Shopify Inc. · Q1 2026
ReportedMay 7, 2026
Period endedMar 31, 2026
Rule of 40+49
The quarter in short
Revenue $3.17B, up 34.3% year over year and down 13.7% on the quarter. EPS −$0.45. Free cash flow $476M, up 31.1% year over year and down 33.4% on the quarter. Rule of 40 score +49.
Reported this quarter
Revenue
$3.17B
QoQ −13.7%
YoY +34.3%
EPS
−$0.45
QoQ —
YoY —
Free Cash Flow
$476M
QoQ −33.4%
YoY +31.1%
Gross Margin
48.8%
QoQ +2.7 pp
YoY −0.8 pp
FCF Margin
15.0%
QoQ −4.5 pp
YoY −0.4 pp
P/E Ratio
117.4
QoQ −32.2%
YoY +51.3%
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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 May 5, 2026
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 8-K
171 KB
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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 Mar 31, 2026, filed May 5, 2026
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 Q1 2026, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings