrent Deferred & Refundable Income Taxes		 41 44 37
Other Noncurrent Operating Assets		 355 98 114
Total Liabilities & Shareholders' Equity		 10,757 11,299 13,924
Total Liabilities		 2,518 2,233 2,366
Total Current Liabilities		 856 898 1,956
Short-Term Debt		 - 0.00 918
Accounts Payable		 542 579 737
Current Deferred Revenue		 296 302 283
Other Current Liabilities		 18 17 18
Total Noncurrent Liabilities		 1,662 1,335 410
Long-Term Debt		 913 916 0.00
Noncurrent Deferred Revenue		 268 196 147
Noncurrent Deferred & Payable Income Tax Liabilities		 16 6.00 73
Other Noncurrent Operating Liabilities		 465 217 190
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8,239 9,066 11,558
Total Preferred & Common Equity		 8,239 9,066 11,558
Total Common Equity		 8,239 9,066 11,558
Common Stock		 8,777 9,452 9,939
Retained Earnings		 -522 -390 1,629
Accumulated Other Comprehensive Income / (Loss)		 -16 4.00 -10

Annual Metrics and Ratios for Shopify

This table displays calculated financial ratios and metrics derived from Shopify's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 108.98% 95.43% 89.70% 72.94% 59.40% 47.05% 85.63% 57.43% 21.43% 26.07% 25.78%
EBITDA Growth		 -467.00% 33.58% -290.06% 46.64% -894.50% -142.79% 193.78% 948.90% -212.75% 102.00% 2,808.33%
EBIT Growth		 -358.45% 15.10% -94.27% -29.69% -585.78% -53.21% 178.48% 1,284.30% -218.20% 100.05% 102,800.00%
NOPAT Growth		 -406.32% 17.85% -109.31% -32.27% -173.99% -53.55% 221.29% 108.05% -330.79% -75.84% 196.28%
Net Income Growth		 -361.26% 15.78% -88.16% -13.12% -122.81% -186.79% 355.93% 812.23% -218.71% 103.82% 1,429.55%
EPS Growth		 -338.46% 47.37% -40.00% 0.00% -45.24% -240.98% 335.45% 812.23% -219.21% 103.66% 1,450.00%
Operating Cash Flow Growth		 -157.38% 2,067.04% -11.04% -43.63% 36.02% 1,314.69% 501.80% 26.06% -125.39% 794.12% 71.19%
Free Cash Flow Firm Growth		 0.00% 59.04% -309.69% -103.96% -413.23% -199.50% 134.82% -17.64% -556.26% 122.35% 6.70%
Invested Capital Growth		 0.00% -36.26% 251.13% 249.14% 92.03% 260.82% -46.48% -46.32% 568.92% -72.17% 67.34%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 58.84% 55.18% 107.62% 56.48% 111.12% 164.55% 52.62% 53.80% 49.18% 49.79% 50.36%
EBITDA Margin		 -16.85% -5.73% -11.78% -3.63% -12.47% -13.73% 10.41% 69.33% -64.38% 1.02% 23.58%
Operating Margin		 -20.58% -8.65% -19.09% -7.30% -17.13% -26.83% 3.08% 5.83% -14.68% -20.09% 12.11%
EBIT Margin		 -21.30% -9.25% -18.95% -7.11% -26.27% -9.12% 7.72% 67.84% -66.04% 0.03% 23.18%
Profit (Net Income) Margin		 -21.24% -9.16% -18.16% -5.94% -18.04% -15.82% 10.91% 63.20% -61.79% 1.87% 22.74%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 300.00% 260.59% 132.93% 92.81% 95.50% 71.35% 90.62%
Interest Burden Percent		 99.75% 98.95% 191.67% 83.59% 137.36% 199.62% 106.35% 100.38% 97.97% 9,250.00% 108.26%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -32.93% 7.19% 0.00% 28.65% 9.38%
Return on Invested Capital (ROIC)		 -374.98% -188.12% -224.21% -84.83% -69.88% -24.69% 13.99% 54.32% -46.67% -73.80% 122.08%
ROIC Less NNEP Spread (ROIC-NNEP)		 -350.91% -183.03% -221.01% -83.99% -122.99% -23.88% 10.26% 22.24% -12.55% -89.51% 111.09%
Return on Net Nonoperating Assets (RNNOA)		 309.10% 173.84% 212.54% 79.17% 131.41% 65.46% -11.68% -21.07% 10.95% 75.32% -102.50%
Return on Equity (ROE)		 -65.88% -14.29% -23.34% -5.67% -11.44% 12.08% 2.31% 33.25% -35.72% 1.53% 19.58%
Cash Return on Invested Capital (CROIC)		 -574.98% -143.84% -671.09% -195.77% -264.42% -486.20% 74.54% 114.59% -194.65% 39.11% 71.70%
Operating Return on Assets (OROA)		 -23.50% -11.21% -20.10% -5.97% -16.74% -10.03% 4.02% 29.65% -30.69% 0.02% 16.32%
Return on Assets (ROA)		 -23.44% -11.09% -9.63% -4.99% -7.67% -8.69% 5.68% 27.62% -28.72% 1.20% 16.01%
Return on Common Equity (ROCE)		 18.80% -9.56% -23.34% -5.67% -11.44% 10.44% 2.31% 33.25% -35.72% 1.53% 19.58%
Return on Equity Simple (ROE_SIMPLE)		 -32.94% -9.62% -17.23% -4.00% -6.18% -8.28% 4.99% 26.18% -42.00% 1.46% 17.47%
Net Operating Profit after Tax (NOPAT)		 -15 -12 -26 -34 -64 -99 120 249 -575 -1,012 974
