Shopify
US.SHOP
145.09
-0.79
-0.54%
Shopify
145.09
-0.79
-0.54%
Live - 104 symbols - heartbeat 308s ago
· 2026-09-04 20:02
Pre-market
144.49
-0.95%
After-hours
144.80
-0.20%
Overnight
146.04
+0.11%
Revenue annual, last 8 years
Latest year +30.14% YoY
Margins
- Gross margin
- 48.07%
- Operating margin
- 16.31%
- Net margin
- 10.65%
Key ratios & quality
- Altman Z-Score
- 67.25
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 67.25, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.07B | 1.58B | 2.93B | 4.61B | 5.60B | 7.06B | 8.88B | 11.56B |
| Gross profit | 596.27M | 865.64M | 1.54B | 2.48B | 2.75B | 3.52B | 4.47B | 5.56B |
| Selling & admin expenses | 457.51M | 626.61M | 847.39M | 1.28B | 1.94B | 1.71B | 1.80B | 2.13B |
| Research & development | 230.67M | 355.02M | 552.13M | 854.38M | 1.50B | 1.73B | 1.37B | 1.54B |
| Operating profit | -91.92M | -115.98M | 142.00M | 350.36M | -687.00M | 74.00M | 1.30B | 1.89B |
| Pretax profit | -64.55M | -95.82M | 240.36M | 3.14B | -3.62B | 185.00M | 2.23B | 1.51B |
| Tax | -- | 29.03M | -79.15M | 225.93M | -163.00M | 53.00M | 209.00M | 278.00M |
| Net profit | -64.55M | -124.84M | 319.51M | 2.91B | -3.46B | 132.00M | 2.02B | 1.23B |
| Basic EPS | 0 | 0 | 0 | 2 | -3 | 0 | 2 | 1 |
| Diluted EPS | -0.06 | -0.11 | 0.26 | 2.29 | -2.73 | 0.10 | 1.55 | 0.94 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.36B | 2.68B | 2.84B | 3.67B | 3.17B | 3.58B |
| Gross profit | 1.17B | 1.30B | 1.39B | 1.69B | 1.55B | 1.71B |
| Selling & admin expenses | 514.00M | 537.00M | 525.00M | 558.00M | 611.00M | 634.00M |
| Research & development | 377.00M | 394.00M | 375.00M | 390.00M | 437.00M | 445.00M |
| Operating profit | 278.00M | 371.00M | 491.00M | 745.00M | 498.00M | 629.00M |
| Pretax profit | -770.00M | 1.08B | 308.00M | 892.00M | -634.00M | 1.78B |
| Tax | -88.00M | 173.00M | 44.00M | 149.00M | -53.00M | 273.00M |
| Net profit | -682.00M | 906.00M | 264.00M | 743.00M | -581.00M | 1.50B |
| Basic EPS | -1 | 1 | 0 | 1 | 0 | 1 |
| Diluted EPS | -0.53 | 0.69 | 0.20 | 0.57 | -0.45 | 1.16 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.13B | 2.74B | 6.88B | 8.54B | 6.05B | 6.28B | 7.25B | 8.30B |
| Cash & ST investments | 1.97B | 2.46B | 6.39B | 7.77B | 5.05B | 5.00B | 5.47B | 5.77B |
| Inventory | -- | -- | -- | -- | -- | 19.00M | 26.00M | 21.00M |
| Total assets | 2.25B | 3.49B | 7.76B | 13.34B | 10.76B | 11.30B | 13.92B | 15.19B |
| Total current liabilities | 138.69M | 316.38M | 438.33M | 702.73M | 856.00M | 898.00M | 1.96B | 1.39B |
| Short-term debt | 2.55M | 9.07M | 10.05M | 15.75M | 18.00M | 17.00M | 936.00M | 17.00M |
| Long-term debt | -- | -- | 758.01M | 910.96M | 913.00M | 916.00M | -- | -- |
| Total liabilities | 164,017,000.00 | 473,745,000.00 | 1,362,182,000.00 | 2,206,831,000.00 | 2,518,000,000.00 | 2,233,000,000.00 | 2,366,000,000.00 | 1,716,000,000.00 |
| Total equity | 2.09B | 3.02B | 6.40B | 11.13B | 8.24B | 9.07B | 11.56B | 13.47B |
| Retained earnings | -187.76M | -304.22M | 15.29M | 2.94B | -522.00M | -390.00M | 1.63B | 2.86B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 7.45B | 8.00B | 8.71B | 8.30B | 8.50B | 7.82B |
| Cash & ST investments | 5.51B | 5.82B | 6.35B | 5.77B | 5.74B | 4.95B |
| Inventory | -- | -- | -- | 21.00M | -- | -- |
| Total assets | 13.40B | 14.56B | 15.04B | 15.19B | 14.12B | 14.47B |
