Gross margin
48.1% Fiscal year 2025
Rank 44 of 100: higher than 44% of 153 peers (All). medium.
Share of revenue left after the direct cost of the products sold.
About the company
Shopify is a Canadian software company. Merchants use its platform to build online stores, process payments and manage sales in stores or on social networks. Customers range from small founders to large brands in many countries. As of Oct 11, 2026
Fact sheet (from the annual report) Software (packaged programs) · Ottawa
Shopify provides a commerce platform through which merchants offer their goods in online stores, physical stores, social media and on artificial intelligence platforms. Its customers include merchants of all industries and sizes, from founders to large companies, that serve consumers or business customers directly. Subscription revenue comes mainly from platform subscriptions including variable fees, point-of-sale subscriptions, apps, domain names and design templates. Most merchants use the Basic and Grow plans, but most of the merchandise volume comes from Shopify Plus and offerings for large customers. Merchant solutions generate revenue mainly from payment processing and currency conversion fees through Shopify Payments, plus loans, shipping labels and advertising.
Automatically summarized from SEC annual report (10-K, filed Feb 11, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Price performance at a glance
Last 30 trading days
- Today −1.4%
- 7 days −4.4%
- 30 days +16.6%
- 1 year −5.3%
Day range (last trading day)
−1.4%Price at 30% of the range+3.1%
52-week range
−43.3%Price at 81% of the range+9.9%
- Distance from the all-time high
- −9.0%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: greenMargin: greenDebt: gray
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginShopify · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 11, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet
5 of 8 criteria met
Growth
Revenue and earnings per share · 2 without data
5 of 5 criteria met
Dividend
Level, consistency, coverage · 6 without data
0 of 1 criteria met
Financial strength
Piotroski, debt, liquidity · 1 without data
3 of 5 criteria met
Quality 5 of 8 met
- met: Gross margin above 40% 48.1%
- not met: Operating margin above 15% 12.7%
- met: Net margin above 10% 10.7%
- not met: Return on equity above 15% 9.1%
- met: Free cash flow margin above 10% 17.4%
- not met: Profit in each of the last 5 fiscal years 4 of 5
- met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
- met: Equity ratio above 30% 88.7%
Operating margin
12.7% Fiscal year 2025
Rank 46 of 100: higher than 46% of 192 peers (All). medium.
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
10.7% Fiscal year 2025
Rank 39 of 100: higher than 39% of 237 peers (All). medium.
Profit after all costs, interest and taxes divided by revenue.
Return on equity
9.1% Fiscal year 2025
Rank 28 of 100: higher than 28% of 218 peers (All). weak.
Net income divided by equity at fiscal year end.
Return on assets
8.1% Fiscal year 2025 (total assets at year end)
Rank 63 of 100: higher than 63% of 238 peers (All). medium.
Net income divided by total assets at fiscal year end.
Equity ratio
88.7% Fiscal year 2025
Rank 97 of 100: higher than 97% of 239 peers (All). strong.
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
17.4% Fiscal year 2025
Rank 60 of 100: higher than 60% of 213 peers (All). medium.
Free cash flow divided by revenue.
Free cash flow
2.0B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 5 of 5 met · 2 without data
- met: Over 3 years, revenue grew by more than 5% per year +27.3%
- met: Over 5 years, revenue grew by more than 5% per year +31.6%
- no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
- no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- met: Over 5 years, EPS grew by more than 5% per year +29.4%
- met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
- met: Revenue rose in the last fiscal year +30.1%
Revenue growth 3 years
+27.3% per year
Rank 83 of 100: higher than 83% of 230 peers (All). strong.
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+31.6% per year
Rank 85 of 100: higher than 85% of 217 peers (All). strong.
Average growth per year over 5 fiscal years.
EPS growth 5 years
+29.4% per year
Rank 83 of 100: higher than 83% of 146 peers (All). strong.
Growth of earnings per share per year, adjusted for stock splits.
