Revenue for Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's current revenue (TTM) is $11.56B USD. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
SHOP
Currently viewingRevenueSwitch metric
TTM (last 4 quarters)
$11.56B
YoY change
+30.1%
5Y CAGR
+31.6%
Peak year (2025)
$11.56B
Cumulative revenue
$44.74B
Revenue history chart for Shopify (SHOP) from 2012 to 2025
Revenue history table for Shopify (SHOP) from 2012 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $11.56B | +30.1% | ||
| 2024 | $8.88B | +25.8% | ||
| 2023 | $7.06B | +26.1% | ||
| 2022 | $5.60B | +21.4% | ||
| 2021 | $4.61B | +57.4% | ||
| 2020 | $2.93B | +85.6% | ||
| 2019 | $1.58B | +47.0% | ||
| 2018 | $1.07B | +59.4% | ||
| 2017 | $673.30M | +72.9% | ||
| 2016 | $389.33M | +89.7% | ||
| 2015 | $205.23M | +95.4% | ||
| 2014 | $105.02M | +109.0% | ||
| 2013 | $50.25M | +111.9% | ||
| 2012 | $23.71M | — |
Revenue 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
The 2025 reading of Shopify (SHOP) revenue is $11.56B – surged 30.1% year-over-year.
Through 2020–2025 (5 years), Shopify revenue delivered a +31.6% annualised rate; sustaining 13 straight years of year-over-year growth.
$11.56B stands as the all-time-high annual revenue, posted in 2025, against a low of $23.71M during 2012.
Among 8 Technology peers, Shopify (SHOP) ranks 9th; the peer median for revenue is $139.91B.
Shopify Revenue by Year
Shopify Revenue 2025: $11.56B
Shopify revenue in 2025 was $11.56B, surged 30.1% from 2024. This figure represents the highest annual value in the available history.
Shopify Revenue 2024: $8.88B
Shopify revenue in 2024 was $8.88B, grew 25.8% from 2023.
Shopify Revenue 2023: $7.06B
Shopify revenue in 2023 was $7.06B, grew 26.1% from 2022.
Shopify Revenue 2022: $5.60B
Shopify revenue in 2022 was $5.60B, grew 21.4% from 2021.
Shopify Revenue 2021: $4.61B
Shopify revenue in 2021 was $4.61B.
See more financial history for Shopify (SHOP).
Sector peers — Revenue
Companies in the same sector as Shopify, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $3.85T | Technology |
| Apple Inc. (AAPL) | $416.16B | Technology |
| Microsoft Corporation (MSFT) | $281.72B | Technology |
| NVIDIA Corporation (NVDA) | $215.94B | Technology |
| Broadcom Inc. (AVGO) | $63.89B | Technology |
| Micron Technology, Inc. (MU) | $37.38B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $34.64B | Technology |
| ASML Holding N.V. (ASML) | $32.67B | Technology |
Frequently asked questions
What is Shopify's revenue?
- Latest reported revenue for Shopify (SHOP) is $11.56B (period ending December 31, 2025).
How has Shopify revenue changed year-over-year?
- Shopify (SHOP) revenue changed +30.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify revenue?
- Shopify (SHOP) revenue compound annual growth rate is +31.6% over the most recent 5 years available.
When did Shopify revenue hit its highest annual value?
- Shopify revenue reached its highest annual value of $11.56B in 2025.
What was Shopify revenue in 2024?
- Shopify (SHOP) revenue in 2024 was $8.88B.
What was Shopify revenue in 2025?
- Shopify (SHOP) revenue in 2025 was $11.56B.
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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