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SHOP

Shopify Inc.

Information TechnologyPrepackaged Software
Ticker SHOPOTTAWAFiscal year ends DecemberBook value per share $9.74Diluted shares 1.3B

Shopify Inc. (Nasdaq: SHOP) provides a cloud-based commerce platform that helps businesses start, operate and grow across online storefronts, physical retail, social media and other sales channels. Its tools support storefront creation, inventory and transaction management, marketing, payments, shipping and buyer… From the company’s description.

In fiscal 2025, Shopify Inc. reported revenue of $11.56B, up 30.1% from fiscal 2024, and net income of $1.23B. Its operating margin was 12.7%, and operations generated $2.03B in cash. Over the twelve months to Jun 30, 2026, revenue was $13.27B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$11.56BFY2025
+30.1% year over year
Last 12 mo $13.27B
12.70%FY2025
+0.6 percentage points
Last 12 mo 13.90%
$1.23BFY2025
−39.0% year over year
Last 12 mo $1.93B
9.14%FY2025
−8.3 percentage points
Last 12 mo 15.20%
Cash & financing
$2.03BFY2025
+25.8% year over year
Last 12 mo $2.38B
$2.01BFY2025
+25.7% year over year
Last 12 mo $2.35B
0.00FY2025
Was 0.08× a year earlier
1.3BFY2025
+0.3% year over year
Last 12 mo 1.3B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Shopify Inc. does

In the company’s own words

Shopify Inc. (Nasdaq: SHOP) provides a cloud-based commerce platform that helps businesses start, operate and grow across online storefronts, physical retail, social media and other sales channels. Its tools support storefront creation, inventory and transaction management, marketing, payments, shipping and buyer relationships, serving merchants from entrepreneurs and small businesses to large direct-to-consumer and business-to-business companies. Shopify generates subscription solutions revenue from platform and POS Pro subscriptions, apps, domains and themes, and merchant solutions revenue primarily from payment processing and currency conversion through Shopify Payments, as well as lending, shipping labels, POS hardware and other services. Shopify Plus and enterprise offerings serve larger merchants with additional functionality, including wholesale and commerce automation features. The company’s platform ecosystem included more than 21,000 apps as of December 31, 2025. Shopify had millions of merchants in more than 175 countries and approximately 7,600 employees worldwide at that date. Its website is www.shopify.com.

Company details
Sector
Information Technology
Industry (SIC)
Prepackaged Software
Headquarters
OTTAWA
Fiscal year end
December
CIK
1594805
SIC
7372

Financial performance, year by year

Fiscal 2024–2025 · USD
$-1.33B$2.65B$6.63B$10.62B$14.60B20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Shopify Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

731
funds hold it
2 of 35
superinvestors hold it
$37.14B
held by funds, at market

Superinvestors in Shopify Inc. · what they did last quarter

Polen CapitalDECREASED -27.4%
Polen Capital Management
4.5%of 13F portfolio
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Shopify Inc.’s weight in each

1.03%of fund net assets
0.60%of fund net assets
—of fund net assets
1.05%of fund net assets
VANGUARD DEVELOPED MARKETS INDEX FUND
VEA · VANGUARD TAX-MANAGED FUNDS
0.43%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Shopify Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Shopify Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Shopify Inc.'s last four quarterly filings that the numbers alone won't show?”
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