SHOPIFY INC. (SHOP) Financial Statement Analysis

2026-04-01 to 2026-06-30

SHOPIFY INC. (SHOP) Income Statement (Sankey)

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SourcesRevenueGrossOperatingNetTotal Revenue$3.58B+34% YoYGross Profit$1.71B47.7% MarginOperating Profit$488M13.6% MarginGAAP Net Profit$1.5B41.9% MarginOperating Expenses$1.22B34.0% of RevService$2.78B+37% YoYSales and Marketing$498M13.9% of RevCost of Revenue$1.88B52.3% of RevResearch and Development$445M12.4% of RevTax Provision$273MSubscription$802M+22% YoYGeneral and Administrative$136M3.8% of RevOther operating$141M3.9% of Rev
Bar height is dollars. Insights will appear only after the financial statement has been analyzed.
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Gross margin

47.7%

Gross profit / revenue

Operating margin

13.6%

Operating profit / revenue

Cash conversion

43.8%

Operating cash / net income, same period

Notes

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