| Total current liabilities | 2.01B | 2.08B | 2.21B | 1.39B | 1.37B | 1.46B |
| Short-term debt | 938.00M | 939.00M | 939.00M | 17.00M | 16.00M | 10.00M |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 2,349,000,000.00 | 2,437,000,000.00 | 2,528,000,000.00 | 1,716,000,000.00 | 1,620,000,000.00 | 1,786,000,000.00 |
| Total equity | 11.05B | 12.12B | 12.51B | 13.47B | 12.50B | 12.68B |
| Retained earnings | 947.00M | 1.85B | 2.12B | 2.86B | 2.28B | 3.78B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 9.32M | 70.62M | 424.96M | 535.71M | -136.00M | 944.00M | 1.62B | 2.03B |
| Depreciation & amortization | 27.05M | 35.65M | 70.06M | 66.31M | 93.00M | 70.00M | 36.00M | 31.00M |
| Free cash flow | -32.22M | 8.22M | 382.96M | 484.92M | -186.00M | 905.00M | 1.60B | 2.01B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 1.04B | 688.01M | 2.58B | 1.54B | -- | -- | -- | -- |
| Ending cash balance | 410.68M | 649.92M | 2.70B | 2.50B | 1.65B | 1.41B | 1.50B | 1.55B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 367.00M | 428.00M | 513.00M | 725.00M | 481.00M | 658.00M |
| Depreciation & amortization | 8.00M | 8.00M | 8.00M | 7.00M | 7.00M | 7.00M |
| Free cash flow | 363.00M | 422.00M | 507.00M | 715.00M | 476.00M | 654.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -- | -- | -491.00M | -1.42B |
| Ending cash balance | 1.31B | 1.54B | 2.41B | 1.55B | 1.85B | 1.66B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE % | -4.18 | -4.89 | 6.79 | 33.25 | -35.73 | 1.53 | 19.58 | 9.84 |
| ROA % | -3.83 | -4.35 | 5.68 | 27.62 | -28.72 | 1.20 | 16.01 | 8.46 |
| ROIC % | -6.00 | -6.07 | 5.89 | 29.58 | -32.22 | -0.40 | 15.20 | 7.29 |
| 5-year avg ROE % | -- | -9.55 | -3.92 | 5.06 | -0.95 | 0.19 | 5.08 | 5.69 |
| EBIT margin % | -8.56 | -8.94 | 8.50 | 68.12 | -64.67 | -1.10 | 14.66 | 16.31 |
| FCF / sales % | -- | 0.52 | 13.07 | 9.84 | -- | 12.82 | 17.98 | 17.37 |
| Current ratio | 15.35 | 8.67 | 15.69 | 12.15 | 7.07 | 6.99 | 3.71 | 5.96 |
| Quick ratio | 15.16 | 8.52 | 15.54 | 12.03 | 6.94 | 6.86 | 3.65 | 5.85 |
| Debt / assets | 1.19 | 5.03 | 14.26 | 10.54 | 16.94 | 12.68 | 9.74 | 1.40 |
| LT debt / equity | 1.07 | 4.73 | 14.11 | 10.40 | 16.73 | 12.50 | 1.64 | 1.27 |
| Interest coverage | -- | -- | 29.03 | 2,731.95 | -3,149.30 | -- | -- | -- |
| Revenue CAGR (3Y) % | 73.57 | 59.45 | 63.25 | 62.58 | 52.53 | 34.07 | 24.41 | 27.31 |
| Net income CAGR (3Y) % | -- | -- | -- | -- | -- | -25.52 | -11.52 | -- |
| FCF CAGR (3Y) % | -- | -- | -- | -- | -- | 33.20 | 48.78 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE % | 16.15 | 22.02 | 15.74 | 9.84 | 11.31 | 15.54 |
| ROA % | 13.14 | 18.10 | 13.02 | 8.46 | 9.68 | 13.28 |
| ROIC % | 12.00 | 17.44 | 12.04 | 7.29 | 8.49 | 12.86 |
| 5-year avg ROE % | -- | -- | -- | -- | -- | -- |
| EBIT margin % | 15.39 | 15.29 | 15.72 | 16.31 | 17.02 | 17.81 |
| FCF / sales % | 18.42 | 18.14 | 17.79 | 17.37 | 17.14 | 17.73 |
| Current ratio | 3.71 | 3.85 | 3.93 | 5.96 | 6.20 | 5.35 |
| Quick ratio | 3.59 | 3.74 | 3.83 | 5.85 | 6.05 | 5.20 |
| Debt / assets | 10.30 | 9.39 | 8.91 | 1.40 | 1.43 | 1.40 |
| LT debt / equity | 1.81 | 1.65 | 1.41 | 1.27 | 1.30 | 1.32 |
| Interest coverage | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-09-04 20:02:35
For reference only, not investment advice.