NOPAT Margin		 -14.41% -6.06% -13.36% -5.11% -11.99% -12.52% 4.09% 5.41% -10.28% -14.33% 10.97%
Net Nonoperating Expense Percent (NNEP)		 -24.07% -5.09% -6.41% -0.84% -0.03% -2.44% 3.73% 32.08% -34.12% 15.71% 10.98%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -6.29% -10.14% 7.81%
Cost of Revenue to Revenue		 41.16% 44.82% 92.38% 43.52% 88.88% 135.45% 47.38% 46.20% 50.82% 50.21% 49.64%
SG&A Expenses to Revenue		 11.01% 10.19% 22.15% 10.06% 10.01% 9.74% 8.37% 8.13% 12.64% 6.95% 4.62%
R&D to Revenue		 24.68% 19.35% 19.09% 20.20% 64.48% 67.49% 18.85% 18.53% 26.84% 24.50% 15.39%
Operating Expenses to Revenue		 79.42% 63.84% 63.36% 63.78% 128.25% 127.59% 49.54% 47.97% 63.86% 69.87% 38.25%
Earnings before Interest and Taxes (EBIT)		 -22 -19 -37 -48 -188 -288 226 3,129 -3,698 2.00 2,058
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -18 -12 -46 -24 -134 -325 305 3,197 -3,605 72 2,094
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 9.34 10.08 14.62 15.35 21.67 15.58 5.30 10.82 11.58
Price to Tangible Book Value (P/TBV)		 0.00 0.00 9.86 10.47 22.62 18.25 23.30 16.30 7.27 11.39 12.08
Price to Revenue (P/Rev)		 0.00 0.00 9.84 14.98 28.48 29.33 47.34 37.60 7.80 13.89 15.08
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 434.09 59.50 0.00 742.98 66.30
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.23% 1.68% 0.00% 0.13% 1.51%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 190.48 145.09 109.95 173.67 222.49 507.06 17.53 150.09 123.43
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 8.84 13.59 12.41 27.78 45.36 35.26 6.72 12.69 13.89
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 435.96 50.85 0.00 1,244.51 58.89
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 587.98 51.97 0.00 44,802.44 59.92
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 1,108.94 652.17 0.00 0.00 126.58
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 245.44 1,158.03 1,427.95 1,241.51 312.72 303.52 0.00 94.92 76.30
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 208.10 309.14 0.00 167.10 215.51
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.08 0.11 0.10 0.08
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.08 0.11 0.10 0.00
Financial Leverage		 -0.88 -0.95 -1.92 -0.94 -1.88 -2.51 -1.14 -0.95 -0.87 -0.84 -0.92
Leverage Ratio		 1.41 1.29 2.42 1.14 2.18 3.37 1.20 1.20 1.24 1.27 1.22
Compound Leverage Factor		 1.40 1.27 2.32 0.95 2.24 1.50 1.27 1.21 1.22 117.90 1.32
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.59% 7.56% 9.98% 9.18% 7.36%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.36%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.59% 7.56% 9.98% 9.18% 0.00%
Preferred Equity to Total Capital		 128.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -28.53% 100.00% 200.00% 100.00% 200.00% 100.00% 89.41% 92.44% 90.02% 90.82% 92.64%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 2.49 0.28 -0.25 12.72 0.44
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -19.04 -3.38 1.69 -117.63 -5.04
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 2.49 0.28 -0.25 12.72 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 6.33 3.65 -1.59 -0.91 0.94
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -48.43 -43.37 10.59 8.37 -10.84
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 6.33 3.65 -1.59 -0.91 0.00
Altman Z-Score		 0.00 0.00 89.69 55.13 57.19 119.31 62.56 49.28 10.31 27.50 35.69
Noncontrolling Interest Sharing Ratio		 128.53% 33.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.46 5.44 12.71 10.82 15.35 17.34 15.69 12.15 7.07 6.99 3.71
Quick Ratio		 3.38 5.27 18.66 10.63 15.16 17.04 15.41 12.00 6.90 6.80 3.60
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -23 -9.50 -39 -79 -487 -1,834 639 526 -2,400 536 572
Operating Cash Flow to CapEx		 -3.91% 95.35% 117.92% 39.42% 66.72% 248.82% 1,018.28% 1,054.80% -272.00% 2,420.51% 8,505.26%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 70.29 150.58 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 46.78 153.37 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 42.18 138.83 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.10 1.21 2.12 0.84 1.27 1.65 0.52 0.44 0.46 0.64 0.70
