TTM
10.8%
YoY change
−12.08pp
Trough year (2022)
-61.8%
Peak year (2021)
63.2%
Latest annual
10.7%
Net Profit Margin history chart for Shopify (SHOP) from 2012 to 2025
Latest: 10.7%
Net Profit Margin change chart for Shopify (SHOP) from 2012 to 2025
Latest: −12.08pp
Net Profit Margin history table for Shopify (SHOP) from 2012 to 2025
| 2025 | 10.7% | -12.08pp | ||
| 2024 | 22.7% | +20.87pp | ||
| 2023 | 1.9% | +63.66pp | ||
| 2022 | -61.8% | -124.98pp | ||
| 2021 | 63.2% | +52.29pp | ||
| 2020 | 10.9% | +18.82pp | ||
| 2019 | -7.9% | -1.90pp | ||
| 2018 | -6.0% | -0.07pp | ||
| 2017 | -5.9% | +3.14pp | ||
| 2016 | -9.1% | +0.07pp | ||
| 2015 | -9.2% | +12.09pp | ||
| 2014 | -21.2% | -11.62pp | ||
| 2013 | -9.6% | -4.43pp | ||
| 2012 | -5.2% | — |
- 202510.7%-12.08pp
- 202422.7%+20.87pp
- 20231.9%+63.66pp
- 2022-61.8%-124.98pp
- 202163.2%+52.29pp
- 202010.9%+18.82pp
- 2019-7.9%-1.90pp
- 2018-6.0%-0.07pp
- 2017-5.9%+3.14pp
- 2016-9.1%+0.07pp
- 2015-9.2%+12.09pp
- 2014-21.2%-11.62pp
- 2013-9.6%-4.43pp
- 2012-5.2%—
Net Profit Margin 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 Net Profit Margin at Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's latest reported net margin is 10.8%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Shopify (SHOP) most recent annual net margin stands at 10.65% (2025) – contracted 12.1 percentage points year-over-year.
63.20% stands as the all-time-high annual net margin, posted in 2021, against a low of -61.79% during 2022.
Shopify Net Profit Margin by Year
Shopify Net Profit Margin 2025: 10.7%
In 2025, Shopify reported net margin of 10.65%, contracted 12.1 percentage points from 2024.
Shopify Net Profit Margin 2024: 22.7%
Shopify net margin in 2024 was 22.74%, expanded 20.9 percentage points from 2023.
Shopify Net Profit Margin 2023: 1.9%
2023's net margin for Shopify came in at 1.87%, expanded 63.7 percentage points from 2022.
Shopify Net Profit Margin 2022: -61.8%
Shopify posted net margin of -61.79% in 2022, contracted 125.0 percentage points from 2021. This figure represents the lowest annual value in the available history.
Shopify Net Profit Margin 2021: 63.2%
Shopify net margin in 2021 was 63.20%.
See more financial history for Shopify (SHOP).
Sector peers by Net Profit Margin
Technology peers of Shopify (SHOP), ranked by their latest net margin
| 63.0% | |
| 47.0% | |
| 41.5% | |
| 39.3% | |
| 38.8% | |
| 29.7% | |
| 27.2% | |
| 13.4% |
- 63.0%
- 47.0%
- 39.3%
- 38.8%
- 29.7%
- 27.2%
- 13.4%
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