Shopify Inc.

SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 12/30

$156.22−1.27 (-0.81%)

Close on Nov 2, 2026Market cap $201.00BP/E 104.8Yield –

Shopify Merchant Solutions Cost of Revenues by Quarter

Name: Shopify Merchant Solutions Cost of Revenues by Quarter (SHOP)
Creator: Shopify

Merchant Solutions Cost of Revenues ($M) ($M)

Quarterly Annual

Shopify Merchant Solutions Cost of Revenues: $1,712M in Q2 2026, up 36.2% from a year earlier.

Latest, Q2 2026

1,712

Period ended Jun 30, 2026

Change on a year earlier

+36.2%

1,257 in Q2 2025

History

49 quarters

Since Q2 2014

Sources

Documents cited below

Where the Q2 2026 figure comes from

Source: Form 10-Q (filed 2026-08-05) ↗

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

Period	Ended	Merchant Solutions Cost of Revenues ($M) ($M)	Year on year	Source
Q2 2026	Jun 30, 2026	1,712	+36.2%	Form 10-Q (filed 2026-08-05) ↗
Q1 2026	Mar 31, 2026	1,476	+38.2%	Form 10-Q (filed 2026-05-05) ↗
Q4 2025	Dec 31, 2025	1,831	+38.1%	Form 10-K (filed 2026-02-11) ↗
Q3 2025	Sep 30, 2025	1,325	+41.6%	Form 10-Q (filed 2025-11-04) ↗
Q2 2025	Jun 30, 2025	1,257	+39.2%	Form 10-Q (filed 2026-08-05) ↗
Q1 2025	Mar 31, 2025	1,068	+32.0%	Form 10-Q (filed 2026-05-05) ↗
Q4 2024	Dec 31, 2024	1,326	+34.6%	Form 10-K (filed 2026-02-11) ↗
Q3 2024	Sep 30, 2024	936	+29.1%	Form 10-Q (filed 2025-11-04) ↗
Q2 2024	Jun 30, 2024	903	+16.7%	Form 10-Q (filed 2025-08-06) ↗
Q1 2024	Mar 31, 2024	809	+14.4%	Form 10-Q (filed 2025-05-08) ↗
Q4 2023	Dec 31, 2023	985	+15.7%	Form 10-Q FY2025Q3 (filed 2025-11-04) ↗
Q3 2023	Sep 30, 2023	725	+16.6%	Form 10-Q FY2025Q2 (filed 2025-08-06) ↗
Q2 2023	Jun 30, 2023	774	+39.7%	Form 10-Q FY2025Q1 (filed 2025-05-08) ↗
Q1 2023	Mar 31, 2023	707	+44.9%	Form 10-K FY2024 (filed 2025-02-11) ↗
Q4 2022	Dec 31, 2022	851	+39.3%	Form 6-K FY2024Q3 (filed 2024-11-12) ↗
Q3 2022	Sep 30, 2022	622	+38.8%	Form 6-K FY2024Q2 (filed 2024-08-07) ↗
Q2 2022	Jun 30, 2022	554	+27.4%	Form 6-K FY2024Q1 (filed 2024-05-08) ↗
Q1 2022	Mar 31, 2022	488	+31.3%	Form 40-F FY2023 (filed 2024-02-13) ↗
Q4 2021	Dec 31, 2021	611	+47.5%	Form 6-K FY2023Q3 (filed 2023-11-02) ↗
Q3 2021	Sep 30, 2021	448	+44.5%	Form 6-K FY2023Q2 (filed 2023-08-03) ↗
Q2 2021	Jun 30, 2021	435	+47.5%	Form 6-K FY2023Q1 (filed 2023-05-04) ↗
