SHOPIFY INC.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed Nov 3, 2026
SHOP$146.61-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Income
(Expressed in US $ millions, except share and per share amounts)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | ||||
| Subscription solutions | 836 | 699 | 2,388 | 1,975 |
| Merchant solutions | 2,906 | 2,145 | 8,107 | 5,909 |
| 3,742 | 2,844 | 10,495 | 7,884 | |
| Cost of revenues | ||||
| Subscription solutions | 175 | 128 | 486 | 372 |
| Merchant solutions | 1,786 | 1,325 | 4,974 | 3,650 |
| 1,961 | 1,453 | 5,460 | 4,022 | |
| Gross profit | 1,781 | 1,391 | 5,035 | 3,862 |
| Operating expenses | ||||
| Sales and marketing | 466 | 410 | 1,460 | 1,230 |
| Research and development | 497 | 375 | 1,379 | 1,146 |
| General and administrative | 130 | 115 | 381 | 346 |
| Transaction and loan losses | 120 | 148 | 377 | 303 |
| Total operating expenses | 1,213 | 1,048 | 3,597 | 3,025 |
| Income from operations | 568 | 343 | 1,438 | 837 |
| Other income (expense), net | ||||
| Interest income | 65 | 81 | 206 | 252 |
| Net realized gain on equity and other investments | 10 | — | 14 | 1 |
| Net unrealized (loss) gain on equity and other investments | (127) | (62) | 58 | (402) |
| Net loss on equity method investment | (21) | (21) | (64) | (68) |
| Unrealized loss on embedded derivative | — | (29) | — | (29) |
| Foreign exchange gain (loss) | 4 | (4) | (12) | 26 |
| Total other (expense) income, net | (69) | (35) | 202 | (220) |
| Income before income taxes | 499 | 308 | 1,640 | 617 |
| Provision for income taxes | (37) | (44) | (257) | (129) |
| Net income | 462 | 264 | 1,383 | 488 |
| Net income per share attributable to shareholders: | ||||
| Basic | $0.36 | $0.20 | $1.07 | $0.38 |
| Diluted | $0.36 | $0.20 | $1.06 | $0.37 |
| Weighted average shares used to compute net income per share attributable to shareholders: | ||||
| Basic | 1,286,866,079 | 1,300,069,685 | 1,295,087,677 | 1,297,764,857 |
| Diluted | 1,290,726,742 | 1,312,872,709 | 1,298,617,944 | 1,310,028,907 |
| Other comprehensive income (loss) | ||||
| Unrealized gain (loss) on cash flow hedges | 2 | (9) | (9) | 12 |
| Tax effect on unrealized (loss) gain on cash flow hedges | (1) | 3 | 2 | (3) |
| Total other comprehensive income (loss) | 1 | (6) | (7) | 9 |
| Comprehensive income | 463 | 258 | 1,376 | 497 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.