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SHOPIFY INC. (SHOP)
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| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
Profit margins
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YEAR-OVER-YEAR
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SHOPIFY INC. (SHOP) · Nasdaq · USD · Sector unavailable · CIK 0001594805
Annual coverage: 2022-12-31–2025-12-31 (4 periods). Financial snapshot built 2026-10-09.
SHOP annual financial history
All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.
See the calculation and limitations.
| Fiscal year / end | Basic EPS | Diluted EPS | FCF / share | Dividends / share | Fiscal-year dividend yield | Filing sources |
|---|---|---|---|---|---|---|
| 2025 2025-12-31 | 0.95 | 0.94 | 1.54 | Unavailable | Unavailable | Basic EPS (2026-02-11) Diluted EPS (2026-02-11) Operating cash flow (2026-02-11) · Capex (2026-02-11) |
| 2024 2024-12-31 | 1.57 | 1.55 | 1.23 | Unavailable | Unavailable | Basic EPS (2026-02-11) Diluted EPS (2026-02-11) Operating cash flow (2026-02-11) · Capex (2026-02-11) |
| 2023 2023-12-31 | 0.10 | 0.10 | 0.70 | Unavailable | Unavailable | Basic EPS (2026-02-11) Diluted EPS (2026-02-11) Operating cash flow (2026-02-11) · Capex (2026-02-11) |
| 2022 2022-12-31 | -2.73 | -2.73 | -0.15 | Unavailable | Unavailable | Basic EPS (2025-02-11) Diluted EPS (2025-02-11) Operating cash flow (2025-02-11) · Capex (2025-02-11) |
Annual per-share context (USD/share)
Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Inputs & filing sources |
|---|---|---|---|
| 2025-12-31 | 8.86 | Unavailable | Inputs & filingsrevenue: 11556000000; averageDilutedShares: 1304953255; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2026-02-11)averageDilutedShares (2026-02-11) |
| 2024-12-31 | 6.82 | Unavailable | Inputs & filingsrevenue: 8880000000; averageDilutedShares: 1301509980; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2026-02-11)averageDilutedShares (2026-02-11) |
| 2023-12-31 | 5.45 | Unavailable | Inputs & filingsrevenue: 7060000000; averageDilutedShares: 1295511385; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2026-02-11)averageDilutedShares (2026-02-11) |
| 2022-12-31 | 4.42 | Unavailable | Inputs & filingsrevenue: 5600000000; averageDilutedShares: 1266268155; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2025-02-11)averageDilutedShares (2025-02-11) |
Annual returns and cash generation (%)
Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 17.37 | 163.04 | 11.40 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":2007000000,"capex":{"accession":"0001594805-26-000007","end":"2025-12-31","filed":"2026-02-11","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001594805-26-000007","end":"2025-12-31","filed":"2026-02-11","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":11556000000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"netIncome":{"value":1231000000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"operatingIncome":{"value":1468000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingAssets":{"value":13924000000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingCurrentLiabilities":{"value":1956000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingCapitalEmployed":{"value":11968000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":11558000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":1498000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":15189000000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"closingCurrentLiabilities":{"value":1392000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"closingCapitalEmployed":{"value":13797000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":13473000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCash":{"value":1545000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":1231000000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":278000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"pretaxIncome":{"value":1509000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"effectiveTaxRate":{"value":0.18422796554009277,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":1197553346.5871437,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":12882500000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 17.367601246105917; cashConversion: 163.03818034118603; roce: 11.395303706578693 fcfMargin component 1 (2026-02-11) · fcfMargin component 2 (2026-02-11) · fcfMargin component 3 (2026-02-11)cashConversion component 1 (2026-02-11) · cashConversion component 2 (2026-02-11) · cashConversion component 3 (2026-02-11) roce component 1 (2026-02-11) · roce component 2 (2026-02-11) · roce component 3 (2026-02-11) · roce component 4 (2026-02-11) · roce component 5 (2026-02-11) |
| 2024-12-31 | 17.98 | 79.10 | 9.61 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":1597000000,"capex":{"accession":"0001594805-26-000007","end":"2024-12-31","filed":"2026-02-11","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001594805-26-000007","end":"2024-12-31","filed":"2026-02-11","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":8880000000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"netIncome":{"value":2019000000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"operatingIncome":{"value":1075000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingAssets":{"value":11299000000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"openingCurrentLiabilities":{"value":898000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"openingCapitalEmployed":{"value":10401000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":9066000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":1413000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 17.984234234234233; cashConversion: 79.098563645369; roce: 9.611515937234566 fcfMargin component 1 (2026-02-11) · fcfMargin component 2 (2026-02-11) · fcfMargin component 3 (2026-02-11)cashConversion component 1 (2026-02-11) · cashConversion component 2 (2026-02-11) · cashConversion component 3 (2026-02-11) roce component 1 (2026-02-11) · roce component 2 (2025-02-11) · roce component 3 (2025-02-11) · roce component 4 (2026-02-11) · roce component 5 (2026-02-11) |
| 2023-12-31 | 12.82 | 685.61 | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":905000000,"capex":{"accession":"0001594805-26-000007","end":"2023-12-31","filed":"2026-02-11","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001594805-26-000007","end":"2023-12-31","filed":"2026-02-11","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":7060000000,"tag":"Revenues","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"netIncome":{"value":132000000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"operatingIncome":{"value":-1418000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31"},"openingParentEquity":{"value":8239000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 12.81869688385269; cashConversion: 685.6060606060606; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31 fcfMargin component 1 (2026-02-11) · fcfMargin component 2 (2026-02-11) · fcfMargin component 3 (2026-02-11)cashConversion component 1 (2026-02-11) · cashConversion component 2 (2026-02-11) · cashConversion component 3 (2026-02-11) roce component 1 (2026-02-11) · roce component 2 (2025-02-11) · roce component 3 (2025-02-11) |
| 2022-12-31 | -3.32 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-186000000,"capex":{"accession":"0001594805-25-000012","end":"2022-12-31","filed":"2025-02-11","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001594805-25-000012","end":"2022-12-31","filed":"2025-02-11","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":5600000000,"tag":"Revenues","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"netIncome":{"value":-3460000000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"operatingIncome":{"value":-822000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31"},"openingParentEquity":{"value":11133000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31"},"closingParentEquity":{"value":8239000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-11","accession":"0001594805-26-000007","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-3460000000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":-163000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-11","accession":"0001594805-25-000012","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -3.3214285714285716; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31 fcfMargin component 1 (2025-02-11) · fcfMargin component 2 (2025-02-11) · fcfMargin component 3 (2025-02-11)cashConversion component 1 (2025-02-11) · cashConversion component 2 (2025-02-11) · cashConversion component 3 (2025-02-11) roce component 1 (2025-02-11) |
Annual operating facts
Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 11,556,000,000.00 | 12.70 | 10.65 | Inputs & filingsrevenue: 11556000000; operatingIncome: 1468000000; netIncome: 1231000000 revenue (2026-02-11)operatingIncome (2026-02-11) netIncome (2026-02-11) |
| 2024-12-31 | 8,880,000,000.00 | 12.11 | 22.74 | Inputs & filingsrevenue: 8880000000; operatingIncome: 1075000000; netIncome: 2019000000 revenue (2026-02-11)operatingIncome (2026-02-11) netIncome (2026-02-11) |
| 2023-12-31 | 7,060,000,000.00 | -20.08 | 1.87 | Inputs & filingsrevenue: 7060000000; operatingIncome: -1418000000; netIncome: 132000000 revenue (2026-02-11)operatingIncome (2026-02-11) netIncome (2026-02-11) |
| 2022-12-31 | 5,600,000,000.00 | -14.68 | -61.79 | Inputs & filingsrevenue: 5600000000; operatingIncome: -822000000; netIncome: -3460000000 revenue (2025-02-11)operatingIncome (2025-02-11) netIncome (2025-02-11) |
SHOPIFY INC. (SHOP) P/E ratio history
The interactive P/E chart contains all 595 stored weekly price points (2015-05-22–2026-10-08); 145 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.
Fiscal-year-end snapshots
3 eligible fiscal-year-end observations span 2023-12-31–2025-12-31. Latest eligible diluted P/E: 181.73×; basic P/E: 179.82×, for fiscal end 2025-12-31, using the close on 2025-12-26.
Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.
Explore the P/E chart and optional reference lines · How P/E history is calculated.
Complete annual P/E history (4 fiscal periods)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 170.83 | Adjusted close | 179.82 | 181.73 | Basic EPS (2026-02-11) Diluted EPS (2026-02-11) |
| 2024-12-31 | 2024-12-27 | 108.18 | Adjusted close | 68.90 | 69.79 | Basic EPS (2026-02-11) Diluted EPS (2026-02-11) |
| 2023-12-31 | 2023-12-29 | 77.90 | Adjusted close | 779.00 | 779.00 | Basic EPS (2026-02-11) Diluted EPS (2026-02-11) |
| 2022-12-31 | 2022-12-30 | 34.71 | Adjusted close | Unavailable | Unavailable | Basic EPS (2025-02-11) Diluted EPS (2025-02-11) |
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