Dividend 0 of 1 met · 6 without data
- not met: Pays a dividend no dividend per share reported for the last fiscal year
- no data: Payout ratio at most 60% of earnings pays no dividend
- no data: Dividend paid in each of the last 5 fiscal years pays no dividend
- no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
- no data: Dividend per share higher than 5 years ago pays no dividend
- no data: Free cash flow per share covers the dividend pays no dividend
- no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend
Financial strength 3 of 5 met · 1 without data
- not met: Piotroski F-Score at least 7 of 9 5 of 8 · 1 without data
- no data: Long-term debt no higher than equity no long-term debt reported
- met: Current assets cover current liabilities 5.96
- met: Positive equity 13.5B USD
- not met: In 5 years, share count up by at most 5% +5.7%
- met: Free cash flow positive in the last fiscal year 2.0B USD
Piotroski F-Score
5 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Liquidity (current ratio)
5.96 at fiscal year end
Rank 92 of 100: higher than 92% of 215 peers (All). strong.
Current assets divided by current liabilities.
Change in share count
+5.7% in 5 years
Rank 30 of 100: lower than 30% of 199 peers (All). weak.
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- met: Profit in the last fiscal year (positive return on assets)
- met: Positive operating cash flow
- not met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- no data: Long-term debt relative to total assets fell
- met: Liquidity (current assets / current liabilities) rose
- not met: No additional shares (diluted share count did not rise)
- not met: Gross margin higher than the prior year
- met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light green: Revenue grew over 5 years (+31.6% per year).
- Light green: Net income (total) grew over 5 years (+31.0% per year); per share +29.4% per year.
- Light green: Net margin 10.7%.
- Light red: Profit in 5 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue not available · Net income −35.4M USD · Net margin not available
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 673.3M USD · Net income −40.0M USD · Net margin −5.9%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 1.1B USD · Net income −64.6M USD · Net margin −6.0%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 1.6B USD · Net income −124.8M USD · Net margin −7.9%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 2.9B USD · Net income 319.5M USD · Net margin 10.9%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 4.6B USD · Net income 2.9B USD · Net margin 63.2%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 5.6B USD · Net income −3.5B USD · Net margin −61.8%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 7.1B USD · Net income 132.0M USD · Net margin 1.9%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 8.9B USD · Net income 2.0B USD · Net margin 22.7%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 11.6B USD · Net income 1.2B USD · Net margin 10.7%
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 1.9B USD · Net income −273.0M USD · Net margin −14.7%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 2.0B USD · Net income 171.0M USD · Net margin 8.4%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 2.2B USD · Net income 828.0M USD · Net margin 38.3%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 2.8B USD · Net income 1.3B USD · Net margin 46.0% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 2.4B USD · Net income −682.0M USD · Net margin −28.9%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 2.7B USD · Net income 906.0M USD · Net margin 33.8%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 2.8B USD · Net income 264.0M USD · Net margin 9.3%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 3.7B USD · Net income 743.0M USD · Net margin 20.2% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 3.2B USD · Net income −581.0M USD · Net margin −18.3%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 3.6B USD · Net income 1.5B USD · Net margin 41.9%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share not available
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share not available
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share not available
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share −0.11 USD (adjusted for split 10:1)
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 0.26 USD (adjusted for split 10:1)
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 2.29 USD (adjusted for split 10:1)
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share −2.73 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 0.10 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 1.55 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 0.94 USD
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share −0.21 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.13 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 0.64 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share −0.53 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 0.69 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 0.20 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share −0.45 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 1.16 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 11.6B USD · Net income 1.2B USD · Net margin 10.7%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 48.1 USD gross profit, 12.7 USD operating income and 10.7 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 11.6B USD | 100.0% |
| Gross profit | 5.6B USD | 48.1% |
| Cost of revenue | 6.0B USD | 51.9% |
| Operating income | 1.5B USD | 12.7% |
| Research & development | 1.5B USD | 13.3% |
| Other operating expenses | 2.6B USD | 22.1% |
| Net income | 1.2B USD | 10.7% |
| Taxes, interest & other (net) | 237.0M USD | 2.1% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin rose in 5 years from 3.1% to 12.7%.
