Loading the security overview…
Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.58B | $3.17B | $3.67B | $2.84B | $2.68B | $2.36B | $2.81B | $2.16B |
| Cost of revenue | $1.88B | $1.62B | $1.98B | $1.45B | $1.38B | $1.19B | $1.46B | $1.04B |
| Gross profit | $1.71B | $1.55B | $1.69B | $1.39B | $1.30B | $1.17B | $1.35B | $1.12B |
| Gross margin | 47.7% | 48.8% | 46.1% | 48.9% | 48.6% | 49.5% | 48.1% | 51.7% |
| Research and development | $445.00M | $437.00M | $390.00M | $375.00M | $394.00M | $377.00M | $351.00M | $332.00M |
| Selling, general and administrative | $634.00M | $611.00M | $558.00M | $525.00M | $537.00M | $514.00M | $460.00M | $445.00M |
| Operating expenses | $1.22B | $1.16B | $1.06B | $1.05B | $1.01B | $966.00M | $887.00M | $835.00M |
| Operating income | $488.00M | $382.00M | $631.00M | $343.00M | $291.00M | $203.00M | $465.00M | $283.00M |
| Operating margin | 13.6% | 12.1% | 17.2% | 12.1% | 10.9% | 8.6% | 16.5% | 13.1% |
| EBITDA | $495.00M | $389.00M | $638.00M | $351.00M | $299.00M | $211.00M | $473.00M | $291.00M |
| Interest income | $0 | $0 | $79.00M | $81.00M | $0 | $0 | $72.00M | $77.00M |
| Interest expense | $66.00M | $75.00M | $0 | — | $106.00M | $65.00M | $0 | — |
| Income before taxes | $1.78B | −$634.00M | $892.00M | $308.00M | $1.08B | −$770.00M | $1.42B | $860.00M |
| Income taxes | $273.00M | −$53.00M | $149.00M | $44.00M | $173.00M | −$88.00M | $128.00M | $32.00M |
| Net income | $1.50B | −$581.00M | $743.00M | $264.00M | $906.00M | −$682.00M | $1.29B | $828.00M |
| Net margin | 41.9% | -18.3% | 20.2% | 9.3% | 33.8% | -28.9% | 46.0% | 38.3% |
| EPS, basic | $1.16 | −$0.45 | $0.57 | $0.20 | $0.70 | −$0.53 | $1.00 | $0.64 |
| EPS, diluted | $1.16 | −$0.45 | $0.57 | $0.20 | $0.69 | −$0.53 | $0.98 | $0.64 |
| Diluted shares | 1.30B | 1.30B | 1.30B | 1.31B | 1.31B | 1.30B | 1.32B | 1.30B |
Figures describe Shopify shares, not any token. As of Aug 5, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.