Shopify Inc. FY2023 income statement | sankey.it

SHOPFY2023

Shopify Inc.

USD, fiscal year ended 2023-12-31

Operating Expenses: Actual operating expenses was $4.9B, a $1.4B shortfall not covered by this flow · R&D 25% | SG&A 24% of revenue

Revenue

$7.1B+26%

Gross margin

49.8%+0.6 pts

Operating margin

-20.1%-5.4 pts

Net margin

1.9%+64 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	FY2023	YoY
Revenue	$7,060,000,000	+26%
Cost of revenue	$3,545,000,000	+25%
Gross profit	$3,515,000,000	+28%
Operating expenses	$4,933,000,000	+38%
Operating income	-$1,418,000,000	-73%
Other income/expense, net	$1,603,000,000	+157%
Income before tax	$185,000,000

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Fiscal period end: December 31, 2023
Source: Financial Modeling Prep, via the DATA project
Diagram generated: September 3, 2026