Shopify Inc.
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$156.22−1.27 (-0.81%)
Close on Nov 2, 2026Market cap $201.00BP/E 104.8Yield –
Shopify Total Cost of Revenues (% of Total Revenue) by Year
Total Cost of Revenues (% of Total Revenue) (%) (%)
Shopify Total Cost of Revenues (% of Total Revenue): 51.0% in FY2025, up 1.0 pts from a year earlier.
Latest, FY2025
51.0%
Period ended Dec 31, 2025
Change on a year earlier
+1.0 pts
50.0% in FY2024
History
5 years
Since FY2021
Sources
3
Documents cited below
Where the FY2025 figure comes from
“|| 51 | % | 50 | % | 50 | %”
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Total Cost of Revenues (% of Total Revenue) (%) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 51.0% | +1.0 pts | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 50.0% | 0.0 pts | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 50.0% | -1.0 pts | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2022 | Dec 31, 2022 | 51.0% | +5.0 pts | Form 10-K FY2024 (filed 2025-02-11) ↗ |
| FY2021 | Dec 31, 2021 | 46.0% | – | Form 40-F FY2023 (filed 2024-02-13) ↗ |
Cite this data
StockData. (2026). Shopify Total Cost of Revenues (% of Total Revenue) (%), annual FY2021–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/cost-of-revenues-pct-revenue
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.