v3.25.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Revenues $ 8,880 $ 7,060 $ 5,600
Cost of revenues      
Cost of revenues 4,408 3,545 2,846
Gross profit 4,472 3,515 2,754
Operating expenses      
Sales and marketing 1,393 1,220 1,230
Research and development 1,367 1,730 1,503
General and administrative 410 491 708
Transaction and loan losses 227 152 135
Impairment on sales of Shopify's logistics businesses 0 1,340 0
Total operating expenses 3,397 4,933 3,576
Income (loss) from operations 1,075 (1,418) (822)
Other income (expense), net      
Interest income 308 241 75
Net realized gain (loss) on equity and other investments 3 (5) 124
Net unrealized gain (loss) on equity and other investments 988 1,424 (2,998)
Net loss on equity method investment (138) (58) 0
Foreign exchange (loss) gain (8) 1 (2)
Total other income (expense), net 1,153 1,603 (2,801)
Income before income taxes 2,228 185 (3,623)
(Provision for) recovery of income taxes (209) (53) 163
Net income (loss) $ 2,019 $ 132 $ (3,460)
Net income per share attributable to shareholders:      
Basic (in dollars per share) $ 1.57 $ 0.10 $ (2.73)
Diluted (in dollars per share) $ 1.55 $ 0.10 $ (2.73)
Weighted average shares used to compute net income (loss) per share attributable to shareholders:      
Basic (in shares) 1,289,812,124 1,281,554,559 1,266,268,155
Diluted (in shares) 1,301,509,980 1,295,511,385 1,266,268,155
Other comprehensive (loss) income      
Unrealized (loss) gain on cash flow hedges $ (19) $ 20 $ (10)
Tax effect on unrealized (loss) gain on cash flow hedges 5 0 0
Total other comprehensive (loss) income (14) 20 (10)
Comprehensive income (loss) 2,005 152 (3,470)
Subscription solutions      
Revenues      
Revenues 2,350 1,837 1,488
Cost of revenues      
Cost of revenues 434 354 331
Merchant solutions      
Revenues      
Revenues 6,530 5,223 4,112
Cost of revenues      
Cost of revenues $ 3,974 $ 3,191 $ 2,515