Shopify Inc.
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$156.22−1.27 (-0.81%)
Close on Nov 2, 2026Market cap $201.00BP/E 104.8Yield –
Shopify Total Cost of Revenues: $6,001M in FY2025, up 36.1% from a year earlier. That is the highest of the 12 years on record here.
Latest, FY2025
6,001
Period ended Dec 31, 2025
Change on a year earlier
+36.1%
4,408 in FY2024
History
12 years
Since FY2014
Sources
10
Documents cited below
Where the FY2025 figure comes from
Source: Form 10-K (filed 2026-02-11) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Total Cost of Revenues ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6,001 | +36.1% | Form 10-K (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 4,408 | +24.3% | Form 10-K (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 3,545 | +24.6% | Form 40-F (filed 2024-02-13) ↗ |
| FY2022 | Dec 31, 2022 | 2,846 | +33.6% | Form 40-F (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 2,131 | +53.5% | Form 40-F (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 1,388 | +94.8% | Form 40-F (filed 2022-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 713 | +49.4% | Form 40-F (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 477 | +62.7% | Form 40-F (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 293 | +63.0% | Form 40-F (filed 2019-02-12) ↗ |
| FY2016 | Dec 31, 2016 | 180 | +95.5% | Form 40-F FY2018 (filed 2019-02-12) ↗ |
| FY2015 | Dec 31, 2015 | 92.0 | +116.9% | Form 40-F FY2017 (filed 2018-02-15) ↗ |
| FY2014 | Dec 31, 2014 | 42.4 | – | Form 40-F FY2016 (filed 2017-02-15) ↗ |
Breakdown
What makes up total Cost of Revenues
Cite this data
StockData. (2026). Shopify Total Cost of Revenues ($M), annual FY2014–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/sol-total-cost-of-revenues
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.