TTM
$579.00M
YoY change
+15.1%
5Y CAGR
+37.0%
Peak year (2021)
$3.21B
Cumulative EBITDA
$5.12B
EBITDA history chart for Shopify (SHOP) from 2012 to 2025
Latest: $1.54B
EBITDA growth chart for Shopify (SHOP) from 2012 to 2025
Latest: +15.1%
EBITDA history table for Shopify (SHOP) from 2012 to 2025
| 2025 | $1.54B | +15.1% | +$202.00M | ||
| 2024 | $1.34B | +829.2% | +$1.19B | ||
| 2023 | $144.00M | -124.2% | +$738.00M | ||
| 2022 | −$594.00M | -118.5% | −$3.80B | ||
| 2021 | $3.21B | +905.7% | +$2.89B | ||
| 2020 | $319.00M | -630.2% | +$379.16M | ||
| 2019 | −$60.16M | -7.3% | +$4.70M | ||
| 2018 | −$64.87M | +151.7% | −$39.09M | ||
| 2017 | −$25.77M | +11.1% | −$2.58M | ||
| 2016 | −$23.20M | +120.5% | −$12.68M | ||
| 2015 | −$10.52M | -37.9% | +$6.42M | ||
| 2014 | −$16.94M | +574.8% | −$14.43M | ||
| 2013 | −$2.51M | +236.1% | −$1.76M | ||
| 2012 | −$747.00K | — | — |
- 2025$1.54B+15.1%
- 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−$747.00K—
EBITDA values are taken from Shopify's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA at Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current EBITDA (TTM) is $579.00M. 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 .
The 2025 reading of Shopify (SHOP) EBITDA is $1.54B – grew 15.1% year-over-year.
Across 2020–2025 (5 years), Shopify EBITDA produced a CAGR of +37.0% – sustaining 3 straight years of year-over-year growth.
Between 2021 and 2025, Shopify EBITDA plunged 52.0%, falling from $3.21B to $1.54B.
The record annual EBITDA stands at $3.21B, reached in 2021; the historical low of −$594.00M was recorded in 2022.
Shopify EBITDA by Year
Shopify EBITDA 2025: $1.54B
Shopify EBITDA in 2025 was $1.54B, grew 15.1% from 2024.
Shopify EBITDA 2024: $1.34B
2024's EBITDA for Shopify came in at $1.34B, surged 829.2% from 2023.
Shopify EBITDA 2023: $144.00M
Shopify posted EBITDA of $144.00M in 2023, plunged 124.2% below 2022.
Shopify EBITDA 2022: −$594.00M
In 2022, Shopify reported EBITDA of −$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 by EBITDA
Technology peers of Shopify (SHOP), ranked by their latest EBITDA
| $160.16B | |
| $144.55B | |
| $144.43B | |
| $88.75B | |
| $34.71B | |
| $18.49B | |
| $14.61B | |
| $7.28B |
- $160.16B
- $144.55B
- $144.43B
- $88.75B
- $34.71B
- $18.49B
- $14.61B
- $7.28B
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