Shopify Inc. (SHOP) operating KPIs
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$157.49−9.40 (-5.63%)
Close on Oct 30, 2026Market cap $202.63BP/E 105.7Yield –
Shopify merchant Solutions Revenue ($M) ($M)
Annual figures from Shopify's filings and investor materials
Latest, FY2025
8,804
Period ended Dec 31, 2025
Change on a year earlier
+34.8%
6,530 in FY2024
History
12 years
Since FY2014
Sources
10
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Merchant Solutions Revenue ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8,804 | +34.8% | Form 10-K (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 6,530 | +25.0% | Form 10-K (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 5,223 | +27.0% | Form 40-F (filed 2024-02-13) ↗ |
| FY2022 | Dec 31, 2022 | 4,112 | +25.8% | Form 40-F (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 3,270 | +61.8% | Form 40-F (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 2,021 | +115.9% | Form 40-F (filed 2022-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 936 | +53.9% | Form 40-F (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 608 | +67.4% | Form 40-F (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 363 | +81.0% | Form 40-F FY2019 (filed 2020-02-12) ↗ |
| FY2016 | Dec 31, 2016 | 201 | +115.2% | Form 40-F FY2018 (filed 2019-02-12) ↗ |
| FY2015 | Dec 31, 2015 | 93.3 | +143.2% | Form 40-F FY2017 (filed 2018-02-15) ↗ |
| FY2014 | Dec 31, 2014 | 38.4 | – | Form 40-F FY2016 (filed 2017-02-15) ↗ |
Breakdown
What makes up merchant solutions revenue ($m)
Cite this data
StockData. (2026). Shopify Merchant Solutions Revenue ($M) ($M), annual FY2014–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/merchant_solutions_revenue
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.