Shopify Income Statement Research
| SHOP Stock | USD 71.97 2.04 2.76% |
Shopify |
Most accounts from Shopify's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Shopify current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Shopify Valuation and Shopify Correlation analysis. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.At this time, Shopify's Cost Of Revenue is relatively stable compared to the past year. As of 04/24/2024, Total Operating Expenses is likely to grow to about 3.8 B, though EBIT is likely to grow to (150.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.5B | 2.8B | 3.5B | 3.7B | Total Revenue | 4.6B | 5.6B | 7.1B | 7.4B |
Shopify income statement Correlations
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Shopify Account Relationship Matchups
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Shopify income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 1.6B | 2.9B | 4.6B | 5.6B | 7.1B | 7.4B | |
| Gross Profit | 865.6M | 1.5B | 2.5B | 2.8B | 3.5B | 3.7B | |
| Operating Income | (141.1M) | 90.2M | 268.6M | (822.3M) | 88.6M | 93.0M | |
| Ebit | (141.1M) | 90.2M | 268.6M | (822.3M) | (158M) | (150.1M) | |
| Research Development | 355.0M | 552.1M | 854.4M | 1.5B | 1.7B | 1.8B | |
| Ebitda | (105.5M) | 160.2M | 335.0M | (731.8M) | (88M) | (83.6M) | |
| Cost Of Revenue | 712.5M | 1.4B | 2.1B | 2.8B | 3.5B | 3.7B | |
| Income Before Tax | (95.8M) | 240.4M | 3.1B | (3.6B) | 185M | 194.3M | |
| Net Income | (124.8M) | 319.5M | 2.9B | (3.5B) | 132M | 138.6M | |
| Income Tax Expense | 29.0M | (79.1M) | 225.9M | (162.4M) | 53M | 55.7M | |
| Interest Income | 48.2M | 23.4M | 15.4M | 2.8B | 241M | 387.2M | |
| Net Interest Income | 48.2M | 14.3M | 11.9M | 75.6M | 241M | 253.1M |
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When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:Check out Shopify Valuation and Shopify Correlation analysis. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Shopify Stock analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
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Is Shopify's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shopify. If investors know Shopify will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shopify listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.858 | Earnings Share 0.1 | Revenue Per Share 5.509 | Quarterly Revenue Growth 0.236 | Return On Assets 0.0147 |
The market value of Shopify is measured differently than its book value, which is the value of Shopify that is recorded on the company's balance sheet. Investors also form their own opinion of Shopify's value that differs from its market value or its book value, called intrinsic value, which is Shopify's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shopify's market value can be influenced by many factors that don't directly affect Shopify's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.