# Shopify Inc. (SHOP)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $141.20B  
**Price:** $108.20 (-2.01%)

> Shopify Inc. is a global commerce technology company that provides cloud-based tools for businesses to create, manage, and scale online and offline retail operations. Its core offering is an e-commerce platform that enables merchants to build customizable online stores and sell across multiple channels, including branded websites, mobile apps, physical retail locations, social media platforms, and online marketplaces. Shopify’s subscription solutions give merchants access to store design, content management, inventory tracking, and analytics, while its merchant solutions layer on integrated payments, shipping, financing, and point-of-sale capabilities. These services support small and medium-sized businesses as well as larger brands seeking a unified commerce infrastructure. By consolidating key retail functions into a single platform, Shopify Inc. plays a significant role in the digital commerce ecosystem, helping merchants manage operations, accept payments, and reach customers globally from one centralized environment. The company was founded in 2004 and is headquartered in Ottawa, Canada.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $11.56B | $5.55B | $1.47B | $1.23B | $0.94 |
| 2024 | $8.88B | $4.47B | $1.07B | $2.02B | $1.55 |
| 2023 | $7.06B | $3.52B | -$1.42B | $132M | $0.10 |
| 2022 | $5.60B | $2.75B | -$822M | -$3.46B | $-2.73 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $15.19B | $1.72B | $13.47B | $1.54B | — |
| 2024 | $13.92B | $2.37B | $11.56B | $1.50B | — |
| 2023 | $11.30B | $2.23B | $9.07B | $1.41B | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.03B | $26M | $2.01B |
| 2024 | $1.62B | $19M | $1.60B |
| 2023 | $944M | $39M | $905M |
| 2022 | -$136M | $50M | -$186M |

Source: [CompaniesByCap](https://companiesbycap.com/company/SHOP)