What changed in Shopify Inc.'s latest annual report
In the year ended 31 Dec 2025, Shopify Inc.'s revenue rose 30.1% to USD 11.56bn, from USD 8.88bn; net income fell 39% to USD 1.23bn, from USD 2.02bn; shareholders' equity rose 16.6% to USD 13.47bn, from USD 11.56bn.
Year ended 31 Dec 2025. Source: 10-K filed 11 Feb 2026, read it on SEC EDGAR.
USD 8.88bn to USD 11.56bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 8.88bn | 11.56bn | Up 30.1% |
| Net income | 2.02bn | 1.23bn | Down 39% |
| Total assets | 13.92bn | 15.19bn | Up 9.1% |
| Cash and cash equivalents | 1.50bn | 1.54bn | Up 3.1% |
| Shareholders' equity | 11.56bn | 13.47bn | Up 16.6% |
Questions people ask
Did Shopify Inc.'s revenue grow last year?
Revenue grew 30.1%, from USD 8.88bn to USD 11.56bn in the year ended 31 Dec 2025.
Is Shopify Inc. profitable?
Yes. Net income was USD 1.23bn in the year ended 31 Dec 2025. The year before: USD 2.02bn.
How much cash and debt does Shopify Inc. have?
At its latest year end (31 Dec 2025), Shopify Inc. reported cash and cash equivalents of USD 1.54bn.
Where do these numbers come from?
From Shopify Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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