Shopify Historical Income Statement
| SHOP Stock | USD 106.48 2.54 2.44% |
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 Operating Income of 273 M 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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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Shopify. It is also known as Shopify overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.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 persons. 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 relatively stable compared to the past year. As of 11/21/2024, Total Operating Expenses is likely to grow to about 3.8 B, though EBIT is likely to grow to (74.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.5B | 2.8B | 3.5B | 3.7B | Total Revenue | 4.6B | 5.6B | 7.1B | 7.4B |
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 | 36.5M | 73.8M | 65.7M | 86.9M | 70M | 37.7M | |
| 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) | 260M | 273M | |
| Ebit | (142.0M) | 86.5M | 269.2M | (469.9M) | (78M) | (74.1M) | |
| Research Development | 355.0M | 552.1M | 854.4M | 1.5B | 1.7B | 1.8B | |
| Ebitda | (105.5M) | 160.2M | 335.0M | (383M) | (8M) | (8.4M) | |
| 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 | 66.7M | 2.9B | (2.7B) | (75M) | (71.3M) | |
| 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 | 48.2M | 23.4M | 15.4M | 2.8B | 241M | 387.2M | |
| 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 together with Shopify Stock
| 0.73 | DJCO | Daily Journal Corp | PairCorr |
| 0.74 | AI | C3 Ai Inc Tech Boost | PairCorr |
| 0.77 | AZ | A2Z Smart Technologies | PairCorr |
| 0.77 | BL | Blackline | PairCorr |
Moving against Shopify Stock
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.Additional Tools for Shopify Stock Analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.