Q1 2021	Mar 31, 2021	372	+111.9%	Form 40-F FY2022 (filed 2023-02-16) ↗
Q4 2020	Dec 31, 2020	414	+103.1%	Form 6-K FY2022Q3 (filed 2022-10-27) ↗
Q3 2020	Sep 30, 2020	310	+120.6%	Form 6-K FY2022Q2 (filed 2022-07-27) ↗
Q2 2020	Jun 30, 2020	295	+131.0%	Form 6-K FY2022Q1 (filed 2022-05-05) ↗
Q1 2020	Mar 31, 2020	175	+56.3%	Form 40-F FY2021 (filed 2022-02-16) ↗
Q4 2019	Dec 31, 2019	204	+55.2%	Form 6-K FY2021Q3 (filed 2021-10-28) ↗
Q3 2019	Sep 30, 2019	141	+50.0%	Form 6-K FY2021Q2 (filed 2021-07-28) ↗
Q2 2019	Jun 30, 2019	128	+52.9%	Form 6-K FY2021Q1 (filed 2021-04-28) ↗
Q1 2019	Mar 31, 2019	112	+66.6%	Form 40-F FY2020 (filed 2021-02-17) ↗
Q4 2018	Dec 31, 2018	131	+60.6%	Form 6-K FY2020Q3 (filed 2020-10-29) ↗
Q3 2018	Sep 30, 2018	93.7	+67.5%	Form 6-K FY2020Q2 (filed 2020-07-29) ↗
Q2 2018	Jun 30, 2018	83.5	+63.3%	Form 6-K FY2020Q1 (filed 2020-05-06) ↗
Q1 2018	Mar 31, 2018	67.3	+57.0%	Form 40-F FY2019 (filed 2020-02-12) ↗
Q4 2017	Dec 31, 2017	81.8	+61.5%	Form 6-K FY2019Q3 (filed 2019-10-29) ↗
Q3 2017	Sep 30, 2017	56.0	+58.7%	Form 6-K FY2019Q2 (filed 2019-08-01) ↗
Q2 2017	Jun 30, 2017	51.1	+70.3%	Form 6-K FY2019Q1 (filed 2019-04-30) ↗
Q1 2017	Mar 31, 2017	42.9	+75.7%	Form 40-F FY2018 (filed 2019-02-12) ↗
Q4 2016	Dec 31, 2016	50.7	+94.5%	Form 6-K FY2018Q3 (filed 2018-10-25) ↗
Q3 2016	Sep 30, 2016	35.3	+107.4%	Form 6-K FY2018Q2 (filed 2018-07-31) ↗
Q2 2016	Jun 30, 2016	30.0	+113.4%	Form 6-K FY2018Q1 (filed 2018-05-01) ↗
Q1 2016	Mar 31, 2016	24.4	+136.3%	Form 40-F FY2017 (filed 2018-02-15) ↗
Q4 2015	Dec 31, 2015	26.0	+142.3%	Form 6-K FY2017Q3 (filed 2017-10-31) ↗
Q3 2015	Sep 30, 2015	17.0	+161.9%	Form 6-K FY2017Q2 (filed 2017-08-01) ↗
Q2 2015	Jun 30, 2015	14.1	+154.7%	Form 6-K FY2017Q1 (filed 2017-05-02) ↗
Q1 2015	Mar 31, 2015	10.3	–	Form 40-F FY2016 (filed 2017-02-15) ↗
Q4 2014	Dec 31, 2014	10.7	–	Form 6-K FY2016Q3 (filed 2016-11-02) ↗
Q3 2014	Sep 30, 2014	6.49	–	Form 6-K FY2016Q2 (filed 2016-08-03) ↗
Q2 2014	Jun 30, 2014	5.52	–	Form 6-K FY2016Q1 (filed 2016-05-04) ↗

Breakdown

What makes up merchant Solutions Cost of Revenues

Cite this data

StockData. (2026). Shopify Merchant Solutions Cost of Revenues ($M), quarterly Q2 2014–Q2 2026 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/merchant-solutions-cost-of-revenues

See every metric in the Shopify KPI table. Data updated Oct 25, 2026.