Shopify
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Shopify's past years’ income statements indicate that its last revenue has increased compared to the previous period by 26% to $7,060,000,000. The net income raised on $132,000,000 and profit margin reached 2%. Total operating expenses were $4,933,000,000.
Profit Margin
| 2014 | 105.01M | -22.31M | -21.24% |
|---|---|---|---|
| 2015 | 205.23M | -18.79M | -9.16% |
| 2016 | 389.33M | -35.35M | -9.08% |
| 2017 | 673.30M | -39.99M | -5.94% |
| 2018 | 1.07B | -64.55M | -6.01% |
| 2019 | 1.57B | -124.84M | -7.91% |
| 2020 | 2.92B | 319.50M | 10.91% |
| 2021 | 4.61B | 2.91B | 63.2% |
| 2022 | 5.59B | -3.46B | -61.79% |
| 2023 | 7.06B | 132M | 1.87% |
SHOP.TO Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 7.06B | 5.59B | 4.61B | 2.92B | 1.57B | 1.07B | 673.30M | 389.33M | 205.23M | 105.01M |
Cost of revenue | 3.54B | 2.84B | 2.13B | 1.38B | 712.53M | 476.96M | 293.05M | 179.83M | 94.16M | 43.22M |
Gross profit | 3.51B | 2.75B | 2.48B | 1.54B | 865.64M | 596.26M | 380.25M | 209.49M | 111.07M | 61.79M |
Operating exp. | ||||||||||
Research and development | 1.73B | 1.50B | 854.38M | 552.12M | 355.01M | 230.67M | 135.99M | 74.33M | 39.72M | 25.91M |
Selling and marketing | 1.22B | 1.23B | 901.55M | 602.04M | 472.84M | 350.06M | 225.69M | 129.21M | 70.37M | 45.92M |
Total operating expenses | 4.93B | 3.57B | 2.21B | 1.45B | 1.00B | 688.18M | 429.41M | 246.66M | 128.82M | 83.41M |
Operating income | -1.41B | -822.29M | 268.64M | 90.15M | -141.14M | -91.92M | -49.15M | -37.16M | -17.75M | -21.61M |
Other income (expenses), net | 1.60B | -2.80B | 2.87B | 150.21M | 45.33M | -2.06M | 9.16M | 1.81M | -1.03M | -696K |
Income before tax | 185M | -3.62B | 3.14B | 240.36M | -95.81M | -64.55M | -39.99M | -35.35M | -18.79M | -22.31M |
Income tax expense | 53M | -162.43M | 225.93M | -79.14M | 29.02M | 56.80M | 0 | 0 | 0 | 696K |
Net income | 132M | -3.46B | 2.91B | 319.50M | -124.84M | -64.55M | -39.99M | -35.35M | -18.79M | -22.31M |
Earnings per share | ||||||||||
Basic EPS | 0.1 | -2.73 | 2.34 | 0.27 | -0.11 | -0.06 | -0.04 | -0.04 | -0.03 | -0.01 |
Diluted EPS | 0.1 | -2.72 | 2.29 | 0.26 | -0.11 | -0.06 | -0.04 | -0.04 | -0.03 | -0.01 |
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