Shopify Inc. (SHOP) operating KPIs
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$157.49−9.40 (-5.63%)
Close on Oct 30, 2026Market cap $202.63BP/E 105.7Yield –
Shopify total Cost of Revenues (% of Total Revenue) (%) (%)
Annual figures from Shopify's filings and investor materials
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
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.