SHOP Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), SHOP reported revenue of $3.6B, gross profit of $1.7B (47.7% gross margin), operating income of $488M, and net income of $1.5B (41.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SHOP was profitable; revenue grew 26.0% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +26.0% | +468.9% | +32.6 pp |
Consensus estimate data is not available for this report.
SHOP Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.6B | 100% |
| Cost of Revenue | −$1.9B | 52.3% |
| Gross Profit | $1.7B | 47.7% |
| Research & Development | −$445M | 12.4% |
| Selling, General & Administrative | −$634M | 17.7% |
| Other Operating Expenses | −$141M | 3.9% |
| Operating Income | $488M | 13.6% |
| Other Income, net | $1.0B | 28.3% |
| Net Income | $1.5B | 41.9% |
Source: SHOP filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.