SHOPIFY INC.
SHOP · XNASCIK 1594805fmd_1R26JE472HR7WEKMAG77YVMQMWServices · Services-Prepackaged SoftwareTemplate: Standard
Coverage: Jan 01, 2013 to Sep 30, 2026, 22 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenues | – | 673 | 1,073 | 1,578 | 2,929 | 4,612 | 5,600 | 7,060 | 8,880 | 11,556 |
| Cost of revenue | 180 | 293 | 477 | 713 | 1,388 | 2,131 | 2,846 | 3,545 | 4,408 | 6,001 |
| Gross profit | 209 | 380 | 596 | 866 | 1,542 | 2,481 | 2,754 | 3,515 | 4,472 | 5,555 |
| Research and development | 74 | 136 | 231 | 355 | 552 | 854 | 1,503 | 1,730 | 1,367 | 1,536 |
| Selling, general and administrative | 172 | 293 | 458 | 627 | 847 | 1,276 | 1,938 | 1,711 | 1,803 | 2,134 |
| Total operating expenses | 247 | 429 | 688 | 1,007 | 1,451 | 2,213 | 3,576 | 4,933 | 3,397 | 4,087 |
| Operating income | (37) | (49) | (92) | (141) | 90 | 269 | (822) | (1,418) | 1,075 | 1,468 |
| Interest expense | – | – | – | 0 | 9 | 3 | 3 | – | – | – |
| Other non-operating income (expense) | 2 | 9 | 27 | 45 | 150 | 2,872 | (2,801) | 1,603 | 1,153 | 41 |
| Income before taxes | – | – | – | – | – | – | – | 185 | 2,228 | 1,509 |
| Income tax expense | 0 | 0 | 0 | 29 | (79) | 226 | (163) | 53 | 209 | 278 |
| Net income from continuing operations | – | – | – | – | – | – | – | 132 | 2,019 | 1,231 |
| Net income | (35) | (40) | (65) | (125) | 320 | 2,915 | (3,460) | 132 | 2,019 | 1,231 |