SHOPIFY INC.(SHOP)— Stock Profile, AI Score & Financials
Technology · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
SHOPIFY INC. (SHOP) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores SHOP at 69.6/100 on a 32-signal composite quality model, placing it at rank #252 of 2,961 stocks — the top 10% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), SHOPIFY INC. reports quarterly revenue of $3.6B, net income of $1.5B, an operating margin of 13.6%. Top institutional holders of SHOP by reported 13-F value include Capital International Investors, FMR, Invesco Ltd., based on the most recent SEC filings. SHOP trades on the Nasdaq exchange and files with the SEC under CIK 1594805. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SHOP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SHOPIFY INC. directly from SEC EDGAR.
AI Quality Score
69.6/100
AI Rank
#252
Revenue
$3.6B
Net Income
$1.5B
Free Cash Flow
$654.0M
Operating Margin
13.6%
SHOP key financials by period
SHOPIFY INC. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$11.6B
$1.2B
12.7%
FY 2024
10-K
$8.9B
$2.0B
12.1%
FY 2023
10-K
$7.1B
$132.0M
-20.1%
FY 2022
10-K
$5.6B
$-3.5B
-14.7%
FY 2021
40-F
$4.6B
$2.9B
5.8%
FY 2020
40-F
$2.9B
$319.5M
3.1%
Institutions holding SHOP
Institutional investors reporting a position in SHOPIFY INC. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 34% to $3.583B on 37% merchant solutions growth and 68% Shopify Payments penetration, while net income of $1,502M included $1.2B of investment gains.
Biggest Revenue Drivers
Merchant solutions$2,781M+37% YoY
Shopify Payments revenue up $624 million on higher penetration rate (68% vs 64%) and higher GMV
Subscription solutions$802M+22% YoY
Subscription fees up $129 million from higher MRR, more merchants and a larger share of higher-priced plans such as Plus
Biggest Revenue Drivers
Total revenue: $3.583B+34% YoY
Merchant solutions$2,781M+37% YoY
Shopify Payments revenue up $624 million on higher penetration rate (68% vs 64%) and higher GMV
Within Merchant solutions
Shopify Payments GMV$78.1B+38% YoY
$21.4 billion of additional GMV facilitated using Shopify Payments versus the same period in 2025
Subscription solutions$802M+22% YoY
Subscription fees up $129 million from higher MRR, more merchants and a larger share of higher-priced plans such as Plus
Largest Expense Items
Cost of revenues$1,875M+36% YoY
Higher payment processing fees from increased Shopify Payments GMV; cloud and infrastructure costs up $37 million including AI-related usage
Sales and marketing$498M+20% YoY
Marketing program spend up $85 million and affiliate partner payouts up $10 million, offset by $16 million lower employee-related costs
Research and development$445M+13% YoY
Computer hardware and software costs up $34 million, including AI-related usage, and employee-related costs up $11 million
Transaction and loan losses$141M+76% YoY
Lending-services losses up $41 million on expanded offerings and programs; Shopify Payments losses up $19 million on higher GMV
Margins: Gross profit rose 31% to $1,708M but gross margin slipped to 48% of revenue from 49%, as the mix shifted toward lower-margin merchant solutions (78% of revenue versus 76%).
Watch Items from the Filing
Transaction and loan losses jumped 76% to $141M, 4% of revenue versus 3%, driven by a $41 million increase in lending-services losses.
Loans and merchant cash advances gross reached $2,426M with 5.7% at 180+ days past due; allowance for credit losses grew to $242M from $195M.
Net income of $1,502M rests on a $1,228M net gain on equity and equity method investments, versus $488M income from operations.
United States merchants generated $2,283M, 63% of revenue; Europe was 20% and APAC 10%, a largely unchanged geographic mix.
Repurchased $1.4B of Class A shares in the quarter under a $5B authorization, with $3.1B remaining; a 2025 CRA transfer-pricing assessment remains unquantified.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
