Shopify Inc. FY2022 income statement | sankey.it

SHOPFY2022

Shopify Inc.

USD, fiscal year ended 2022-12-31

Operating Expenses: Actual operating expenses was $3.6B, a $822.0M shortfall not covered by this flow · R&D 27% | SG&A 35% of revenue

Revenue

$5.6B+21%

Gross margin

49.2%-4.6 pts

Operating margin

-14.7%-21 pts

Net margin (loss)

-61.8%-125 pts

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Revenue segments

No segment breakdown available for this filing - the flow shows revenue narrowing straight into cost and profit.

Period history

Revenue, by year

Income statement

Line	FY2022	YoY
Revenue	$5,600,000,000	+21%
Cost of revenue	$2,846,000,000	+34%
Gross profit	$2,754,000,000	+11%
Operating expenses	$3,576,000,000	+62%
Operating income	-$822,000,000	-406%
Other income/expense, net	-$2,801,000,000	-198%
Income before tax

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Fiscal period end: December 31, 2022
Source: Financial Modeling Prep, via the DATA project
Diagram generated: September 3, 2026