Shopify Inc. (SHOP) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 3.17B | 3.67B | 2.84B | 2.68B | 2.36B | 2.81B | 2.16B | 2.04B | 1.86B | 2.14B | 1.71B | 1.69B |
| Revenue Growth % | 34.32% | 30.58% | 31.54% | 31.05% | 26.81% | 31.16% | 26.14% | 20.72% | 23.41% | 23.58% | 25.48% | 30.81% |
| Cost of Goods Sold | 1.62B | 1.98B | 1.45B | 1.38B | 1.19B | 1.46B | 1.04B | 1B | 904M | 1.08B | 813M | 859M |
| COGS % of Revenue | 51.23% | 53.89% | 51.09% | 51.42% | 50.47% | 51.92% | 48.29% | 48.9% | 48.58% | 50.47% | 47.43% | 50.71% |
| Gross Profit | 1.55B | 1.69B | 1.39B | 1.3B | 1.17B | 1.35B | 1.12B | 1.04B | 957M | 1.06B | 901M | 835M |
| Gross Margin % | 48.77% | 46.11% | 48.91% | 48.58% | 49.53% | 48.08% | 51.71% | 51.1% | 51.42% | 49.53% | 52.57% | 49.29% |
| Gross Profit Growth % | 32.25% | 25.22% | 24.42% | 24.59% | 22.15% | 27.31% | 24.08% | 25.15% | 33.47% | 33% | 36.1% | 27.29% |
| Operating Expenses | 1.16B | 1.06B | 1.05B | 1.01B | 966M | 887M | 835M | 804M | 871M | 773M | 779M | 2.47B |
| OpEx % of Revenue | 36.72% | 28.92% | 36.85% | 37.72% | 40.93% | 31.54% | 38.62% | 39.32% | 46.8% | 36.05% | 45.45% | 145.87% |
| Selling, General & Admin | 611M | 558M | 525M | 537M | 514M | 460M | 445M | 413M | 485M | 417M | 432M | 452M |
| SG&A % of Revenue | 19.27% | 15.2% | 18.46% | 20.04% | 21.78% | 16.36% | 20.58% | 20.2% | 26.06% | 19.45% | 25.2% | 26.68% |
| Research & Development | 437M | 390M | 375M | 394M | 377M | 351M | 332M | 349M | 335M | 311M | 313M | 648M |
| R&D % of Revenue | 13.79% | 10.62% | 13.19% | 14.7% | 15.97% | 12.48% | 15.36% | 17.07% | 18% | 14.51% | 18.26% | 38.25% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 382M | 631M | 343M | 291M | 203M | 465M | 283M | 241M | 86M | 289M | 122M | -1.64B |
| Operating Margin % | 12.05% | 17.18% | 12.06% | 10.86% | 8.6% | 16.54% | 13.09% | 11.78% | 4.62% | 13.48% | 7.12% | -96.58% |
| Operating Income Growth % | 88.18% | 35.7% | 21.2% | 20.75% | 136.05% | 60.9% | 131.97% | 114.73% | 144.56% | 253.11% | 135.26% | -761.05% |
| EBITDA | 382M | 638M | 351M | 299M | 211M | 473M | 291M | 251M | 96M | 299M | 135M | -1.62B |
| EBITDA Margin % | 12.05% | 17.37% | 12.34% | 11.16% | 8.94% | 16.82% | 13.46% | 12.27% | 5.16% | 13.95% | 7.88% | -95.57% |
| EBITDA Growth % | 81.04% | 34.88% | 20.62% | 19.12% | 119.79% | 58.19% | 115.56% | 115.5% | 158.9% | 288.14% | 142.59% | -830.46% |
| D&A (Non-Cash Add-back) | 0 | 7M | 8M | 8M | 8M | 8M | 8M | 10M | 10M | 10M | 13M | 17M |
| EBIT | 382M | 511M | 308M | 371M | 278M | 541M | 341M | 283M | 86M | 289M | 122M | -296M |
| Net Interest Income | 75M | 79M | 81M | 106M | 65M | 72M | 77M | 80M | 79M | 68M | 63M | 58M |
| Interest Income | 75M | 79M | 81M | 106M | 65M | 72M | 77M | 80M | 79M | 68M | 63M | 58M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.02B | 261M | -35M | 788M | -973M | 956M | 577M | -38M | -342M | 393M | 606M | 335M |
| Pretax Income | -634M | 892M | 308M | 1.08B | -770M | 1.42B | 860M | 203M | -256M | 682M | 728M | -1.3B |
| Pretax Margin % | -20% | 24.29% | 10.83% | 40.26% | -32.63% | 50.53% | 39.78% | 9.93% | -13.76% | 31.81% | 42.47% | -76.8% |
| Income Tax | -53M | 149M | 44M | 173M | -88M | 128M | 32M | 32M | 17M | 25M | 10M | 10M |
| Effective Tax Rate % | 8.36% | 16.7% | 14.29% | 16.03% | 11.43% | 9.01% | 3.72% | 15.76% | -6.64% | 3.67% | 1.37% | -0.77% |
| Net Income | -581M | 743M | 264M | 906M | -682M | 1.29B | 828M | 171M | -273M | 657M | 718M | -1.31B |
| Net Margin % | -18.33% | 20.23% | 9.28% | 33.81% | -28.9% | 45.98% | 38.3% | 8.36% | -14.67% | 30.64% | 41.89% | -77.39% |
| Net Income Growth % | 14.81% | -42.54% | -68.12% | 429.82% | -149.82% | 96.8% | 15.32% | 113.04% | -501.47% | 205.34% | 551.57% | -8.89% |
| Net Income (Continuing) | -581M | 743M | 264M | 906M | -682M | 1.29B | 828M | 171M | -273M | 657M | 718M | -1.31B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.45 | 0.58 | 0.20 | 0.69 | -0.53 | 1.00 | 0.64 | 0.13 | -0.21 | 0.51 | 0.55 | -1.02 |
| EPS Growth % | 15.09% | -42% | -68.75% | 430.77% | -152.38% | 96.08% | 16.36% | 112.75% | -499.24% | 204.08% | 558.33% | -7.37% |
| EPS (Basic) | -0.45 | 0.58 | 0.20 | 0.70 | -0.53 | 1.00 | 0.64 | 0.13 | -0.21 | 0.51 | 0.56 | -1.02 |
| Diluted Shares Outstanding | 1.3B | 1.3B | 1.31B | 1.31B | 1.3B | 1.29B | 1.3B | 1.3B | 1.29B | 1.3B | 1.3B | 1.28B |
| Basic Shares Outstanding | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.28B | 1.28B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |