Shopify Historical Income Statement
| SHOP Stock | CAD 149.48 0.67 0.45% |
Historical analysis of Shopify income statement accounts such as Total Revenue of 7.4 B, Gross Profit of 3.7 B, Other Operating Expenses of 7.5 B or Research Development of 1.8 B can show how well Shopify performed in making a profits. Evaluating Shopify income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Shopify's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Shopify latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Shopify is a good buy for the upcoming year.
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About Shopify Income Statement Analysis
Shopify Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Shopify shareholders. The income statement also shows Shopify investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Shopify Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Shopify generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shopify minus its cost of goods sold. It is profit before Shopify operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on Shopify income statement and represents the costs associated with goods and services Shopify provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Shopify's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Shopify current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.At this time, Shopify's Cost Of Revenue is very stable compared to the past year. As of the 23rd of November 2024, Total Operating Expenses is likely to grow to about 3.8 B, while Depreciation And Amortization is likely to drop about 37.9 M.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 1.2M | 1.3M | 1.3M | Depreciation And Amortization | 66.3M | 70M | 37.9M |
Shopify income statement Correlations
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Shopify Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shopify income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 35.7M | 70.1M | 66.3M | 93M | 70M | 37.9M | |
| Interest Expense | 29.4M | 45.3M | 8.6M | 1.2M | 1.3M | 1.3M | |
| Selling General Administrative | 178.9M | 245.3M | 374.8M | 707.8M | 491M | 515.6M | |
| Selling And Marketing Expenses | 472.8M | 602.0M | 901.6M | 1.2B | 1.2B | 1.3B | |
| Total Revenue | 1.6B | 2.9B | 4.6B | 5.6B | 7.1B | 7.4B | |
| Gross Profit | 865.6M | 1.5B | 2.5B | 2.8B | 3.5B | 3.7B | |
| Other Operating Expenses | 1.7B | 2.8B | 4.3B | 6.4B | 7.1B | 7.5B | |
| Operating Income | (141.1M) | 90.2M | 268.6M | (822.3M) | (1.4B) | (1.3B) | |
| Ebit | (141.1M) | 90.2M | 268.6M | (824.8M) | (158M) | (150.1M) | |
| Research Development | 355.0M | 552.1M | 854.4M | 1.5B | 1.7B | 1.8B | |
| Ebitda | (105.5M) | 160.2M | 335.0M | (731.8M) | (88M) | (83.6M) | |
| Cost Of Revenue | 712.5M | 1.4B | 2.1B | 2.8B | 3.5B | 3.7B | |
| Total Operating Expenses | 1.0B | 1.5B | 2.2B | 3.6B | 3.6B | 3.8B | |
| Income Before Tax | (95.8M) | 240.4M | 3.1B | (3.6B) | 185M | 194.3M | |
| Total Other Income Expense Net | 45.3M | 150.2M | 2.9B | (2.8B) | 22M | 19.7M | |
| Net Income | (124.8M) | 319.5M | 2.9B | (3.5B) | 132M | 138.6M | |
| Income Tax Expense | 29.0M | (79.1M) | 225.9M | (162.4M) | 53M | 55.7M | |
| Net Income From Continuing Ops | (124.8M) | 319.5M | 2.9B | (3.5B) | 132M | 138.6M | |
| Net Income Applicable To Common Shares | (124.8M) | 319.5M | 2.9B | (3.5B) | (3.1B) | (3.0B) | |
| Interest Income | 45.3M | 23.4M | 2.9B | 2.8B | 241M | 229.0M | |
| Net Interest Income | 48.2M | 14.3M | 11.9M | 75.6M | 241M | 253.1M | |
| Reconciled Depreciation | 35.7M | 70.1M | 66.3M | 90.5M | 70M | 60.2M |
Pair Trading with Shopify
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shopify position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shopify will appreciate offsetting losses from the drop in the long position's value.Moving against Shopify Stock
| 0.65 | DELX | DelphX Capital Markets Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Shopify could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shopify when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shopify - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shopify to buy it.
The correlation of Shopify is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shopify moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shopify moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Shopify can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.