Security
Shopify Inc. Class A Subordinate Voting Shares · SHOP
SHOPNASDAQCommon stockCurrentCIK 1594805Updated Nov 5, 2026
SHOP price & chart
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Recent filings
S-3ASR filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
144 filing
144 filing
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 15,039,000,000Source | — | 14,470,000,000Source | 14,561,000,000Source | — | 14,121,000,000Source | 13,400,000,000Source | — | 15,189,000,000Source | 13,924,000,000Source | 11,299,000,000Source | 10,757,000,000Source |
| Property, Plant and Equipment, NetUSD | 51,000,000Source | — | 53,000,000Source | 46,000,000Source | — | 54,000,000Source | 46,000,000Source | — | 53,000,000Source | 47,000,000Source | 49,000,000Source | 131,000,000Source |
| GoodwillUSD | 491,000,000Source | — | 491,000,000Source | 491,000,000Source | — | 491,000,000Source | 491,000,000Source | — | 491,000,000Source | 452,000,000Source | 427,000,000Source | 1,836,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 33,000,000Source | — | 27,000,000Source | 36,000,000Source | — | 28,000,000Source | 39,000,000Source | — | 30,000,000Source | 22,000,000Source | 29,000,000Source | 390,000,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,414,000,000Source | — | 1,656,000,000Source | 1,542,000,000Source | — | 1,848,000,000Source | 1,309,000,000Source | — | 1,545,000,000Source | 1,498,000,000Source | 1,413,000,000Source | 1,649,000,000Source |
| Inventory, NetUSD | — | — | — | — | — | — | — | — | 21,000,000Source | 26,000,000Source | 19,000,000Source | — |
| Assets, CurrentUSD | 8,705,000,000Source | — | 7,816,000,000Source | 8,001,000,000Source | — | 8,495,000,000Source | 7,445,000,000Source | — | 8,296,000,000Source | 7,254,000,000Source | 6,275,000,000Source | 6,050,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 227,000,000Source | — | 219,000,000Source | 234,000,000Source | — | 206,000,000Source | 242,000,000Source | — | 234,000,000Source | 209,000,000Source | 169,000,000Source | 144,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 94,000,000Source | — | 90,000,000Source | 97,000,000Source | — | 84,000,000Source | 105,000,000Source | — | 88,000,000Source | 93,000,000Source | 98,000,000Source | 355,000,000Source |
| Other Assets, NoncurrentUSD | 23,000,000Source | — | 25,000,000Source | 28,000,000Source | — | 30,000,000Source | 23,000,000Source | — | 39,000,000Source | 21,000,000Source | 0Source | — |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 10,123,000,000Source | — | 8,636,000,000Source | 9,985,000,000Source | — | 9,971,000,000Source | 9,831,000,000Source | — | 10,376,000,000Source | 9,634,000,000Source | 9,201,000,000Source | 8,747,000,000Source |
| Additional Paid in CapitalUSD | 272,000,000Source | — | 274,000,000Source | 281,000,000Source | — | 255,000,000Source | 279,000,000Source | — | 236,000,000Source | 305,000,000Source | 251,000,000Source | 30,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,117,000,000Source | — | 3,781,000,000Source | 1,853,000,000Source | — | 2,279,000,000Source | 947,000,000Source | — | 2,860,000,000Source | 1,629,000,000Source | -390,000,000Source | -522,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,000,000Source | — | -7,000,000Source | 5,000,000Source | — | -4,000,000Source | -6,000,000Source | — | 1,000,000Source | -10,000,000Source | 4,000,000Source | -16,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 12,511,000,000Source | 10,118,000,000Source | 12,684,000,000Source | 12,124,000,000Source | 9,172,000,000Source | 12,501,000,000Source | 11,051,000,000Source | 8,893,000,000Source | 13,473,000,000Source | 11,558,000,000Source | 9,066,000,000Source | 8,239,000,000Source |
| Liabilities and EquityUSD | 15,039,000,000Source | — | 14,470,000,000Source | 14,561,000,000Source | — | 14,121,000,000Source | 13,400,000,000Source | — | 15,189,000,000Source | 13,924,000,000Source | 11,299,000,000Source | 10,757,000,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 2,213,000,000Source | — | 1,460,000,000Source | 2,078,000,000Source | — | 1,371,000,000Source | 2,009,000,000Source | — | 1,392,000,000Source | 1,956,000,000Source | 898,000,000Source | 856,000,000Source |
