Companies/CA/SHOP

SHOPIFY INC.

Income flow

Annual
SHOP 10-K Income StatementPeriod 2025-12-31Source 10-K
Services & other$9BSubscription And Circulation$3BRevenue$12B+30% Y/YGross profit$6B+24% Y/YCost of revenue$6BOperating profit$1B+37% Y/YOperating expenses$4BNet profit$1B-39% Y/YTax$278MR&D & other$4BSG&A$471M

As-filed revenue segments and annual P&L (gross, opex, tax, net). Layout inspired by SankeyArt finance diagrams.

Revenue mix

2025-12-31 · 10-K · USD
By activity
By activity$2.8B
  • Subscription And Circulation$2.8B100.0%
By geography
By geography$11.6B
  • United States$7.3B63.4%
  • EMEA$2.4B21.0%
  • APAC$1.1B9.8%
  • CA$567M4.9%
  • Latin America$104M0.9%

Capital & dividends

YieldTrailing twelve-month dividends as a percent of the current share price (income yield).0.00%Trailing DPSCash dividends paid per share over the last twelve months (dividend per share, trailing).0PayoutShare of earnings paid out as dividends. Higher means more income returned; lower leaves more for reinvestment.0.0%Shares outTotal shares currently outstanding (issued and not retired).1.21BFloatShares available to trade — outstanding minus closely held (insiders, strategic holders).1.21B
Stock splits
  1. 10:12022-06-29

Valuation

Trailing PE 171.2 (2025-12-31)PE trend

Fiscal PE2

PeriodEPSClosePE
2025-12-310.94160.97171.2
2024-12-311.55106.3368.6

PE = stored close ÷ as-filed diluted EPS (annual 10-K / 20-F). Not a vendor PE series.