Gross Profit for Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current gross profit (TTM) is $5.55B USD. 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 .
SHOP
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$5.55B
YoY change
+24.2%
5Y CAGR
+29.2%
Peak year (2025)
$5.55B
Cumulative gross profit
$22.60B
Gross Profit history chart for Shopify (SHOP) from 2012 to 2025
Gross Profit history table for Shopify (SHOP) from 2012 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 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 (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
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 (SHOP) sits 9th of 8 Technology peers we track on this metric, against a peer median of $98.38B.
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
Shopify gross profit in 2024 was $4.47B, grew 27.2% from 2023.
Shopify Gross Profit 2023: $3.52B
Shopify gross profit in 2023 was $3.52B, grew 27.6% from 2022.
Shopify Gross Profit 2022: $2.75B
Shopify gross profit in 2022 was $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 — Gross Profit
Companies in the same sector as Shopify, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.30T | Technology |
| Apple Inc. (AAPL) | $195.20B | Technology |
| Microsoft Corporation (MSFT) | $193.89B | Technology |
| NVIDIA Corporation (NVDA) | $153.46B | Technology |
| Broadcom Inc. (AVGO) | $43.29B | Technology |
| ASML Holding N.V. (ASML) | $17.26B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $17.15B | Technology |
| Micron Technology, Inc. (MU) | $14.87B | Technology |
Frequently asked questions
What is Shopify's gross profit?
- Latest reported gross profit for Shopify (SHOP) is $5.55B (period ending December 31, 2025).
How has Shopify gross profit changed year-over-year?
- Shopify (SHOP) gross profit changed +24.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify gross profit?
- Shopify (SHOP) gross profit compound annual growth rate is +29.2% over the most recent 5 years available.
When did Shopify gross profit hit its highest annual value?
- Shopify gross profit reached its highest annual value of $5.55B in 2025.
What was Shopify gross profit in 2024?
- Shopify (SHOP) gross profit in 2024 was $4.47B.
What was Shopify gross profit in 2025?
- Shopify (SHOP) gross profit in 2025 was $5.55B.
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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