SHOP Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), SHOP reported revenue of $2.8B, gross profit of $1.4B (48.9% gross margin), operating income of $343M, and net income of $264M (9.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SHOP was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
SHOP Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.8B | 100% |
| Cost of Revenue | −$1.5B | 51.1% |
| Gross Profit | $1.4B | 48.9% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$1.0B | 36.8% |
| Operating Income | $343M | 12.1% |
| Other Income, net | −$79M | 2.8% |
| Net Income | $264M | 9.3% |
Source: original SEC filing (filed 2025-11-04). Accession 0001594805-25-000088. Data normalized by EarningsFyi.