TTM
$5.93B
YoY change
+24.2%
5Y CAGR
+29.2%
Peak year (2025)
$5.55B
Cumulative gross profit
$24.14B
Gross Profit history chart for Shopify (SHOP) from 2012 to 2025
Latest: $5.55B
Gross Profit growth chart for Shopify (SHOP) from 2012 to 2025
Latest: +24.2%
Gross Profit history table for Shopify (SHOP) from 2012 to 2025
| 2025 | $5.55B | +24.2% | +$1.08B | ||
| 2024 | $4.47B | +27.2% | +$957.00M | ||
| 2023 | $3.52B | +27.6% | +$761.00M | ||
| 2022 | $2.75B | +11.0% | +$272.86M | ||
| 2021 | $2.48B | +61.0% | +$939.62M | ||
| 2020 | $1.54B | +78.1% | +$675.88M | ||
| 2019 | $865.64M | +45.2% | +$269.38M | ||
| 2018 | $596.27M | +56.8% | +$216.01M | ||
| 2017 | $380.25M | +81.5% | +$170.76M | ||
| 2016 | $209.50M | +88.6% | +$98.42M | ||
| 2015 | $111.07M | +79.7% | +$49.28M | ||
| 2014 | $61.80M | +68.2% | +$25.06M | ||
| 2013 | $36.74M | +94.0% | +$17.80M | ||
| 2012 | $18.94M | — | — |
- 2025$5.55B+24.2%
- 2024$4.47B+27.2%
- 2023$3.52B+27.6%
- 2022$2.75B+11.0%
- 2021$2.48B+61.0%
- 2020$1.54B+78.1%
- 2019$865.64M+45.2%
- 2018$596.27M+56.8%
- 2017$380.25M+81.5%
- 2016$209.50M+88.6%
- 2015$111.07M+79.7%
- 2014$61.80M+68.2%
- 2013$36.74M+94.0%
- 2012$18.94M—
Gross Profit 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 Gross Profit at Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current gross profit (TTM) is $5.93B. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual gross profit for Shopify (SHOP) came in at $5.55B – grew 24.2% year-over-year.
Across 2020–2025 (5 years), Shopify gross profit produced a CAGR of +29.2% – sustaining 13 straight years of year-over-year growth.
$5.55B stands as the all-time-high annual gross profit, posted in 2025, against a low of $18.94M during 2012.
Shopify Gross Profit by Year
Shopify Gross Profit 2025: $5.55B
Shopify gross profit in 2025 was $5.55B, grew 24.2% from 2024. This figure represents the highest annual value in the available history.
Shopify Gross Profit 2024: $4.47B
2024's gross profit for Shopify came in at $4.47B, grew 27.2% from 2023.
Shopify Gross Profit 2023: $3.52B
Shopify posted gross profit of $3.52B in 2023, grew 27.6% from 2022.
Shopify Gross Profit 2022: $2.75B
In 2022, Shopify reported gross profit of $2.75B, grew 11.0% from 2021.
Shopify Gross Profit 2021: $2.48B
Shopify gross profit in 2021 was $2.48B.
See more financial history for Shopify (SHOP).
Sector peers by Gross Profit
Technology peers of Shopify (SHOP), ranked by their latest gross profit
| $195.20B | |
| $193.89B | |
| $153.46B | |
| $74.32B | |
| $43.29B | |
| $20.09B | |
| $17.15B | |
| $14.87B |
- $195.20B
- $193.89B
- $153.46B
- $74.32B
- $43.29B
- $20.09B
- $17.15B
- $14.87B
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