Shopify Inc. Website

Shopify Inc.

NYSE-SHOP

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

1,578.2

2,929.5

4,611.9

5,600

7,060

7,764

Total Revenues % Chg.

47%

85.6%

57.4%

21.4%

26.1%

23.2%

Cost of Goods Sold, Total

712.5

1,388

2,130.7

2,846

3,545

3,799

Gross Profit

865.6

1,541.5

2,481.1

2,754

3,515

3,965

Selling General & Admin Expenses, Total

626.6

803.5

1,216.5

1,731

1,622

1,704

R&D Expenses

355

518

818.8

1,485

1,612

1,294

Other Operating Expenses

—

46.4

65.3

14

21

19

Other Operating Expenses, Total

981.6

1,367.9

2,100.6

3,230

3,255

3,017

Operating Income

-116

173.6

380.5

-476

260

948

Interest Expense, Total

—

—

—

—

—

—

-9.1

-3.5

—

—

—

Interest And Investment Income

—

23.4

15.4

75

241

290

Net Interest Expenses

—

14.3

11.9

75

241

290

Income (Loss) On Equity Invest.

—

—

—

—

—

—

—

—

—

-58

-146

Currency Exchange Gains (Loss)

—

0.7

0.3

-2

1

1

Other Non Operating Income (Expenses)

—

—

—

—

—

20.2

-51.8

-81.7

-135

-152

-172

EBT, Excl. Unusual Items

-95.8

136.8

310.9

-538

292

921

Restructuring Charges

—

—

—

—

—

—

—

—

-30

-148

—

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

135.2

2,859.8

-2,874

1,419

474

Gain (Loss) On Sale Of Assets

—

—

—

—

—

—

—

—

-1,340

—

Asset Writedown

—

—

—

—

—

—

-31.6

-30.1

-84

-38

-38

Legal Settlements

—

—

—

—

—

—

—

—

-97

—

—

EBT, Incl. Unusual Items

-95.8

240.4

3,140.6

-3,623

185

1,357

Income Tax Expense

—

—

—

—

—

29

-79.1

225.9

-163

53

84

Earnings From Continuing Operations

-124.8

319.5

2,914.7

-3,460

132

1,273

Net Income

-124.8

319.5

2,914.7

-3,460

132

1,273

Net Income to Common Incl Extra Items

-124.8

319.5

2,914.7

-3,460

132

1,273

Net Income to Common Excl. Extra Items

-124.8

319.5

2,914.7

-3,460

132

1,273

Total Shares Outstanding

1,164.3

1,225.3

1,259.5

1,275.1

1,286.6

1,289.8

Weighted Avg. Shares Outstanding

1,130.3

1,195.7

1,246.6

1,266.3

1,281.6

1,286.3

Weighted Avg. Shares Outstanding Dil

1,130.3

1,234.6

1,273.6

1,266.3

1,295.5

1,300.3

EPS

-0.1

0.3

2.3

-2.7

0.1

1

EPS Diluted

-0.1

0.3

2.3

-2.7

0.1

1

EBITDA

-87.8

234.7

446.8

-383

330

991

Effective Tax Rate

—

—

—

—

—

-30.3%

-32.9%

7.2%

4.5%

28.6%

6.2%