Net Income for Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current net income (TTM) is $1.23B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
SHOP
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.23B
YoY change
-39.0%
5Y CAGR
+31.0%
Peak year (2021)
$2.91B
Cumulative net income
$2.84B
Net Income history chart for Shopify (SHOP) from 2012 to 2025
Net Income history table for Shopify (SHOP) from 2012 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $1.23B | -39.0% | ||
| 2024 | $2.02B | +1429.5% | ||
| 2023 | $132.00M | -103.8% | ||
| 2022 | -$3.46B | -218.7% | ||
| 2021 | $2.91B | +812.2% | ||
| 2020 | $319.51M | -355.9% | ||
| 2019 | -$124.84M | +93.4% | ||
| 2018 | -$64.55M | +61.4% | ||
| 2017 | -$39.99M | +13.1% | ||
| 2016 | -$35.35M | +88.2% | ||
| 2015 | -$18.79M | -15.8% | ||
| 2014 | -$22.31M | +361.3% | ||
| 2013 | -$4.84M | +292.6% | ||
| 2012 | -$1.23M | — |
Net Income values are taken from Shopify's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Shopify (SHOP) most recent annual net income stands at $1.23B (2025) – plunged 39.0% year-over-year.
Shopify net income has recorded the values shown across consecutive periods, with a +31.0% compound annual growth rate over 2020–2025 (5 years).
Between 2021 and 2025, Shopify net income plunged 57.8%, falling from $2.91B to $1.23B.
The dataset's maximum net income sits at $2.91B (2021); the minimum reading of -$3.46B dates to 2022.
Within Technology, Shopify (SHOP) ranks 9th among 8 peers we track. The peer median for net income is $62.48B.
Shopify Net Income by Year
Shopify Net Income 2025: $1.23B
Shopify net income in 2025 was $1.23B, plunged 39.0% below 2024.
Shopify Net Income 2024: $2.02B
Shopify net income in 2024 was $2.02B, surged 1429.5% from 2023.
Shopify Net Income 2023: $132.00M
Shopify net income in 2023 was $132.00M, plunged 103.8% below 2022.
Shopify Net Income 2022: -$3.46B
Shopify net income in 2022 was -$3.46B, plunged 218.7% below 2021. This figure represents the lowest annual value in the available history.
Shopify Net Income 2021: $2.91B
Shopify net income in 2021 was $2.91B.
See more financial history for Shopify (SHOP).
Sector peers — Net Income
Companies in the same sector as Shopify, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.74T | Technology |
| NVIDIA Corporation (NVDA) | $120.07B | Technology |
| Apple Inc. (AAPL) | $112.01B | Technology |
| Microsoft Corporation (MSFT) | $101.83B | Technology |
| Broadcom Inc. (AVGO) | $23.13B | Technology |
| ASML Holding N.V. (ASML) | $9.61B | Technology |
| Micron Technology, Inc. (MU) | $8.54B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $4.33B | Technology |
Frequently asked questions
What is Shopify's net income?
- Latest reported net income for Shopify (SHOP) is $1.23B (period ending December 31, 2025).
How has Shopify net income changed year-over-year?
- Shopify (SHOP) net income changed -39.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify net income?
- Shopify (SHOP) net income compound annual growth rate is +31.0% over the most recent 5 years available.
When did Shopify net income hit its highest annual value?
- Shopify net income reached its highest annual value of $2.91B in 2021.
What was Shopify net income in 2024?
- Shopify (SHOP) net income in 2024 was $2.02B.
What was Shopify net income in 2025?
- Shopify (SHOP) net income in 2025 was $1.23B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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