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 research & Development YoY Growth (%) (%)
Annual figures from Shopify's filings and investor materials
Latest, FY2025
12.0%
Period ended Dec 31, 2025
Change on a year earlier
+33.0 pts
-21.0% 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 | Research & Development YoY Growth (%) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12.0% | +33.0 pts | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | -21.0% | -36.0 pts | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 15.0% | -61.0 pts | Form 10-K FY2024 (filed 2025-02-11) ↗ |
| FY2022 | Dec 31, 2022 | 76.0% | +21.3 pts | Form 40-F FY2023 (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 54.7% | -0.8 pts | Form 40-F FY2022 (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 55.5% | +1.6 pts | Form 40-F FY2021 (filed 2022-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 53.9% | -15.7 pts | Form 40-F FY2020 (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 69.6% | -13.3 pts | Form 40-F FY2019 (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 82.9% | -4.2 pts | Form 40-F FY2018 (filed 2019-02-12) ↗ |
| FY2016 | Dec 31, 2016 | 87.1% | +33.8 pts | Form 40-F FY2017 (filed 2018-02-15) ↗ |
| FY2015 | Dec 31, 2015 | 53.3% | – | Form 40-F FY2016 (filed 2017-02-15) ↗ |
Cite this data
StockData. (2026). Shopify Research & Development YoY Growth (%) (%), annual FY2015–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/research_and_development_yoy_pct
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.