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Shopify Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 11.6B 8.9B 7.1B 5.6B 4.6B
Operating Revenue 11.6B 8.9B 7.1B 5.6B 4.6B
Cost Of Revenue 6.0B 4.4B 3.5B 2.8B 2.1B
Gross Profit 5.6B 4.5B 3.5B 2.8B 2.5B
Selling General And Administration 2.1B 1.8B 1.7B 1.9B 1.3B
General And Administrative Expense 471.0M 410.0M 491.0M 708.0M 374.8M
Research And Development 1.5B 1.4B 1.7B 1.5B 854.4M
Other Operating Expenses -- 227.0M 152.0M 135.0M 81.7M
Operating Expense 3.7B 3.2B 3.4B 3.4B 2.1B
Operating Income 1.9B 1.3B 74.0M -687.0M 350.4M
EBIT 1.9B 1.3B 74.0M -687.0M 3.1B
Interest Expense -- -- -- 1.1M 1.1M
Interest Expense Non Operating -- -- -- 1.1M 1.1M
Interest Income 331.0M 308.0M 241.0M 75.0M 15.4M
Interest Income Non Operating 331.0M 308.0M 241.0M 75.0M 15.4M
Net Interest Income 331.0M 308.0M 241.0M 75.0M 11.9M
Other Income Expense -707.0M 618.0M -130.0M -3.0B 2.8B
Special Income Charges -417.0M -227.0M -1.5B -135.0M -81.7M
Restructuring And Mergern Acquisition 417.0M 227.0M 152.0M 135.0M 81.7M
Write Off 0.00 0.00 1.3B 0.00 --
Gain On Sale Of Security -250.0M 983.0M 1.4B -2.9B 2.9B
Earnings From Equity Interest -40.0M -138.0M -58.0M 0.00 --
Pretax Income 1.5B 2.2B 185.0M -3.6B 3.1B
Tax Provision 278.0M 209.0M 53.0M -163.0M 225.9M
Tax Effect Of Unusual Items -122.7M 71.1M -20.6M -135.5M 199.9M
Net Income From Continuing And Discontinued Operation 1.2B 2.0B 132.0M -3.5B 2.9B
Net Income From Continuing Operation Net Minority Interest 1.2B 2.0B 132.0M -3.5B 2.9B
Net Income Including Noncontrolling Interests 1.2B 2.0B 132.0M -3.5B 2.9B
Net Income Common Stockholders 1.2B 2.0B 132.0M -3.5B 2.9B
Net Income 1.2B 2.0B 132.0M -3.5B 2.9B
EBITDA 1.9B 1.3B 144.0M -594.0M 3.2B
Normalized EBITDA 2.6B 582.0M 216.0M 2.4B 429.7M
Reconciled Depreciation 31.0M 36.0M 70.0M 93.0M 66.3M
Basic EPS 0.95 1.56 0.10 -2.73 --
Diluted EPS 0.94 1.56 0.10 -2.73 --
Basic Average Shares 1.3B 1.3B 1.3B 1.3B --
Diluted Average Shares 1.3B 1.3B 1.3B 1.3B --
Total Unusual Items -667.0M 756.0M -72.0M -3.0B 2.8B
Total Unusual Items Excluding Goodwill -667.0M 756.0M -72.0M -3.0B 2.8B
Tax Rate For Calcs 0.18 0.09 0.29 0.04 0.07
Normalized Income 1.8B 1.3B 183.4M -584.5M 336.2M
Average Dilution Earnings -- 0.00 1.0M 0.00 2.6M
Diluted NI Availto Com Stockholders 1.2B 2.0B 132.0M -3.5B 2.9B
Net Income Continuous Operations 1.2B 2.0B 132.0M -3.5B 2.9B
Net Non Operating Interest Income Expense 331.0M 308.0M 241.0M 75.0M 11.9M
Other Gand A 471.0M 410.0M 491.0M 708.0M 374.8M
Reconciled Cost Of Revenue 6.0B 4.4B 3.5B 2.8B 2.1B
Selling And Marketing Expense 1.7B 1.4B 1.2B 1.2B 901.6M
Total Expenses 9.7B 7.6B 7.0B 6.3B 4.3B
Total Operating Income As Reported 1.5B 1.1B -1.4B -822.0M 268.6M
Total Other Finance Cost -- -- -- 2.3M 2.3M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 1.5B 1.5B 1.4B 1.6B 2.5B
Cash Cash Equivalents And Short Term Investments 5.8B 5.5B 5.0B 5.1B 7.8B
Other Short Term Investments 4.2B 4.0B 3.6B 3.4B 5.3B
Accounts Receivable 421.0M 280.0M 206.0M 500.0M 441.4M
Receivables 2.4B 1.7B 1.2B 885.0M 687.3M
Inventory 21.0M 26.0M 19.0M -- --
Prepaid Assets 124.0M 94.0M 86.0M 82.0M 71.5M
Other Current Assets -- -- 1.0M 29.0M 10.7M
Current Assets 8.3B 7.3B 6.3B 6.0B 8.5B
Gross PPE 316.0M 310.0M 303.0M 639.0M 429.3M
Accumulated Depreciation -175.0M -170.0M -156.0M -153.0M -127.3M
Net PPE 141.0M 140.0M 147.0M 486.0M 301.9M
Goodwill 491.0M 452.0M 427.0M 1.8B 356.5M
Goodwill And Other Intangible Assets 521.0M 474.0M 456.0M 2.2B 495.0M
Other Intangible Assets 30.0M 22.0M 29.0M 390.0M 138.5M
Investments And Advances 6.2B 6.0B 4.4B 2.0B 4.0B
Long Term Equity Investment 5.2B 5.3B 4.3B 2.0B 3.7B
Other Investments -- -- 3.6B 2.0B --
Other Non Current Assets 39.0M 21.0M -- -- -74,000
Total Non Current Assets 6.9B 6.7B 5.0B 4.7B 4.8B
Total Assets 15.2B 13.9B 11.3B 10.8B 13.3B
Current Debt -- 918.0M -- -- --
Current Debt And Capital Lease Obligation 17.0M 936.0M 17.0M 18.0M 15.7M
Accounts Payable 570.0M 360.0M 364.0M 364.0M 284.0M
Payables 906.0M 577.0M 491.0M 458.0M 392.4M
Payables And Accrued Expenses 906.0M 577.0M 491.0M 458.0M 392.4M
Current Accrued Expenses -- 48.0M 30.0M -- --
Current Deferred Revenue 300.0M 283.0M 302.0M 296.0M 216.8M
Other Current Liabilities 1.0M 13.0M 3.0M 16.0M 5.9M
Current Liabilities 1.4B 2.0B 898.0M 856.0M 702.7M
Long Term Debt -- -- 916.0M 913.0M 911.0M
Long Term Debt And Capital Lease Obligation 171.0M 190.0M 1.1B 1.4B 1.2B
Long Term Capital Lease Obligation 171.0M 190.0M 217.0M 465.0M 246.8M
Total Non Current Liabilities Net Minority Interest 324.0M 410.0M 1.3B 1.7B 1.5B
Total Liabilities Net Minority Interest 1.7B 2.4B 2.2B 2.5B 2.2B
Common Stock 10.4B 9.6B 9.2B 8.7B 8.0B
Capital Stock 10.4B 9.6B 9.2B 8.7B 8.0B
Additional Paid In Capital 236.0M 305.0M 251.0M 30.0M 161.1M
Retained Earnings 2.9B 1.6B -390.0M -522.0M 2.9B
Gains Losses Not Affecting Retained Earnings 1.0M -10.0M 4.0M -16.0M -6.0M
Other Equity Adjustments 1.0M -10.0M 4.0M -16.0M -6.0M
Common Stock Equity 13.5B 11.6B 9.1B 8.2B 11.1B
Stockholders Equity 13.5B 11.6B 9.1B 8.2B 11.1B
Total Equity Gross Minority Interest 13.5B 11.6B 9.1B 8.2B 11.1B
Total Capitalization 13.5B 11.6B 10.0B 9.2B 12.0B
