Shopify Inc. (SHOP) stock
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$147.09+0.31 (+0.21%)
Close on Nov 13, 2026Market cap $189.25BP/E 98.7Yield –
Shopify profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Shopify's profit margin for the twelve months ending Jun 30, 2026 was 14.5%. For fiscal 2025 it was 10.7%, against 22.7% the year before. The highest annual figure on record is 63.2% in fiscal 2021.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 10.7% | −12.1 |
| FY2024 | Dec 31, 2024 | 22.7% | +20.9 |
| FY2023 | Dec 31, 2023 | 1.9% | +63.7 |
| FY2022 | Dec 31, 2022 | -61.8% | −125.0 |
| FY2021 | Dec 31, 2021 | 63.2% | +52.3 |
| FY2020 | Dec 31, 2020 | 10.9% | +18.8 |
| FY2019 | Dec 31, 2019 | -7.9% | −1.9 |
| FY2018 | Dec 31, 2018 | -6.0% | −0.1 |
| FY2017 | Dec 31, 2017 | -5.9% | +3.1 |
| FY2016 | Dec 31, 2016 | -9.1% | +0.1 |
| FY2015 | Dec 31, 2015 | -9.2% | +12.1 |
| FY2014 | Dec 31, 2014 | -21.2% | −11.6 |
| FY2013 | Dec 31, 2013 | -9.6% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 41.9% | +8.1 |
| Q1 FY2026 | Mar 31, 2026 | -18.3% | +10.6 |
| Q4 FY2025 | Dec 31, 2025 | 20.2% | −25.7 |
| Q3 FY2025 | Sep 30, 2025 | 9.3% | −29.0 |
| Q2 FY2025 | Jun 30, 2025 | 33.8% | +25.4 |
| Q1 FY2025 | Mar 31, 2025 | -28.9% | −14.2 |
| Q4 FY2024 | Dec 31, 2024 | 46.0% | – |
| Q3 FY2024 | Sep 30, 2024 | 38.3% | – |
| Q2 FY2024 | Jun 30, 2024 | 8.4% | – |
| Q1 FY2024 | Mar 31, 2024 | -14.7% | – |
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