The table below shows SHOPIFY INC.'s income statement by quarter, as reported in the company's quarterly filings. All figures are in US dollars; negative values appear in red.
Line item
Q1 2026
Q3 2025
Q2 2025
Q1 2025
Q3 2024
Q2 2024
Revenue
$3.17B
$2.84B
$2.68B
$2.36B
$2.16B
$2.04B
Cost of revenue
$1.62B
$1.45B
$1.38B
$1.19B
$1.04B
$1.00B
Gross profit
$1.55B
$1.39B
$1.30B
$1.17B
$1.12B
$1.04B
R&D
$437.00M
$375.00M
$394.00M
$377.00M
$332.00M
$349.00M
SHOP annual revenue (10-K history)
SHOPIFY INC. reported annual revenue of $11.56B for fiscal year 2025. That is up 30.1% from $8.88B in fiscal 2024. Over the 9 fiscal years shown, annual revenue grew from $673.30M (FY 2017) to $11.56B. Figures come from the company's audited annual reports as filed with the SEC.
