EBITDA for Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current EBITDA (TTM) is $1.50B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
SHOP
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$1.50B
YoY change
+12.0%
5Y CAGR
+36.3%
Peak year (2021)
$3.21B
Cumulative EBITDA
$5.71B
EBITDA history chart for Shopify (SHOP) from 2012 to 2025
EBITDA history table for Shopify (SHOP) from 2012 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $1.50B | +12.0% | ||
| 2024 | $1.34B | +829.2% | ||
| 2023 | $144.00M | -124.2% | ||
| 2022 | -$594.00M | -118.5% | ||
| 2021 | $3.21B | +905.7% | ||
| 2020 | $319.00M | -630.2% | ||
| 2019 | -$60.16M | -7.3% | ||
| 2018 | -$64.87M | +151.7% | ||
| 2017 | -$25.77M | +11.1% | ||
| 2016 | -$23.20M | +120.5% | ||
| 2015 | -$10.52M | -37.9% | ||
| 2014 | -$16.94M | +574.8% | ||
| 2013 | -$2.51M | +236.1% | ||
| 2012 | -$747,000 | — |
EBITDA values are taken from Shopify's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Shopify (SHOP) EBITDA is $1.50B – grew 12.0% year-over-year.
Across 2020–2025 (5 years), Shopify EBITDA produced a CAGR of +36.3% – sustaining 3 straight years of year-over-year growth.
Between 2021 and 2025, Shopify EBITDA plunged 53.3%, falling from $3.21B to $1.50B.
The dataset's maximum EBITDA sits at $3.21B (2021); the minimum reading of -$594.00M dates to 2022.
Shopify (SHOP) sits 9th of 8 Technology peers we track on this metric, against a peer median of $89.57B.
Shopify EBITDA by Year
Shopify EBITDA 2025: $1.50B
Shopify EBITDA in 2025 was $1.50B, grew 12.0% from 2024.
Shopify EBITDA 2024: $1.34B
Shopify EBITDA in 2024 was $1.34B, surged 829.2% from 2023.
Shopify EBITDA 2023: $144.00M
Shopify EBITDA in 2023 was $144.00M, plunged 124.2% below 2022.
Shopify EBITDA 2022: -$594.00M
Shopify EBITDA in 2022 was -$594.00M, plunged 118.5% below 2021. This figure represents the lowest annual value in the available history.
Shopify EBITDA 2021: $3.21B
Shopify EBITDA in 2021 was $3.21B.
See more financial history for Shopify (SHOP).
Sector peers — EBITDA
Companies in the same sector as Shopify, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.75T | Technology |
| Microsoft Corporation (MSFT) | $160.16B | Technology |
| NVIDIA Corporation (NVDA) | $144.55B | Technology |
| Apple Inc. (AAPL) | $144.43B | Technology |
| Broadcom Inc. (AVGO) | $34.71B | Technology |
| Micron Technology, Inc. (MU) | $18.49B | Technology |
| ASML Holding N.V. (ASML) | $12.55B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $7.28B | Technology |
Frequently asked questions
What is Shopify's EBITDA?
- Latest reported EBITDA for Shopify (SHOP) is $1.50B (period ending December 31, 2025).
How has Shopify EBITDA changed year-over-year?
- Shopify (SHOP) EBITDA changed +12.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify EBITDA?
- Shopify (SHOP) EBITDA compound annual growth rate is +36.3% over the most recent 5 years available.
When did Shopify EBITDA hit its highest annual value?
- Shopify EBITDA reached its highest annual value of $3.21B in 2021.
What was Shopify EBITDA in 2024?
- Shopify (SHOP) EBITDA in 2024 was $1.34B.
What was Shopify EBITDA in 2025?
- Shopify (SHOP) EBITDA in 2025 was $1.50B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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