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

- Company: Shopify Inc. (SHOP)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-05, accession number 0001594805-26-000019
- Page: https://plicit.ai/financials/shop/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/shop-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/shop/fy2026-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/shop-fy2026-q1-revenue-by-geography-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **UNITED STATES**: 2,001,000,000 US dollars
- **CANADA**: 147,000,000 US dollars
- **Europe**: 653,000,000 US dollars
- **Asia Pacific**: 312,000,000 US dollars
- **Rest Of World**: 57,000,000 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.