Accounts Receivable Turnover		 14.53 30.83 49.63 42.70 101.75 71.80 27.73 29.47 24.08 25.44 28.46
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 4.83 7.49 19.77 14.02 38.34 36.49 28.79 46.67 47.35 78.44 185.00
Accounts Payable Turnover		 3.45 5.08 5.23 5.45 11.96 10.25 5.76 5.63 5.70 6.32 6.70
Days Sales Outstanding (DSO)		 25.12 11.84 14.71 8.55 21.52 30.50 13.16 12.38 15.16 14.35 12.82
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 105.68 71.83 69.76 67.03 122.08 142.48 63.38 64.88 64.04 57.71 54.49
Cash Conversion Cycle (CCC)		 -80.56 -59.99 -124.82 -58.48 -50.28 -111.98 -50.21 -52.50 -48.88 -43.36 -41.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8.07 5.14 18 63 242 1,116 597 321 2,145 597 999
Invested Capital Turnover		 26.03 31.06 67.11 16.60 23.31 7.89 3.42 10.05 4.54 5.15 11.13
Increase / (Decrease) in Invested Capital		 8.07 -2.93 13 45 358 1,748 -519 -277 1,824 -1,548 402
Enterprise Value (EV)		 0.00 0.00 3,440 9,150 26,628 43,835 132,893 162,597 37,605 89,605 123,307
Market Capitalization		 0.00 0.00 3,833 10,088 30,568 46,290 138,697 173,409 43,699 98,074 133,866
Book Value per Share		 ($0.50) $3.16 $5.11 $11.20 $41.87 $54.64 $54.98 $90.86 $65.44 $7.11 $8.98
Tangible Book Value per Share		 ($0.63) $3.03 $9.67 $10.78 $40.58 $68.93 $51.13 $86.82 $47.76 $6.75 $8.62
Total Capital		 68 195 821 1,001 6,272 9,047 7,159 12,044 9,152 9,982 12,476
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 758 911 913 916 918
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 758 911 913 916 0.00
Net Debt		 -60 -190 -785 -938 -3,939 -4,910 -5,803 -10,813 -6,094 -8,469 -10,559
Capital Expenditures (CapEx)		 20 17 48 20 56 114 42 51 50 39 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -11 -25 -72 -7.12 41 -56 51 68 141 369 737
Debt-free Net Working Capital (DFNWC)		 49 165 356 931 3,981 7,283 6,439 7,837 5,194 5,377 6,216
Net Working Capital (NWC)		 49 165 713 931 3,981 2,426 6,439 7,837 5,194 5,377 5,298
Net Nonoperating Expense (NNE)		 7.18 6.36 9.34 5.59 0.42 52 -200 -2,665 2,885 -1,144 -1,045
Net Nonoperating Obligations (NNO)		 -60 -190 -392 -938 -3,939 -4,915 -5,803 -10,813 -6,094 -8,469 -10,559
Total Depreciation and Amortization (D&A)		 4.67 7.24 28 23 54 71 79 69 93 70 36
Debt-free, Cash-free Net Working Capital to Revenue		 -10.52% -12.15% -18.52% -1.06% 3.86% -3.72% 1.76% 1.49% 2.52% 5.23% 8.30%
Debt-free Net Working Capital to Revenue		 46.29% 80.51% 183.07% 138.26% 185.46% 307.58% 219.81% 169.92% 92.75% 76.16% 70.00%
Net Working Capital to Revenue		 46.29% 80.51% 274.60% 138.26% 185.46% 461.30% 219.81% 169.92% 92.75% 76.16% 59.66%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.30) ($0.42) ($0.42) ($0.61) ($1.10) $2.67 $23.38 $0.00 $0.10 $1.57
Adjusted Weighted Average Basic Shares Outstanding		 0.00 80.34M 89.41M 99.88M 110.39M 116.43M 119.57M 124.66M 0.00 1.28B 1.29B
Adjusted Diluted Earnings per Share		 $0.00 ($0.30) ($0.42) ($0.42) ($0.61) ($1.10) $2.59 $22.90 $0.00 $0.10 $1.55
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 80.34M 89.41M 99.88M 110.39M 116.43M 123.46M 127.36M 0.00 1.30B 1.30B
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.30) ($0.42) ($0.42) ($0.61) ($1.10) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 61.72M 83.99M 95.77M 105.67M 113.03M 122.53M 125.90M 0.00 1.29B 1.29B
Normalized Net Operating Profit after Tax (NOPAT)		 -15 -12 -26 -34 -129 -198 63 249 -575 -56 974
Normalized NOPAT Margin		 -14.41% -6.06% -13.36% -5.11% -17.99% -12.52% 2.15% 5.41% -10.28% -0.79% 10.97%
Pre Tax Income Margin		 -21.24% -9.16% -9.08% -5.94% -12.03% -18.21% 8.21% 68.10% -64.70% 2.62% 25.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 24.88 895.71 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 13.19 71.38 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 20.28 881.17 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 8.60 56.84 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for Shopify

