Also trades as: SHOP.TO (TSX) · $vol 209M · 0VHA.L (LSE) · $vol 4M · 307.F (FSX) · $vol 0M

$103.00

-1.86 (-1.77%)

Weekly Expected Move ±10.7%

$79 $90 $100 $111 $122

NASDAQ · Technology · Software - Application · Alpha Radar Sell · Power 38 · $133.7B mcap · 1.22B float · 0.851% daily turnover · Short 39% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest Supply Chain

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$11.6B +30.1% ▲

5Y CAGR: +31.6%

Gross Profit

$5.6B +24.2% ▲

5Y CAGR: +29.2%

Operating Income

$1.5B +36.6% ▲

5Y CAGR: +74.7%

Net Income

$1.2B -39.0% ▼

5Y CAGR: +31.0%

EPS (Diluted)

$0.94 -39.4% ▼

5Y CAGR: +29.3%

EBITDA

$1.5B +12.0% ▲

5Y CAGR: +36.3%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$4.6B	$5.6B	$7.1B	$8.9B	$11.6B
YoY Growth	+57.4%	+21.4%	+26.1%	+25.8%	+30.1%
Cost of Revenue	$2.1B	$2.8B	$3.5B	$4.4B	$6.0B
Gross Profit	$2.5B	$2.8B	$3.5B	$4.5B	$5.6B
Gross Margin	53.8%	49.2%	49.8%	50.4%	48.1%
R&D Expenses	$854M	$1.5B	$1.7B	$1.4B	$1.5B
SG&A Expenses	$1.3B	$1.9B	$1.7B	$1.8B	$2.1B
Operating Expenses	$2.2B	$3.6B	$4.9B	$3.4B	$4.1B
Operating Income	$269M	-$822M	-$1.4B	$1.1B	$1.5B
Operating Margin	5.8%	-14.7%	-20.1%	12.1%	12.7%
Interest Expense	$3M	$1M	$0	$0	$0
Income Before Tax	$3.1B	-$3.6B	$185M	$2.2B	$1.5B
Tax Expense	$226M	-$163M	$53M	$209M	$278M
Net Income	$2.9B	-$3.5B	$132M	$2.0B	$1.2B
Net Margin	63.2%	-61.8%	1.9%	22.7%	10.7%
EPS (Diluted)	$2.27	$-2.73	$0.10	$1.55	$0.94
EBITDA	$3.2B	-$594M	$144M	$1.3B	$1.5B
Shares Outstanding	1.27B	1.27B	1.30B	1.30B	1.30B

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1
Revenue	$2.0B	$2.2B	$2.8B	$2.4B	$2.7B	$2.8B	$3.7B	$3.2B
Cost of Revenue	$1.0B	$1.0B	$1.5B	$1.2B	$1.4B	$1.5B	$2.0B	$1.6B
Gross Profit	$1.0B	$1.1B	$1.4B	$1.2B	$1.3B	$1.4B	$1.7B	$1.5B
Gross Margin	51.1%	51.7%	48.1%	49.5%	48.6%	48.9%	46.1%	48.8%
R&D Expenses	$349M	$332M	$351M	$377M	$394M	$375M	$390M	$437M
SG&A Expenses	$413M	$445M	$460M	$514M	$537M	$525M	$558M	$611M
Operating Expenses	$804M	$835M	$887M	$966M	$1.0B	$1.0B	$1.1B	$1.2B
Operating Income	$241M	$283M	$465M	$203M	$291M	$343M	$631M	$382M
Operating Margin	11.8%	13.1%	16.5%	8.6%	10.9%	12.1%	17.2%	12.1%
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0
Income Before Tax	$203M	$860M	$1.4B	-$770M	$1.1B	$308M	$892M	-$634M
Tax Expense	$32M	$32M	$128M	-$88M	$173M	$44M	$149M	-$53M
Net Income	$171M	$828M	$1.3B	-$682M	$906M	$264M	$743M	-$581M
Net Margin	8.4%	38.3%	46.0%	-28.9%	33.8%	9.3%	20.2%	-18.3%
EPS (Diluted)	$0.13	$0.64	$1.00	$-0.53	$0.69	$0.20	$0.58	$-0.45
EBITDA	$293M	$349M	$549M	$286M	$379M	$316M	$518M	$382M
Shares Outstanding	1.30B	1.30B	1.29B	1.30B	1.31B	1.31B	1.30B	1.30B

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