Shopify Inc.

Chart showing revenue of Shopify Inc.

Graph showing the returns of Shopify Inc.

($ in Million)20252024202320222021
Turnover 11,556 8,880 7,060 5,600 4,612
Year-on-Year Change30.1%25.8%26.1%21.4%57.5%
      
Operating Profit1,4681,075-1,418-822269
Year-on-Year Change36.6%-175.8%72.5%-405.6%198.9%
      
EBITDA 1,499 1,111 -1,348-729 269
Year-on-Year Change34.9%-182.4%84.9%-371.0%198.9%
      
PBT1,5092,228185-3,6233,141
Year-on-Year Change-32.3%1,104.3%-105.1%-215.4%1,208.8%
      
PAT1,231 2,019 132 -3,4602,915
Year-on-Year Change-39.0%1,429.6%-103.8%-218.7%810.9%
      
Total Assets15,18913,92411,29910,75713,340
Year-on-Year Change9.1%23.2%5.0%-19.4%71.9%
      
Net Current Assets6,9045,2985,3775,1947,836
Year-on-Year Change30.3%-1.5%3.5%-33.7%21.7%
      
Total Equity 13,473 11,558 9,066 8,239 11,133
Year-on-Year Change16.6%27.5%10.0%-26.0%73.9%
      
Capital Expenditure2619395051
Year-on-Year Change36.8%-51.3%-22.0%-2.0%21.4%
      
Funds from Operations2,0331,616944-136504
Year-on-Year Change25.8%71.2%-794.1%-127.0%18.6%
      
Free Operating Cashflow2,007 1,597 905 -186453
Year-on-Year Change25.7%76.5%-586.6%-141.1%18.3%
      
Total Debt1881,1261,1501,3961,174
Year-on-Year Change-83.3%-2.1%-17.6%18.9%28.6%
      
Net Debt-1,357-372-263-253-1,329
Year-on-Year Change264.8%41.4%4.0%-81.0%-25.8%
      
Shares Outstanding-ordinary shares (Million)1,2991,2901,2821,266125
Year-on-Year Change0.7%0.6%1.3%912.8%4.2%
      
Payout Ratio0.0%0.0%0.0%0.0%0.0%
⇑ – Year-on-Year IncreaseGreen: ‘Improved’
⇓ – Year-on-Year DecreaseRed: ‘Worsened’
⇔ – Year-on-Year Unchanged 
 20252024202320222021
CAPITAL STRUCTURE     
Total Debt/(Total Debt + Equity)1.4%⇓8.9%⇓11.3%⇓14.5%⇑ 9.5%⇓
Net Debt/Equity-10.1%⇓-3.2%⇓-2.9%⇑-3.1%⇑-11.9%⇑
Debt/Total Assets1.2%⇓8.1%⇓10.2%⇓13.0%⇑8.8%⇓
Long Term Debt/Net Earnings0.1x⇔0.1x⇓7.5x⇑-0.4⇓0.4x⇓
Current Ratio6.0x⇑3.7x⇓7.0x⇓7.1x⇓12.2x⇑
Acid Test Ratio6.0x⇑3.7x⇓7.0x⇓7.1x⇓12.2x⇑
      
      
CASHFLOW RATIOS     
Funds from Operations/Total Debt10.8x⇑1.4x⇑0.8x⇑-0.1x⇓0.4x⇓
Funds from Operations/Net Debt-1.5x⇑-4.3x⇓-3.6x⇓0.5x⇑-0.4x⇓
EBITDA/Interest     
EBIT/Interest     
Net Debt/EBITDA-0.9x⇓-0.3x⇓0.2x⇓0.4x⇑-4.9x⇓
Free Operating Cashflow/Interest     
Free Operating Cashflow/Net Debt-1.5x⇑-4.3x⇓-3.4x⇓0.7x⇑-0.3x⇓
Free Operating Cashflow/Sales0.2x⇔0.2x⇑0.1x⇑0.0x⇓0.1x⇔
      
      
PROFITABILITY RATIOS     
Gross Profit Margin     
EBITDA Margin     
EBIT Margin     
PBT Margin     
PAT Margin     
ROAE     
ROAA