SHOPIFY INC.

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 11, 2026

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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Contents

Consolidated Statements of Changes in Shareholders' Equity

(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, 2022	1,275,128,567	8,747	30	(16)	(522)	8,239
Exercise of stock options	3,915,216	109	(49)	—	—	60
Stock-based compensation	—	—	615	—	—	615
Vesting of restricted share units	7,288,043	335	(335)	—	—	—
Issuance of shares related to business acquisitions	238,468	10	(10)	—	—	—
Net income and comprehensive income for the year	—	—	—	20	132	152
As of December 31, 2023	1,286,570,294	9,201	251	4	(390)	9,066
Exercise of stock options	2,576,628	89	(28)	—	—	61
Stock-based compensation	—	—	430	—	—	430
Vesting of restricted share units	5,433,218	344	(348)	—	—	(4)
Net income and comprehensive loss for the year	—	—	—	(14)	2,019	2,005
As of December 31, 2024	1,294,580,140	9,634	305	(10)	1,629	11,558
Exercise of stock options	4,739,441	342	(110)	—	—	232
Stock-based compensation	—	—	449	—	—	449
Vesting of restricted share units	4,332,463	376	(384)	—	—	(8)
Issuance of shares related to business acquisitions	252,257	24	(24)	—	—	—
Net income and comprehensive income for the year	—	—	—	11	1,231	1,242
As of December 31, 2025	1,303,904,301	10,376	236	1	2,860	13,473

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.