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Shopify Inc. (SHOP) operating KPIs

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
$157.49−9.40 (-5.63%)

Close on Oct 30, 2026Market cap $202.63BP/E 105.7Yield –

Shopify merchant Solutions Cost of Revenues (% of Total Revenue) (%) (%)

Quarterly figures from Shopify's filings and investor materials

QuarterlyAnnual
Latest, Q2 2026
48.0%
Period ended Jun 30, 2026
Change on a year earlier
+1.0 pts
47.0% in Q2 2025
History
47 quarters
Since Q2 2014
Sources
32
Documents cited below

Quarterly history

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

PeriodEndedMerchant Solutions Cost of Revenues (% of Total Revenue) (%) (%)Year on yearSource
Q2 2026Jun 30, 202648.0%+1.0 ptsForm 10-Q FY2026Q2 (filed 2026-08-05) ↗
Q1 2026Mar 31, 202647.0%+2.0 ptsForm 10-Q FY2026Q1 (filed 2026-05-05) ↗
Q3 2025Sep 30, 202547.0%+4.0 ptsForm 10-Q FY2025Q3 (filed 2025-11-04) ↗
Q2 2025Jun 30, 202547.0%+3.0 ptsForm 10-Q FY2026Q2 (filed 2026-08-05) ↗
Q1 2025Mar 31, 202545.0%+2.0 ptsForm 10-Q FY2026Q1 (filed 2026-05-05) ↗
Q3 2024Sep 30, 202443.0%+1.0 ptsForm 10-Q FY2025Q3 (filed 2025-11-04) ↗
Q2 2024Jun 30, 202444.0%-2.0 ptsForm 10-Q FY2025Q2 (filed 2025-08-06) ↗
Q1 2024Mar 31, 202443.0%-4.0 ptsForm 10-Q FY2025Q1 (filed 2025-05-08) ↗
Q4 2023Dec 31, 202346.0%-3.0 ptsForm 6-K FY2024Q3 (filed 2024-11-12) ↗
Q3 2023Sep 30, 202342.0%-4.0 ptsForm 6-K FY2024Q3 (filed 2024-11-12) ↗
Q2 2023Jun 30, 202346.0%+3.0 ptsForm 6-K FY2024Q2 (filed 2024-08-07) ↗
Q1 2023Mar 31, 202347.0%+6.0 ptsForm 6-K FY2024Q1 (filed 2024-05-08) ↗
Q4 2022Dec 31, 202249.0%+5.0 ptsForm 6-K FY2024Q3 (filed 2024-11-12) ↗
Q3 2022Sep 30, 202246.0%+6.2 ptsForm 6-K FY2023Q3 (filed 2023-11-02) ↗
Q2 2022Jun 30, 202243.0%+4.1 ptsForm 6-K FY2023Q2 (filed 2023-08-03) ↗
Q1 2022Mar 31, 202241.0%+3.4 ptsForm 6-K FY2023Q1 (filed 2023-05-04) ↗

Cite this data

StockData. (2026). Shopify Merchant Solutions Cost of Revenues (% of Total Revenue) (%) (%), quarterly Q2 2014–Q2 2026 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/merchant_cost_pct_revenue

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