TTM
$1.65B
YoY change
+36.6%
5Y CAGR
+74.7%
Peak year (2025)
$1.47B
Cumulative operating income
$679.25M
Operating Income history chart for Shopify (SHOP) from 2012 to 2025
Latest: $1.47B
Operating Income growth chart for Shopify (SHOP) from 2012 to 2025
Latest: +36.6%
Operating Income history table for Shopify (SHOP) from 2012 to 2025
| 2025 | $1.47B | +36.6% | +$393.00M | ||
| 2024 | $1.07B | -175.8% | +$2.49B | ||
| 2023 | −$1.42B | +72.5% | −$596.00M | ||
| 2022 | −$822.00M | -406.0% | −$1.09B | ||
| 2021 | $268.64M | +198.0% | +$178.49M | ||
| 2020 | $90.15M | -163.9% | +$231.30M | ||
| 2019 | −$141.15M | +53.6% | −$49.23M | ||
| 2018 | −$91.92M | +87.0% | −$42.76M | ||
| 2017 | −$49.16M | +32.3% | −$11.99M | ||
| 2016 | −$37.16M | +109.3% | −$19.41M | ||
| 2015 | −$17.76M | -17.9% | +$3.86M | ||
| 2014 | −$21.61M | +406.3% | −$17.35M | ||
| 2013 | −$4.27M | +182.0% | −$2.75M | ||
| 2012 | −$1.51M | — | — |
- 2025$1.47B+36.6%
- 2024$1.07B-175.8%
- 2023−$1.42B+72.5%
- 2022−$822.00M-406.0%
- 2021$268.64M+198.0%
- 2020$90.15M-163.9%
- 2019−$141.15M+53.6%
- 2018−$91.92M+87.0%
- 2017−$49.16M+32.3%
- 2016−$37.16M+109.3%
- 2015−$17.76M-17.9%
- 2014−$21.61M+406.3%
- 2013−$4.27M+182.0%
- 2012−$1.51M—
Operating Income 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 Operating Income at Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current operating income (TTM) is $1.65B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
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) operating income is $1.47B – surged 36.6% year-over-year.
Shopify operating income has grown for 2 consecutive years, with a +74.7% compound annual growth rate over 2020–2025 (5 years).
The record annual operating income stands at $1.47B, reached in 2025; the historical low of −$1.42B was recorded in 2023.
Shopify Operating Income by Year
Shopify Operating Income 2025: $1.47B
Shopify operating income in 2025 was $1.47B, surged 36.6% from 2024. This figure represents the highest annual value in the available history.
Shopify Operating Income 2024: $1.07B
2024's operating income for Shopify came in at $1.07B, plunged 175.8% below 2023.
Shopify Operating Income 2023: −$1.42B
Shopify posted operating income of −$1.42B in 2023, surged 72.5% from 2022. This figure represents the lowest annual value in the available history.
Shopify Operating Income 2022: −$822.00M
In 2022, Shopify reported operating income of −$822.00M, plunged 406.0% below 2021.
Shopify Operating Income 2021: $268.64M
Shopify operating income in 2021 was $268.64M.
See more financial history for Shopify (SHOP).
Sector peers by Operating Income
Technology peers of Shopify (SHOP), ranked by their latest operating income
| $133.05B | |
| $130.39B | |
| $128.53B | |
| $63.06B | |
| $25.48B | |
| $13.16B | |
| $9.87B | |
| $3.69B |
- $133.05B
- $130.39B
- $128.53B
- $63.06B
- $25.48B
- $13.16B
- $9.87B
- $3.69B
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