Shopify Past Earnings Performance

Past criteria checks 2/6

Shopify's earnings have been declining at an average annual rate of -22.7%, while the IT industry saw earnings growing at 13.9% annually. Revenues have been growing at an average rate of 30.9% per year. Shopify's return on equity is 13.9%, and it has net margins of 16.4%.

Key information

-22.7%

Earnings growth rate

-22.5%

EPS growth rate

IT Industry Growth12.9%
Revenue growth rate30.9%
Return on equity13.9%
Net Margin16.4%
Next Earnings Update12 Nov 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Shopify makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

BMV:SHOP N Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 247,7641,2731,7041,294
31 Mar 247,413-2091,6961,490
31 Dec 237,0601321,6221,612
30 Sep 236,651-1,1481,5601,836
30 Jun 236,303-2,0251,6791,833
31 Mar 235,904-1,9181,7301,637
31 Dec 225,600-3,4601,7311,485
30 Sep 225,245-3,2081,7961,323
30 Jun 225,003-1,9011,5581,125
31 Mar 224,8271821,379956
31 Dec 214,6122,9151,217819
30 Sep 214,2103,4101,060699
30 Jun 213,8532,452937623
31 Mar 213,4481,609854570
31 Dec 202,929320804518
30 Sep 202,457196767470
30 Jun 202,080-67724423
31 Mar 201,728-132683382
31 Dec 191,578-125627355
30 Sep 191,417-127567310
30 Jun 191,296-78533283
31 Mar 191,179-73493254
31 Dec 181,073-65454226
30 Sep 18952-66412199
30 Jun 18854-52370174
31 Mar 18760-42326153
31 Dec 17673-40291133
30 Sep 17581-46258118
30 Jun 17509-46225101
31 Mar 17444-4019586
31 Dec 16389-3517273
30 Sep 16329-3314961
30 Jun 16282-2812952
31 Mar 16241-2310944
31 Dec 15205-199038
30 Sep 15170-177533
30 Jun 15145-176629
31 Mar 15124-206127
31 Dec 14105-225526
31 Dec 1350-52714

Quality Earnings: SHOP N has a large one-off gain of $436.0M impacting its last 12 months of financial results to 30th June, 2024.

Growing Profit Margin: SHOP N became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SHOP N has become profitable over the past 5 years, growing earnings by -22.7% per year.

Accelerating Growth: SHOP N has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SHOP N has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (8.4%).


Return on Equity

High ROE: SHOP N's Return on Equity (13.9%) is considered low.


Return on Assets


Return on Capital Employed


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