Net Tangible Assets 13.0B 11.1B 8.6B 6.0B 10.6B
Tangible Book Value 13.0B 11.1B 8.6B 6.0B 10.6B
Working Capital 6.9B 5.3B 5.4B 5.2B 7.8B
Invested Capital 13.5B 12.5B 10.0B 9.2B 12.0B
Total Debt 188.0M 1.1B 1.1B 1.4B 1.2B
Share Issued 1.3B 1.3B 1.3B 1.3B 1.3B
Ordinary Shares Number -- 1.3B 1.3B 1.3B 1.3B
Accrued Interest Receivable 39.0M 19.0M 15.0M 16.0M 13.1M
Allowance For Doubtful Accounts Receivable -35.0M -31.0M -36.0M -49.4M -38.3M
Available For Sale Securities 975.0M 709.0M 115.0M 221.0M 205.9M
Capital Lease Obligations 188.0M 208.0M 234.0M 483.0M 262.5M
Current Capital Lease Obligation 17.0M 18.0M 17.0M 18.0M 15.7M
Current Deferred Liabilities 300.0M 283.0M 302.0M 296.0M 216.8M
Current Provisions 66.0M 48.0M 30.0M -- --
Financial Assets -- -- -- -- 205.9M
Gross Accounts Receivable 456.0M 311.0M 242.0M 500.4M 479.6M
Hedging Assets Current 3.0M 0.00 6.0M 1.0M 1.8M
Income Tax Payable 156.0M 58.0M 18.0M 9.0M 13.5M
Investmentin Financial Assets 975.0M 709.0M 115.0M 221.0M 205.9M
Leases 159.0M 149.0M 142.0M 182.0M 159.1M
Loans Receivable 1.5B 1.0B 672.0M 209.0M 69.7M
Machinery Furniture Equipment 69.0M 68.0M 63.0M 68.0M 62.3M
Non Current Deferred Assets 33.0M 37.0M 44.0M 41.0M 48.4M
Non Current Deferred Liabilities 153.0M 220.0M 202.0M 284.0M 346.4M
Non Current Deferred Revenue 98.0M 147.0M 196.0M 268.0M 162.9M
Non Current Deferred Taxes Assets 33.0M 37.0M 44.0M 41.0M 48.4M
Non Current Deferred Taxes Liabilities 55.0M 73.0M 6.0M 16.0M 183.4M
Other Current Borrowings -- 918.0M -- -- --
Other Inventories -- 26.0M 19.0M -- --
Other Payable 19.0M 38.0M 36.0M 38.0M 28.7M
Other Properties 88.0M 93.0M 98.0M 389.0M 207.9M
Other Receivables 306.0M 254.0M 206.0M 124.0M 119.0M
Pensionand Other Post Retirement Benefit Plans Current 102.0M 99.0M 55.0M 68.0M 71.9M
Properties 0.00 0.00 0.00 0.00 0.00
Restricted Cash 11.0M 9.0M 8.0M -- --
Taxes Receivable 143.0M 81.0M 56.0M 36.0M 44.2M
Total Tax Payable 317.0M 179.0M 91.0M 56.0M 79.7M
Treasury Shares Number -- -- 0.00 -- --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 2.0B 1.6B 944.0M -136.0M 535.7M
Cash Flow From Continuing Operating Activities 2.0B 1.6B 944.0M -136.0M 535.7M
Depreciation And Amortization 31.0M 36.0M 70.0M 93.0M 66.3M
Depreciation Amortization Depletion 31.0M 36.0M 70.0M 93.0M 66.3M
Stock Based Compensation 449.0M 430.0M 615.0M 549.0M 330.8M
Deferred Tax -14.0M 78.0M -1.0M -187.0M 191.0M
Deferred Income Tax -14.0M 78.0M -1.0M -187.0M 191.0M
Change In Working Capital -117.0M -166.0M 195.0M -99.0M -129.6M
Changes In Account Receivables -360.0M -230.0M 116.0M -128.0M -307.1M
Change In Receivables -360.0M -230.0M 116.0M -128.0M -307.1M