| Operating Lease, Liability, CurrentUSD | 19,000,000Source | — | 10,000,000Source | 20,000,000Source | — | 16,000,000Source | 19,000,000Source | — | 17,000,000Source | 18,000,000Source | 17,000,000Source | 18,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 176,000,000Source | — | 168,000,000Source | 200,000,000Source | — | 163,000,000Source | 200,000,000Source | — | 171,000,000Source | 190,000,000Source | 217,000,000Source | 465,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 29,000,000Source | — | 79,000,000Source | 36,000,000Source | — | 0Source | 5,000,000Source | — | 55,000,000Source | 73,000,000Source | 6,000,000Source | 16,000,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 22,000,000Source | 36,000,000Source | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 8,000,000Source | 8,000,000Source | 7,000,000Source | 8,000,000Source | 7,000,000Source | 8,000,000Source | 31,000,000Source | 36,000,000Source | 70,000,000Source | 93,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -14,000,000Source | 78,000,000Source | -1,000,000Source | -187,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | 513,000,000Source | 423,000,000Source | 658,000,000Source | 428,000,000Source | 481,000,000Source | 367,000,000Source | 2,033,000,000Source | 1,616,000,000Source | 944,000,000Source | -136,000,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | 4,000,000Source | 0Source | 0Source | 0Source | 56,000,000Source | 56,000,000Source | 30,000,000Source | 31,000,000Source | 1,754,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | 335,000,000Source | -474,000,000Source | 571,000,000Source | -252,000,000Source | 310,000,000Source | -619,000,000Source | -1,190,000,000Source | -1,586,000,000Source | -1,244,000,000Source | -719,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | 0Source | -1,000,000Source | -1,000,000Source | -2,000,000Source | -2,000,000Source | 0Source | -58,000,000Source | -3,000,000Source | 36,000,000Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | 6,000,000Source | 2,000,000Source | 4,000,000Source | 6,000,000Source | 5,000,000Source | 4,000,000Source | 26,000,000Source | 19,000,000Source | 39,000,000Source | 50,000,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | 24,000,000Source | 6,000,000Source | -1,417,000,000Source | 44,000,000Source | -485,000,000Source | 59,000,000Source | -811,000,000Source | 61,000,000Source | 60,000,000Source | 18,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | 872,000,000Source | -34,000,000Source | -192,000,000Source | 233,000,000Source | 303,000,000Source | -189,000,000Source | 47,000,000Source | 85,000,000Source | -236,000,000Source | -854,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 2,414,000,000Source | 1,507,000,000Source | 1,656,000,000Source | 1,542,000,000Source | 1,848,000,000Source | 1,309,000,000Source | 1,545,000,000Source | 1,498,000,000Source | 1,413,000,000Source | 1,649,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source |
| Income Taxes Paid, NetUSD | — | — | 23,000,000Source | 14,000,000Source | 148,000,000Source | 61,000,000Source | 93,000,000Source | 27,000,000Source | 194,000,000Source | 116,000,000Source | 50,000,000Source | 27,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 0Source | 11,000,000Source | -4,000,000Source | 13,000,000Source | -3,000,000Source | 4,000,000Source | 15,000,000Source | -6,000,000Source | 4,000,000Source | -17,000,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 107,000,000Source | 110,000,000Source | 128,000,000Source | 113,000,000Source | 132,000,000Source | 114,000,000Source | 449,000,000Source | 430,000,000Source | 615,000,000Source | 549,000,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | — | — | — | 2,349,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | — | — | — | — | — | 2,349,000Source |
| Amortization of Intangible AssetsUSD | — | — | 3,000,000Source | 4,000,000Source | — | 3,000,000Source | — | 3,000,000Source | 13,000,000Source | 14,000,000Source | 38,000,000Source | 54,000,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 18,000,000Source | 22,000,000Source | 28,000,000Source | 36,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -4,000,000Source | 16,000,000Source | -7,000,000Source | 24,000,000Source | -9,000,000Source | 6,000,000Source | 26,000,000Source | -8,000,000Source | 1,000,000Source | -2,000,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | -4,000,000Source | 19,000,000Source | -4,000,000Source | 46,000,000Source | -14,000,000Source | 12,000,000Source | 57,000,000Source | -19,000,000Source | 6,000,000Source | -12,000,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | — | — | — | — | — | — | — | — | — | 3,000,000Source |
