Shopify Inc. (SHOP) operating KPIs
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$157.49−9.40 (-5.63%)
Close on Oct 30, 2026Market cap $202.63BP/E 105.7Yield –
Shopify stock-Based Compensation — Research and Development ($M) ($M)
Annual figures from Shopify's filings and investor materials
Latest, FY2025
313
Period ended Dec 31, 2025
Change on a year earlier
+9.1%
287 in FY2024
History
8 years
Since FY2018
Sources
6
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Stock-Based Compensation — Research and Development ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 313 | +9.1% | Form 10-K (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 287 | -40.3% | Form 10-K (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 481 | +24.6% | Form 40-F (filed 2024-02-13) ↗ |
| FY2022 | Dec 31, 2022 | 386 | +79.4% | Form 40-F (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 215 | +39.6% | Form 40-F (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 154 | +64.8% | Form 40-F (filed 2022-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 93.5 | +69.4% | Form 40-F (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 55.2 | – | Form 40-F (filed 2020-02-12) ↗ |
Cite this data
StockData. (2026). Shopify Stock-Based Compensation — Research and Development ($M) ($M), annual FY2018–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/sbc_rd
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.