Shopify Inc. (SHOP) FY2026 Q1 P&L / Income Statement

Shopify Inc. (SHOP) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Product and service. Revenue and costs use their disclosed categories.

Revenues

3,170,000,000 US dollars

Cost of revenues

1,624,000,000 US dollars

Gross profit

1,546,000,000 US dollars

Total operating expenses

1,164,000,000 US dollars

Income from operations

382,000,000 US dollars

Total other expense, net

negative 1,016,000,000 US dollars

Loss before income taxes

negative 634,000,000 US dollars

Recovery of income taxes

negative 53,000,000 US dollars

Net loss

negative 581,000,000 US dollars

Subscription solutions revenue

750,000,000 US dollars

Merchant solutions revenue

2,420,000,000 US dollars

Subscription solutions cost of revenue

148,000,000 US dollars

Merchant solutions cost of revenue

1,476,000,000 US dollars

Sales and marketing

496,000,000 US dollars

Research and development

437,000,000 US dollars

General and administrative

115,000,000 US dollars

Transaction and loan losses

116,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.