NASDAQ:SHOP
Shopify Inc.
Shopify Inc.'s revenue grew 30.1% in fiscal 2025 to $11.6B while operating margin rose to 12.7%, its highest in 4 years. Free cash flow was $2.0B, 17.4% of revenue.Summary generated from Shopify Inc.'s SEC filings. Latest annual report filed Feb 11, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$11.6B
Revenue growth+30.1%
Revenue, 5-yr CAGRn/a
Gross margin48.1%
Operating margin12.7%
Net margin10.7%
ROICn/a
Return on equity9.8%
Debt / equityn/a
Free cash flow$2.0B
FCF margin17.4%
Share count change+0.3%
Financials
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 5.6 | 7.1 | 8.9 | 11.6 |
| Operating income | −0.8 | −1.4 | 1.1 | 1.5 |
| Net income | −3.5 | 0.1 | 2.0 | 1.2 |
| Free cash flow | −0.2 | 0.9 | 1.6 | 2.0 |
Recent filings
- 4Insider transaction report
Aug 31, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 5, 2026 - 8-KResults of operations and financial condition
Aug 5, 2026 - 8-KDirector or officer change
Jul 2, 2026 - 8-KResults of a shareholder vote
Jun 16, 2026 - 8-KRegulation FD disclosure
Jun 2, 2026 - 8-KOther events
May 8, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 5, 2026