Shopify Inc. (SHOP) operating KPIs
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$157.49−9.40 (-5.63%)
Close on Oct 30, 2026Market cap $202.63BP/E 105.7Yield –
Shopify gross Merchandise Volume (GMV) ($M) ($M)
Annual figures from Shopify's filings and investor materials
Latest, FY2025
378,441
Period ended Dec 31, 2025
Change on a year earlier
+29.5%
292,275 in FY2024
History
11 years
Since FY2015
Sources
10
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Gross Merchandise Volume (GMV) ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 378,441 | +29.5% | Earnings Release (Form 8-K FY2025Q4) (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 292,275 | +23.9% | Earnings Release (Form 8-K FY2025Q4) (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 235,910 | +19.6% | Form 6-K FY2024Q4 (filed 2025-02-11) ↗ |
| FY2022 | Dec 31, 2022 | 197,167 | +12.4% | Form 6-K FY2023Q4 (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 175,362 | +46.7% | Form 40-F FY2022 (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 119,577 | +95.6% | Form 40-F FY2021 (filed 2022-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 61,138 | +48.7% | Form 40-F FY2020 (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 41,103 | +56.2% | Form 40-F FY2019 (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 26,320 | +71.2% | Form 40-F FY2018 (filed 2019-02-12) ↗ |
| FY2016 | Dec 31, 2016 | 15,374 | +99.5% | Form 40-F FY2017 (filed 2018-02-15) ↗ |
| FY2015 | Dec 31, 2015 | 7,707 | – | Form 40-F FY2016 (filed 2017-02-15) ↗ |
Breakdown
What makes up gross merchandise volume (gmv) ($m)
- GMV YoY Growth (%)29.0% · FY2025
- GMV Constant Currency YoY Growth (%)28.0% · FY2025
- GMV Foreign Exchange Impact ($M)3,524 · FY2025
- GPV Penetration (% of GMV — Processed via Shopify Payments) (%)62.0% · FY2024
- Shop Pay GMV YoY Growth (%)62.0% · FY2025
- Offline / Point-of-Sale (POS) GMV YoY Growth (%)–
- B2B GMV YoY Growth (%)–
- International GMV YoY Growth (%)33.0% · FY2024
- Cross-Border GMV Share (% of Total GMV) (%)–
- Merchant Attach Rate (Total Revenue / GMV) (%)3.0% · FY2023
Cite this data
StockData. (2026). Shopify Gross Merchandise Volume (GMV) ($M) ($M), annual FY2015–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/gmv
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.