| General and Administrative ExpenseUSD | — | — | 115,000,000Source | 114,000,000Source | 136,000,000Source | 122,000,000Source | 115,000,000Source | 109,000,000Source | 471,000,000Source | 410,000,000Source | 491,000,000Source | 708,000,000Source |
| GoodwillUSD | — | — | 491,000,000Source | — | 491,000,000Source | 491,000,000Source | 491,000,000Source | 491,000,000Source | 491,000,000Source | 452,000,000Source | 427,000,000Source | 1,836,000,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 1,438,000,000Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -21,000,000Source | -28,000,000Source | -22,000,000Source | -24,000,000Source | -21,000,000Source | -23,000,000Source | -40,000,000Source | -138,000,000Source | -58,000,000Source | 0Source |
| Income Tax Expense (Benefit)USD | — | — | 44,000,000Source | 32,000,000Source | 273,000,000Source | 173,000,000Source | -53,000,000Source | -88,000,000Source | 278,000,000Source | 209,000,000Source | 53,000,000Source | -163,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 264,000,000Source | 828,000,000Source | 1,502,000,000Source | 906,000,000Source | -581,000,000Source | -682,000,000Source | 1,231,000,000Source | 2,019,000,000Source | 132,000,000Source | -3,460,000,000Source |
| Nonoperating Income (Expense)USD | — | — | -35,000,000Source | 577,000,000Source | 1,287,000,000Source | 788,000,000Source | -1,016,000,000Source | -973,000,000Source | 41,000,000Source | 1,153,000,000Source | 1,603,000,000Source | -2,801,000,000Source |
| Operating ExpensesUSD | — | — | 1,048,000,000Source | 835,000,000Source | 1,220,000,000Source | 1,011,000,000Source | 1,164,000,000Source | 966,000,000Source | 4,087,000,000Source | 3,397,000,000Source | 4,933,000,000Source | 3,576,000,000Source |
| Operating Lease, Impairment LossUSD | — | — | — | — | 0Source | 10,000,000Source | — | — | — | — | — | 80,697,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 24,000,000Source | 6,000,000Source | 3,000,000Source | 44,000,000Source | 6,000,000Source | 59,000,000Source | 232,000,000Source | 61,000,000Source | 60,000,000Source | 18,000,000Source |
| Stock or Unit Option Plan ExpenseUSD | — | — | 107,000,000Source | 110,000,000Source | 128,000,000Source | 113,000,000Source | 132,000,000Source | 114,000,000Source | 449,000,000Source | 430,000,000Source | 615,000,000Source | 549,000,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | -62,000,000Source | 512,000,000Source | 1,250,000,000Source | 682,000,000Source | -1,061,000,000Source | -1,021,000,000Source | -153,000,000Source | 992,000,000Source | 1,419,000,000Source | -2,919,000,000Source |
| Payments for Repurchase of Common Stock | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | — | — | — | — | — | — | 11,556,000,000Source | 8,880,000,000Source | 7,060,000,000Source | 5,600,000,000Source |
| Cost of RevenueUSD | — | — | 1,453,000,000Source | 1,044,000,000Source | 1,875,000,000Source | 1,378,000,000Source | 1,624,000,000Source | 1,191,000,000Source | 6,001,000,000Source | 4,408,000,000Source | 3,545,000,000Source | 2,846,000,000Source |
| Operating Income (Loss)USD | — | — | 343,000,000Source | 283,000,000Source | 488,000,000Source | 291,000,000Source | 382,000,000Source | 203,000,000Source | 1,468,000,000Source | 1,075,000,000Source | -1,418,000,000Source | -822,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | 1,509,000,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | 44,000,000Source | 32,000,000Source | 273,000,000Source | 173,000,000Source | -53,000,000Source | -88,000,000Source | 278,000,000Source | 209,000,000Source | 53,000,000Source | -163,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 264,000,000Source | 828,000,000Source | 1,502,000,000Source | 906,000,000Source | -581,000,000Source | -682,000,000Source | 1,231,000,000Source | 2,019,000,000Source | 132,000,000Source | -3,460,000,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.2Source | 0.64Source | 1.16Source | 0.7Source | -0.45Source | -0.53Source | 