Shopify Inc. · Q2 2025
ReportedAug 7, 2025
Period endedJun 30, 2025
Rule of 40+47
The quarter in short
Revenue $2.68B, up 31.1% year over year and 13.6% on the quarter. EPS $0.42, up 61.5% year over year and 68.0% on the quarter. Free cash flow $422M, up 26.7% year over year and 16.3% on the quarter. Rule of 40 score +47.
Reported this quarter
Revenue
$2.68B
QoQ +13.6%
YoY +31.1%
EPS
$0.42
QoQ +68.0%
YoY +61.5%
Free Cash Flow
$422M
QoQ +16.3%
YoY +26.7%
Gross Margin
48.6%
QoQ −1.0 pp
YoY −2.5 pp
FCF Margin
15.7%
QoQ +0.4 pp
YoY −0.5 pp
P/E Ratio
64.4
QoQ −17.0%
YoY −20.0%
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Sources & downloads
Company
Published by the company on the day of the release.
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Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1594805.
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8-K results announcement
Filed Aug 6, 2025
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 8-K
181 KB
HTML
Filing index
Every document in the 8-K submission
TXT
Complete submission
Raw archival text of the whole filing
HTML
10-Q quarterly report
Period ended Jun 30, 2025, filed Aug 6, 2025
ZIP
XBRL data bundle
Structured financial statements from the 10-Q
JSON
Company facts (XBRL)
Every figure SHOP has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for Q2 2025, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings