SHOPIFY INC.

SHOPIFY INC. earnings

SHOP

6 quarterly earnings reports from Q1 FY2025 to Q2 FY2026: Summary, reported figures, guidance, risks and SaaS KPIs.

Quarterly reports

Q2 FY2026
Quarter ended Jun 2026

Shopify reported $3.583 billion of revenue for FY2026 Q2, up 33.7% from the prior-year quarter. Gross profit rose 31.2% to $1.708 billion. Operating income increased 67.7% to $488 million, and net income climbed 65.8% to $1.502 billion. Diluted EPS was $1.16, up 68.1%.

5 KPIs5 guidance items6 risks
$3.58B
Revenue · +33.7% YoY
Op. margin 13.6%
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Q1 FY2026
Quarter ended Mar 2026

Shopify's first quarter of fiscal 2026 delivered strong top-line growth and better operating leverage. Revenue rose 34.3% to $3.17 billion from $2.36 billion. Gross profit rose 32.2% to $1.546 billion from $1.169 billion. Operating income rose 88.2% to $382 million from $203 million.

8 KPIs5 guidance items8 risks
$3.17B
Revenue · +34.3% YoY
Op. margin 12.1%
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Q4 FY2025
Quarter ended Dec 2025

Shopify closed fiscal 2025 with fourth-quarter revenue of $3.67 billion, up 30.6% from $2.81 billion in the prior-year quarter. Full-year revenue reached $11.56 billion, up 30.1% from $8.88 billion in 2024.

10 KPIs6 guidance items9 risks
$3.67B
Revenue
Op. margin 17.2%
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Q3 FY2025
Quarter ended Sep 2025

Shopify's fiscal 2025 third quarter showed strong top-line and operating growth, but earnings fell because of swings in equity investments. Revenue rose 31.5% to $2.84 billion. Gross profit rose 24.4% to $1.39 billion. Operating income rose 21.2% to $343 million.

5 KPIs5 guidance items6 risks
$2.84B
Revenue
Op. margin 12.1%
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Q2 FY2025
Quarter ended Jun 2025

Shopify's fiscal 2025 second quarter delivered revenue of $2.68 billion, up 31.1% from the prior-year quarter. Gross profit rose 24.6% to $1.30 billion, while operating income increased 20.7% to $291 million. Net income reached $906 million, up 429.8%, and diluted EPS was $0.69, up $0.56.

3 KPIs5 guidance items6 risks
$2.68B
Revenue
Op. margin 10.9%
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Q1 FY2025
Quarter ended Mar 2025

Shopify started fiscal 2025 with strong top-line and operating profit growth, but the bottom line remained negative because of equity investment losses. Revenue rose 26.8% year over year to $2.36 billion in the first quarter. Gross profit increased 22.2% to $1.169 billion.

4 KPIs5 guidance items5 risks
$2.36B
Revenue
Op. margin 8.6%
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Summaries, guidance, risks and KPIs are generated from the company's SEC filings (10-Q / 10-K and the 8-K earnings release) and checked against the reported XBRL figures. They can contain errors; the filings are authoritative.