0.95Source | 1.57Source | 0.1Source | -2.73Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.2Source | 0.64Source | 1.16Source | 0.69Source | -0.45Source | -0.53Source | 0.94Source | 1.55Source | 0.1Source | -2.73Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 1,300,069,685Source | 1,290,585,426Source | 1,295,220,307Source | 1,297,746,050Source | 1,303,357,874Source | 1,295,377,376Source | 1,298,955,860Source | 1,289,812,124Source | 1,281,554,559Source | 1,266,268,155Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 1,312,872,709Source | 1,301,600,656Source | 1,297,940,958Source | 1,308,993,838Source | 1,303,357,874Source | 1,295,377,376Source | 1,304,953,255Source | 1,301,509,980Source | 1,295,511,385Source | 1,266,268,155Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 3,000,000Source | 4,000,000Source | — | 3,000,000Source | — | 3,000,000Source | 13,000,000Source | 14,000,000Source | 38,000,000Source | 54,000,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 292,000,000Source | 131,000,000Source | 54,000,000Source | 24,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -4,000,000Source | 16,000,000Source | -7,000,000Source | 24,000,000Source | -9,000,000Source | 6,000,000Source | 26,000,000Source | -8,000,000Source | 1,000,000Source | -2,000,000Source |
| General and Administrative ExpenseUSD | — | — | 115,000,000Source | 114,000,000Source | 136,000,000Source | 122,000,000Source | 115,000,000Source | 109,000,000Source | 471,000,000Source | 410,000,000Source | 491,000,000Source | 708,000,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 1,438,000,000Source | 0Source |
| Gross ProfitUSD | — | — | 1,391,000,000Source | 1,118,000,000Source | 1,708,000,000Source | 1,302,000,000Source | 1,546,000,000Source | 1,169,000,000Source | 5,555,000,000Source | 4,472,000,000Source | 3,515,000,000Source | 2,754,000,000Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | 308,000,000Source | 860,000,000Source | 1,775,000,000Source | 1,079,000,000Source | -634,000,000Source | -770,000,000Source | — | 2,228,000,000Source | 185,000,000Source | -3,623,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 450,000,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -21,000,000Source | -28,000,000Source | -22,000,000Source | -24,000,000Source | -21,000,000Source | -23,000,000Source | -40,000,000Source | -138,000,000Source | -58,000,000Source | 0Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 3,499,000Source |
| Interest Expense, DebtUSD | — | — | — | — | — | — | — | — | — | — | — | 3,499,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | 81,000,000Source | 77,000,000Source | 66,000,000Source | 106,000,000Source | 75,000,000Source | 65,000,000Source | 331,000,000Source | 308,000,000Source | 241,000,000Source | 75,000,000Source |
| Nonoperating Income (Expense)USD | — | — | -35,000,000Source | 577,000,000Source | 1,287,000,000Source | 788,000,000Source | -1,016,000,000Source | -973,000,000Source | 41,000,000Source | 1,153,000,000Source | 1,603,000,000Source | -2,801,000,000Source |
| Operating ExpensesUSD | — | — | 1,048,000,000Source | 835,000,000Source | 1,220,000,000Source | 1,011,000,000Source | 1,164,000,000Source | 966,000,000Source | 4,087,000,000Source | 3,397,000,000Source | 4,933,000,000Source | 3,576,000,000Source |
| Research and Development ExpenseUSD | — | — | 375,000,000Source | 332,000,000Source | 445,000,000Source | 394,000,000Source | 437,000,000Source | 377,000,000Source | 1,536,000,000Source | 1,367,000,000Source | 1,730,000,000Source | 1,503,000,000Source |
| Selling and Marketing ExpenseUSD | — | — | 410,000,000Source | 331,000,000Source | 498,000,000Source | 415,000,000Source | 496,000,000Source | 405,000,000Source | 1,663,000,000Source | 1,393,000,000Source | 1,220,000,000Source | 1,230,000,000Source |
| Total Revenue | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
Offerings
Registration 333-299778
Filing attachments
ny20084341x1_ex107.htm · S-3ASR · 2026-11-03
Exhibit 107 Calculation of Filing Fee Tables S-3 (Form Type) Shopify Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward ☐Not Applicable Securities ──────────────────────────────────────────────────────────────────── Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum O…
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