Company profile · free preview
Shopify
SHOP · Updated 11/13/2026
Revenue
$11.6B
Fiscal 2025
Net income
$1.2B
Fiscal 2025
Free cash flow
$2.0B
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 |
|---|---|---|
| Revenue | $11.6B | $8.9B |
| Net income | $1.2B | $2.0B |
| Diluted EPS | — | — |
| Operating cash flow | $2.0B | $1.6B |
| Free cash flow | $2.0B | $1.6B |
| Cash | $1.5B | $1.5B |
| Total debt | — | — |
Financial trends
Historical · FY2024–FY2025
Source: Reported annual filings (10-K / 20-F) and provider data. Fiscal years as reported; margins are calculated from the reported figures shown.
Want the story behind these numbers? Ask Osiris anything about Shopify's filings — free.
Create free accountWhere the cash went
Cumulative, fiscal 2024–2025, straight from the reported cash-flow statements.
Reinvested in capex
1.2%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2024–2025
| Operating cash flow | $3.6B |
| Capital expenditure | ($45.0M) |
| Free cash flow | $3.6B |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
Shopify return on capital (fiscal 2025)
ROIC
8.9%
Return on capital
9.3%
Return on equity
9.8%
Return on assets
8.5%
Gross margin
48.1%
Operating margin
16.3%
Net debt / EBITDA
-1.02x
SEC filings
Ask anything about Shopify's filings
"What changed since last year?" "Where is the cash going?" Get answers drawn straight from the filings.
Start researching free