SHOP financials
Shopify Inc. · end-of-day data as of Oct 16, 2026
Shopify Inc.
$169.52+49.0%
Buy · 54 analystsPT $175.53 +3.5%
SHOP reported revenue of $3.58B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 33.7% from a year earlier. It posted diluted EPS of $1.16, free cash flow of $654M and a net margin of 41.9%.
Valuation
- P/E113.8x
- P/E vs own-3.9%
- P/E vs sector+240.7%
- FCF yield+1.1%
- Market cap$220B
Quarterly results
Q2 FY2026: Revenue +33.7% year over year, free cash flow 18.3% of revenue, operating margin 13.6%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $3.58B | 1.16 | $654M | 47.7% | 13.6% | 41.9% |
| Q1 FY2026 | Mar 31, 2026 | $3.17B | -0.45 | $476M | 48.8% | 12.1% | -18.3% |
| Q4 FY2025 | Dec 31, 2025 | $3.67B | 0.58 | $715M | 46.1% | 17.2% | 20.2% |
| Q3 FY2025 | Sep 30, 2025 | $2.84B | 0.20 | $507M | 48.9% | 12.1% | 9.3% |
| Q2 FY2025 | Jun 30, 2025 | $2.68B | 0.69 | $430M | 48.6% | 10.9% | 33.8% |
| Q1 FY2025 | Mar 31, 2025 | $2.36B | -0.53 | $363M | 49.5% | 8.6% | -28.9% |
| Q4 FY2024 | Dec 31, 2024 | $2.81B | 1.00 | $611M | 48.1% | 16.5% | 46.0% |
| Q3 FY2024 | Sep 30, 2024 | $2.16B | 0.64 | $421M | 51.7% | 13.1% | 38.3% |
| Q2 FY2024 | Jun 30, 2024 | $2.04B | 0.13 | $333M | 51.1% | 11.8% | 8.4% |
| Q1 FY2024 | Mar 31, 2024 | $1.86B | -0.21 | $232M | 51.4% | 4.6% | -14.7% |
| Q4 FY2023 | Dec 31, 2023 | $2.14B | 0.51 | $446M | 49.5% | 13.5% | 30.6% |
| Q3 FY2023 | Sep 30, 2023 | $1.71B | 0.55 | $276M | 52.6% | 7.1% | 41.9% |