Shopify Inc. SHOP NASDAQ

Shopify Inc. (SHOP) reported exceptional year-over-year revenue growth of +30.1% through 2025-12 (TTM revenue vs prior-year TTM). Net income showed earnings decline of -39% YoY, reaching $743M in the latest quarter. The net profit margin is 20.2%, which is high. the company was profitable in 3 out of the last 4 quarters. The gross margin is 48.3% (moderate), down 2.3pp vs the prior year. With a $153B market cap, MOAT composite score of 74/100 (strong competitive position).

Criteria proven by this page:

• GROWTH (100/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (75/100, Partial) — profitability has been inconsistent. Looking at the full 14-year annual history, the company was profitable in 5 of 14 years — a mixed long-term record
• INCOME (55/100, Pass) — proves strong profitability and pricing power
• MOAT (74/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 74/100 with 4/7 criteria passed.