No quarterly metrics and ratios for Shopify are available.

Frequently Asked Questions About Shopify's Financials

When does Shopify's financial year end?

According to the most recent income statement we have on file, Shopify's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Shopify's net income changed over the last 10 years?

Shopify's net income appears to be on an upward trend, with a most recent value of $2.02 billion in 2024, falling from -$22.31 million in 2014. The previous period was $132 million in 2023. Check out Shopify's forecast to explore projected trends and price targets.

What is Shopify's operating income?
Shopify's total operating income in 2024 was $1.08 billion, based on the following breakdown:
  • Total Gross Profit: $4.47 billion
  • Total Operating Expenses: $3.40 billion
How has Shopify revenue changed over the last 10 years?

Over the last 10 years, Shopify's total revenue changed from $105.02 million in 2014 to $8.88 billion in 2024, a change of 8,355.7%.

How much debt does Shopify have?

Shopify's total liabilities were at $2.37 billion at the end of 2024, a 6.0% increase from 2023, and a 8,515.9% increase since 2014.

How much cash does Shopify have?

In the past 10 years, Shopify's cash and equivalents has ranged from $41.95 million in 2014 to $2.70 billion in 2020, and is currently $1.50 billion as of their latest financial filing in 2024.

How has Shopify's book value per share changed over the last 10 years?

Over the last 10 years, Shopify's book value per share changed from -0.50 in 2014 to 8.98 in 2024, a change of -1,910.5%.


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This page (NYSE:SHOP) was last updated on 5/7/2025 by MarketBeat.com Staff
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