Gross marginOperating marginNet margin- Fiscal year 2016: Gross margin not available · Operating margin not available · Net margin not available
- Fiscal year 2017: Gross margin 56.5% · Operating margin −7.3% · Net margin −5.9%
- Fiscal year 2018: Gross margin 55.6% · Operating margin −8.6% · Net margin −6.0%
- Fiscal year 2019: Gross margin 54.9% · Operating margin −8.9% · Net margin −7.9%
- Fiscal year 2020: Gross margin 52.6% · Operating margin 3.1% · Net margin 10.9%
- Fiscal year 2021: Gross margin 53.8% · Operating margin 5.8% · Net margin 63.2%
- Fiscal year 2022: Gross margin 49.2% · Operating margin −14.7% · Net margin −61.8%
- Fiscal year 2023: Gross margin 49.8% · Operating margin −20.1% · Net margin 1.9%
- Fiscal year 2024: Gross margin 50.4% · Operating margin 12.1% · Net margin 22.7%
- Fiscal year 2025: Gross margin 48.1% · Operating margin 12.7% · Net margin 10.7%
Returns
Return on equity rose in 5 years from 5.0% to 9.1%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity −8.6% · Return on assets −7.2%
- Fiscal year 2017: Return on equity −4.0% · Return on assets −3.6%
- Fiscal year 2018: Return on equity −3.1% · Return on assets −2.9%
- Fiscal year 2019: Return on equity −4.1% · Return on assets −3.6%
- Fiscal year 2020: Return on equity 5.0% · Return on assets 4.1%
- Fiscal year 2021: Return on equity 26.2% · Return on assets 21.8%
- Fiscal year 2022: Return on equity −42.0% · Return on assets −32.2%
- Fiscal year 2023: Return on equity 1.5% · Return on assets 1.2%
- Fiscal year 2024: Return on equity 17.5% · Return on assets 14.5%
- Fiscal year 2025: Return on equity 9.1% · Return on assets 8.1%
Equity and long-term debt
The equity ratio rose in 5 years from 82.5% to 88.7%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 410.5M USD · Long-term debt not available
- Fiscal year 2017: Equity 1.0B USD · Long-term debt not available
- Fiscal year 2018: Equity 2.1B USD · Long-term debt not available
- Fiscal year 2019: Equity 3.0B USD · Long-term debt 0.0 USD
- Fiscal year 2020: Equity 6.4B USD · Long-term debt 758.0M USD
- Fiscal year 2021: Equity 11.1B USD · Long-term debt 911.0M USD
- Fiscal year 2022: Equity 8.2B USD · Long-term debt 913.3M USD
- Fiscal year 2023: Equity 9.1B USD · Long-term debt 916.0M USD
- Fiscal year 2024: Equity 11.6B USD · Long-term debt 0.0 USD
- Fiscal year 2025: Equity 13.5B USD · Long-term debt not available
Liquidity (current ratio)
The current ratio fell in 5 years from 15.69 to 5.96.
Current ratio- Fiscal year 2016: Current ratio 6.36
- Fiscal year 2017: Current ratio 10.82
- Fiscal year 2018: Current ratio 15.35
- Fiscal year 2019: Current ratio 8.68
- Fiscal year 2020: Current ratio 15.69
- Fiscal year 2021: Current ratio 12.15
- Fiscal year 2022: Current ratio 7.07
- Fiscal year 2023: Current ratio 6.99
- Fiscal year 2024: Current ratio 3.71
- Fiscal year 2025: Current ratio 5.96
Cash flow
Free cash flow rose in 5 years from 383.2M USD to 2.0B USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 14.0M USD · Capital expenditure 23.8M USD · Free cash flow −9.8M USD
- Fiscal year 2017: Operating cash flow 7.9M USD · Capital expenditure 20.0M USD · Free cash flow −12.1M USD
- Fiscal year 2018: Operating cash flow 9.3M USD · Capital expenditure 28.0M USD · Free cash flow −18.6M USD
- Fiscal year 2019: Operating cash flow 70.6M USD · Capital expenditure 56.8M USD · Free cash flow 13.9M USD
- Fiscal year 2020: Operating cash flow 425.0M USD · Capital expenditure 41.7M USD · Free cash flow 383.2M USD
- Fiscal year 2021: Operating cash flow 504.4M USD · Capital expenditure 50.8M USD · Free cash flow 453.6M USD
- Fiscal year 2022: Operating cash flow −136.4M USD · Capital expenditure 50.0M USD · Free cash flow −186.5M USD
- Fiscal year 2023: Operating cash flow 944.0M USD · Capital expenditure 39.0M USD · Free cash flow 905.0M USD
- Fiscal year 2024: Operating cash flow 1.6B USD · Capital expenditure 19.0M USD · Free cash flow 1.6B USD
- Fiscal year 2025: Operating cash flow 2.0B USD · Capital expenditure 26.0M USD · Free cash flow 2.0B USD
Share count
The share count rose in 5 years by 5.7% – more new shares were issued than repurchased (dilution).
