SHOPIFY INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
SHOP$152.06+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Shareholders’ Equity
(Expressed in US millions, except share amounts)
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Income (Loss) · Accumulated (Deficit) Surplus · Total | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount | ||||||
| As of December 31, 2023 | 1,286,570,294 | 9,201 | 251 | 4 | (390) | 9,066 |
| Exercise of stock options | 351,486 | 6 | (3) | — | — | 3 |
| Stock-based compensation | — | — | 105 | — | — | 105 |
| Vesting of restricted share units | 1,206,213 | 76 | (76) | — | — | — |
| Net loss and comprehensive loss for the period | — | — | — | (8) | (273) | (281) |
| As of March 31, 2024 | 1,288,127,993 | 9,283 | 277 | (4) | (663) | 8,893 |
| Exercise of stock options | 451,202 | 4 | (1) | — | — | 3 |
| Stock-based compensation | — | — | 106 | — | — | 106 |
| Vesting of restricted share units | 1,220,095 | 81 | (81) | — | — | — |
| Net income and comprehensive loss for the period | — | — | — | (1) | 171 | 170 |
| As of June 30, 2024 | 1,289,799,290 | 9,368 | 301 | (5) | (492) | 9,172 |
| Exercise of stock options | 346,245 | 9 | (3) | — | — | 6 |
| Stock-based compensation | — | — | 110 | — | — | 110 |
| Vesting of restricted share units | 1,586,808 | 97 | (99) | — | — | (2) |
| Net income and comprehensive income for the period | — | — | — | 4 | 828 | 832 |
| As of September 30, 2024 | 1,291,732,343 | 9,474 | 309 | (1) | 336 | 10,118 |
Condensed Consolidated Statements of Changes in Shareholders’ Equity — (continued)
(Expressed in US millions, except share amounts)
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Income (Loss) · Accumulated (Deficit) Surplus · Total | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount | ||||||
| As of December 31, 2024 | 1,294,580,140 | 9,634 | 305 | (10) | 1,629 | 11,558 |
| Exercise of stock options | 1,190,811 | 87 | (28) | — | — | 59 |
| Stock-based compensation | — | — | 114 | — | — | 114 |
| Vesting of restricted share units | 1,055,597 | 86 | (88) | — | — | (2) |
| Issuance of shares related to business acquisition | 252,257 | 24 | (24) | — | — | — |
| Net loss and comprehensive income for the period | — | — | — | 4 | (682) | (678) |
| As of March 31, 2025 | 1,297,078,805 | 9,831 | 279 | (6) | 947 | 11,051 |
| Exercise of stock options | 1,132,628 | 68 | (24) | — | — | 44 |
| Stock-based compensation | — | — | 113 | — | — | 113 |
| Vesting of restricted share units | 1,156,751 | 86 | (87) | — | — | (1) |
| Net income and comprehensive income for the period | — | — | — | 11 | 906 | 917 |
| As of June 30, 2025 | 1,299,368,184 | 9,985 | 281 | 5 | 1,853 | 12,124 |
| Exercise of stock options | 706,028 | 34 | (10) | — | — | 24 |
| Stock-based compensation | — | — | 107 | — | — | 107 |
| Vesting of restricted share units | 1,206,840 | 104 | (106) | — | — | (2) |
| Net income and comprehensive loss for the period | — | — | — | (6) | 264 | 258 |
| As of September 30, 2025 | 1,301,281,052 | 10,123 | 272 | (1) | 2,117 | 12,511 |
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