Change In Payables And Accrued Expense 262.0M 110.0M 69.0M 28.0M 138.2M
Change In Other Working Capital 19.0M 26.0M 60.0M 32.0M 89.4M
Change In Other Current Assets -38.0M -72.0M -50.0M -31.0M -50.2M
Other Non Cash Items -49.0M -94.0M -158.0M -121.0M -56.0M
Capital Expenditure -26.0M -19.0M -39.0M -50.0M -50.8M
Purchase Of PPE -26.0M -19.0M -39.0M -50.0M -50.8M
Net PPE Purchase And Sale -26.0M -19.0M -39.0M -50.0M -50.8M
Purchase Of Business -155.0M -167.0M -395.0M -2.4B -709.9M
Purchase Of Investment -7.0B -8.4B -5.8B -5.0B -7.3B
Sale Of Investment 6.6B 7.5B 5.6B 6.9B 5.8B
Net Investment Purchase And Sale -488.0M -939.0M -251.0M 1.9B -1.6B
Investing Cash Flow -1.2B -1.6B -1.2B -719.0M -2.4B
Cash Flow From Continuing Investing Activities -1.2B -1.6B -1.2B -719.0M -2.4B
Issuance Of Debt -- -- -- -- 0.00
Net Issuance Payments Of Debt -- -- -- -- 0.00
Issuance Of Capital Stock -- -- -- 0.00 1.5B
Net Common Stock Issuance -- -- -- 0.00 1.5B
Financing Cash Flow -811.0M 61.0M 60.0M 18.0M 1.6B
Cash Flow From Continuing Financing Activities -811.0M 61.0M 60.0M 18.0M 1.6B
Effect Of Exchange Rate Changes 15.0M -6.0M 4.0M -17.0M -7.0M
Changes In Cash 32.0M 91.0M -240.0M -837.0M -193.6M
Beginning Cash Position 1.5B 1.4B 1.6B 2.5B 2.7B
End Cash Position 1.5B 1.5B 1.4B 1.6B 2.5B
Free Cash Flow 2.0B 1.6B 905.0M -186.0M 484.9M
Income Tax Paid Supplemental Data 194.0M 116.0M 50.0M 27.0M 10.5M
Interest Paid Supplemental Data 1.0M 1.0M 1.0M 1.0M 1.3M
Amortization Cash Flow -- 14.0M -- -- --
Amortization Of Intangibles -- 14.0M -- -- --
Asset Impairment Charge 13.0M 0.00 1.4B 84.0M 30.1M
Change In Prepaid Assets -- -- -- -- -266.1M
Common Stock Issuance -- -- -- 0.00 1.5B
Depreciation -- 22.0M -- -- --
Earnings Losses From Equity Investments 193.0M -854.0M -1.4B 2.9B -2.9B
Gain Loss On Investment Securities 123.0M -- -- -- --
Long Term Debt Issuance -- -- -- -- 0.00
Net Business Purchase And Sale -155.0M -167.0M -395.0M -2.4B -709.9M
Net Foreign Currency Exchange Gain Loss -57.0M 19.0M -6.0M 12.0M 4.6M
Net Income From Continuing Operations 1.2B 2.0B 132.0M -3.5B 2.9B
Net Intangibles Purchase And Sale -- -- -- -- 0.00
Net Long Term Debt Issuance -- -- -- -- 0.00
Net Other Financing Charges -1.0B -- -- -- --
Net Other Investing Changes -521.0M -461.0M -559.0M -159.0M -31.3M
Operating Gains Losses 259.0M -835.0M -1.4B 2.9B -2.9B
Proceeds From Stock Option Exercised 232.0M 61.0M 60.0M 18.0M 108.6M
Provisionand Write Offof Assets 230.0M 148.0M 80.0M 74.0M 43.8M
Purchase Of Intangibles -- -- -- -- 0.00
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