Diluted share count- Fiscal year 2016: Diluted share count not available
- Fiscal year 2017: Diluted share count not available
- Fiscal year 2018: Diluted share count not available
- Fiscal year 2019: Diluted share count 1.1B
- Fiscal year 2020: Diluted share count 1.2B
- Fiscal year 2021: Diluted share count 1.3B
- Fiscal year 2022: Diluted share count 1.3B
- Fiscal year 2023: Diluted share count 1.3B
- Fiscal year 2024: Diluted share count 1.3B
- Fiscal year 2025: Diluted share count 1.3B
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- none pays no dividend
- Share count over 5 years
- +5.7% more shares – dilution
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Key figures with traffic lights
Each light follows a simple, disclosed rule. This symbol has no sector assignment – lights with a sector comparison stay gray or use only the basic rule.
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+31.6% per year, last 5 years
What does this mean? Revenue: over 5 years it grew by 31.6% per year on average. Comparable values for a sector comparison are missing.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+31.0% per year, last 5 years
per share: +29.4% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 31.0% per year on average. Comparable values for a sector comparison are missing.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin10.7% last fiscal year
What does this mean? Of every 100 USD in revenue, 10.65 USD remained as profit. Comparable values for a sector comparison are missing.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth– latest balance sheet
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth– Dividend / earnings per share
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin5 of 10 fiscal years with a profit
What does this mean? In 5 of the last 10 fiscal years the bottom line showed a profit. 5 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 11.6B | 1.2B | 10.7% | 0.94 | – | – |
| 2024 | Dec 31, 2024 | 8.9B | 2.0B | 22.7% | 1.55 | – | – |
| 2023 | Dec 31, 2023 | 7.1B | 132.0M | 1.9% | 0.10 | – | – |
| 2022 | Dec 31, 2022 | 5.6B | −3.5B | −61.8% | −2.73 | – | – |
| 2021 | Dec 31, 2021 | 4.6B | 2.9B | 63.2% | 2.29 | – | – |
| 2020 | Dec 31, 2020 | 2.9B | 319.5M | 10.9% | 0.26 | – | – |
| 2019 | Dec 31, 2019 | 1.6B | −124.8M | −7.9% | −0.11 | – | – |
| 2018 | Dec 31, 2018 | 1.1B | −64.6M | −6.0% | – | – | – |
| 2017 | Dec 31, 2017 | 673.3M | −40.0M | −5.9% | – | – | – |
| 2016 | Dec 31, 2016 | – | −35.4M | – | – | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 3.6B | 1.5B | 41.9% | 1.16 | – | – |
| Q1/26 | Mar 31, 2026 | 3.2B | −581.0M | −18.3% | −0.45 | – | – |
| Q4/25* | Dec 31, 2025 | 3.7B | 743.0M | 20.2% | – | – | – |
| Q3/25 | Sep 30, 2025 | 2.8B | 264.0M | 9.3% | 0.20 | – | – |
| Q2/25 | Jun 30, 2025 | 2.7B | 906.0M | 33.8% | 0.69 | – | – |
| Q1/25 | Mar 31, 2025 | 2.4B | −682.0M | −28.9% | −0.53 | – | – |
| Q4/24* | Dec 31, 2024 | 2.8B | 1.3B | 46.0% | – | – | – |
| Q3/24 | Sep 30, 2024 | 2.2B | 828.0M | 38.3% | 0.64 | – | – |
| Q2/24 | Jun 30, 2024 | 2.0B | 171.0M | 8.4% | 0.13 | – | – |
| Q1/24 | Mar 31, 2024 | 1.9B | −273.0M | −14.7% | −0.21 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 10:1 (between Feb 16, 2022 and Feb 16, 2023). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: GlossaryIn the last 12 months, insiders of this stock have not acquired or disposed of shares on the market (SEC Form 4).
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +75
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)21.7
Rel. strength 60 d+40.3%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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News
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META's Q3 Earnings Beat Estimates, Revenues Rise Y/Y on Ad Growth Yahoo Finance · Oct 22, 15:23
Disco Launches Pre-Purchase, Bringing Advertiser-Funded Cash Back to Shopify Checkout Yahoo Finance · Oct 22, 15:00
Wall Street Bulls Look Optimistic About Shopify (SHOP): Should You Buy? Yahoo Finance · Oct 22, 14:30
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