SHOPIFY INC. financial metrics

Professional SEC-based dashboard for profitability, financial health, and growth with transparent scoring logic. Latest period: Q4 2025.

Symbol
SHOP on Nasdaq
Location
Ottawa, Ontario, Canada
Fiscal year end
31 December
Latest financial report
11 Feb 2026

Quick Takeaways

  • SHOP - SHOPIFY INC. financial facts are built from SEC company filings data.
  • Latest metrics period on this page: Q4 2025.
  • Headline metric: Return On Equity 9.8%.

What Changed

  • Return On Equity YoY change: <span class="text-red-600">-50%</span>.
  • Most recent SEC facts end date: 31 Dec 2025.

Why This Matters

  • This gives a beginner-friendly first read before you inspect detailed formulas and metric tables.
  • Every metric card links to a deeper SEC-backed history page for verification.

Official SEC Source

Based on latest 10-Q/10-K

Facts and ratios are grounded in SEC company facts linked to the latest 10-Q/10-K cycle.

See Original Filing

Latest SEC snapshot (2025-12-31) highlights Return On Equity 9.8%, Return On Assets 8.1%, and Operating Margin 20.3%.

Financial Quality Score

Transparent 0-100 scoring model based on profitability, financial health, and growth factors.

49.7/100

Caution Confidence high

Return On Equity

9.8%

Metric score 10.8/100

Return On Assets

8.1%

Metric score 76.9/100

Financial Health

Current Ratio
5.96x
Quick Ratio
4.58x
Debt to Equity
0.01x

Strengths

Return On Assets, Operating Margin, and Debt-to-equity

Watchpoints

Return On Equity, Current Ratio, and Quick Ratio

Key metrics snapshot

Return On Equity

9.8%

YoY: -50%

Industry median: 1.8% (n=305)

View history

Return On Assets

8.1%

YoY: -47%

Industry median: -5.4% (n=303)

View history

Operating Margin

20%

YoY: +4.9%

Industry median: -8.2% (n=263)

View history

Current Ratio

5.96x

YoY: +61%

Industry median: 1.3x (n=304)

View history

Quick Ratio

4.58x

YoY: +61%

Industry median: 0.94x (n=234)

View history

Debt-to-equity

0.01x

YoY:

Industry median: 0.51x (n=238)

View history

Revenues YoY

30%

YoY:

Industry median: 10% (n=265)

View history

NetIncomeLoss YoY

-39%

YoY:

Industry median: 6.9% (n=284)

View history

Profitability

Metric Latest value YoY change
Return On Equity 9.8% -50%
Return On Assets 8.2% -47%
Operating Margin 20% +4.9%

Financial Health

Metric Latest value YoY change
Current Ratio 5.96x +61%
Quick Ratio 4.58x +61%
Debt-to-equity 0.01x

Growth

Metric Latest value YoY change
Revenues YoY 30%
NetIncomeLoss YoY -39%

Share Metrics

Metric Latest value YoY change
Common Stock, Value, Issued $10,376,000,000 +7.7%
Weighted Average Number of Shares Outstanding, Basic 1,298,955,860 +0.71%
Weighted Average Number of Shares Outstanding, Diluted 1,304,953,255 +0.26%

Additional Metrics

Metric Latest value YoY change
Research and Development Expense $1,536,000,000 +12%
Selling and Marketing Expense $1,663,000,000 +19%
General and Administrative Expense $471,000,000 +15%
Operating Income (Loss) $1,468,000,000 +37%
Nonoperating Income (Expense) $41,000,000 -96%
Income Tax Expense (Benefit) $278,000,000 +33%
Earnings Per Share, Basic 0.95 -39%
Earnings Per Share, Diluted 0.94 -39%
Cash and Cash Equivalents, at Carrying Value $1,545,000,000 +3.1%
Marketable Securities, Current $4,233,000,000 +6.3%
Inventory, Net $21,000,000 -19%
Assets, Current $8,296,000,000 +14%
Deferred Income Tax Assets, Net $33,000,000 -11%
Property, Plant and Equipment, Net $53,000,000 +13%
Operating Lease, Right-of-Use Asset $88,000,000 -5.4%
Intangible Assets, Net (Excluding Goodwill) $30,000,000 +36%
Goodwill $491,000,000 +8.6%
Other Assets, Noncurrent $39,000,000 +86%
Assets $15,189,000,000 +9.1%
Employee-related Liabilities, Current $102,000,000 +3%
Contract with Customer, Liability, Current $300,000,000 +6%
Liabilities, Current $1,392,000,000 -29%
Contract with Customer, Liability, Noncurrent $98,000,000 -33%
Deferred Income Tax Liabilities, Net $55,000,000 -25%
Operating Lease, Liability, Noncurrent $171,000,000 -10%
Accumulated Other Comprehensive Income (Loss), Net of Tax $1,000,000
Retained Earnings (Accumulated Deficit) $2,860,000,000 +76%
Stockholders' Equity Attributable to Parent $13,473,000,000 +17%
Liabilities and Equity $15,189,000,000 +9.1%
Net Cash Provided by (Used in) Operating Activities $2,033,000,000 +26%
Net Cash Provided by (Used in) Financing Activities $811,000,000 -1430%
Net Cash Provided by (Used in) Investing Activities $1,190,000,000 +25%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $47,000,000 -45%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $1,545,000,000 +3.1%
Deferred Tax Assets, Valuation Allowance $489,000,000 +1.5%
Deferred Tax Assets, Gross $837,000,000 -6.5%
Payments to Acquire Property, Plant, and Equipment $26,000,000 +37%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $1,242,000,000 -38%
Property, Plant and Equipment, Gross $228,000,000 +5.1%
Operating Lease, Liability, Current $17,000,000 -5.6%
Operating Lease, Weighted Average Discount Rate, Percent 0.036 +5.9%
Deferred Tax Assets, Operating Loss Carryforwards $578,000,000 -4.9%
Unrecognized Tax Benefits $25,000,000 +67%
Additional Paid in Capital $236,000,000 -23%
Amortization of Intangible Assets $13,000,000 -7.1%
Depreciation, Depletion and Amortization $31,000,000 -14%
Deferred Tax Assets, Net of Valuation Allowance $348,000,000 -16%
Share-based Payment Arrangement, Expense $449,000,000 +4.4%

How we score

This score is transparent and deterministic. We weight profitability, financial health, and growth metrics, then renormalize weights when SEC data is missing.

Metric Weight V1 threshold
ROIC205% to 20%
ROE158% to 25%
ROA102% to 10%
Operating Margin55% to 25%
Current Ratio121.0x to 2.0x
Quick Ratio80.8x to 1.5x
Debt to Equity100.3x to 2.0x (lower is better)
Revenue YoY10-10% to +20%
Net Income YoY10-10% to +20%

How Calculated (standard_v1)

Metrics are computed with a market-consensus convention designed for cross-portal comparability.

  • TTM Operating Income / TTM Revenues
  • Current Assets / Current Liabilities (latest instant quarter)
  • (Current Assets - Inventory) / Current Liabilities; fallback: (Cash+Short-Term Investments + Accounts Receivable) / Current Liabilities
  • Total Debt / Stockholders Equity (latest instant quarter; shared unit; freshest series)
  • TTM Net Income / Average Equity (current quarter + same quarter previous year) / 2
  • TTM Net Income / Average Assets (current quarter + same quarter previous year) / 2
  • TTM NOPAT / Average Invested Capital, where NOPAT=Operating Income*(1-tax rate), Invested Capital=Equity+Total Debt-Cash & ST Investments
  • TTM Revenues YoY
  • TTM Net Income YoY