Shopify Inc. (SHOP) operating KPIs
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$157.49−9.40 (-5.63%)
Close on Oct 30, 2026Market cap $202.63BP/E 105.7Yield –
Shopify total Stock-Based Compensation Expense ($M) ($M)
Annual figures from Shopify's filings and investor materials
Latest, FY2025
449
Period ended Dec 31, 2025
Change on a year earlier
+4.4%
430 in FY2024
History
11 years
Since FY2015
Sources
9
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Total Stock-Based Compensation Expense ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 449 | +4.4% | Form 10-K (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 430 | -30.1% | Form 10-K (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 615 | +12.0% | Form 40-F (filed 2024-02-13) ↗ |
| FY2022 | Dec 31, 2022 | 549 | +66.0% | Form 40-F (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 331 | +34.0% | Form 40-F (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 247 | +55.8% | Form 40-F (filed 2022-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 159 | +65.6% | Form 40-F (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 95.7 | +94.5% | Form 40-F (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 49.2 | +113.0% | Form 40-F (filed 2019-02-12) ↗ |
| FY2016 | Dec 31, 2016 | 23.1 | +181.7% | Form 40-F (filed 2018-02-15) ↗ |
| FY2015 | Dec 31, 2015 | 8.20 | – | Form 40-F (filed 2017-02-15) ↗ |
Breakdown
What makes up total stock-based compensation expense ($m)
- Stock-Based Compensation — Research and Development ($M)313 · FY2025
- Stock-Based Compensation — General and Administrative ($M)88 · FY2025
- Stock-Based Compensation — Sales and Marketing ($M)44 · FY2025
- Stock-Based Compensation — Cost of Revenues ($M)4 · FY2025
- Unrecognized Stock-Based Compensation Cost (Future Amortization) ($M)486 · FY2025
- Stock-Based Compensation Capitalized to Software Development ($M)0.90 · FY2019
Cite this data
StockData. (2026). Shopify Total Stock-Based Compensation Expense ($M) ($M), annual FY2015–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/sbc_total
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.