Stock-Based Compensation for Shopify (SHOP)
Stock-Based Compensation for Shopify (SHOP): headline value $343.00M · YoY +4.4%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

SHOP
Currently viewingStock-Based CompensationSwitch metric
Latest period
$343.00M
YoY change
+4.4%
5Y CAGR
+12.7%
Peak year (2023)
$615.00M
Latest annual
$449.00M
Stock-Based Compensation history chart for Shopify (SHOP) from 2012 to 2025
Stock-Based Compensation history table for Shopify (SHOP) from 2012 to 2025
| Fiscal year | Period ended | Reported | Stock-Based Compensation | YoY |
|---|---|---|---|---|
| 2025 | $449.00M | +4.4% | ||
| 2024 | $430.00M | -30.1% | ||
| 2023 | $615.00M | +12.0% | ||
| 2022 | $549.00M | +66.0% | ||
| 2021 | $330.76M | +33.9% | ||
| 2020 | $246.94M | +55.8% | ||
| 2019 | $158.46M | +65.5% | ||
| 2018 | $95.72M | +94.7% | ||
| 2017 | $49.16M | +114.7% | ||
| 2016 | $22.90M | +193.4% | ||
| 2015 | $7.80M | +105.8% | ||
| 2014 | $3.79M | +162.2% | ||
| 2013 | $1.45M | +439.6% | ||
| 2012 | $268,000 | — |
Stock-Based Compensation values are taken from Shopify's reported cash flow 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 stock-based compensation for Shopify (SHOP) came in at $449.00M – edged up 4.4% year-over-year.
Shopify stock-based compensation compound annual growth for the 2020–2025 (5 years) window is +12.7%, with the latest reading among the more recent periods of the dataset.
$615.00M stands as the all-time-high annual stock-based compensation, posted in 2023, against a low of $268,000 during 2012.
Within Technology, Shopify (SHOP) ranks 7th among 8 peers we track. The peer median for stock-based compensation is $4.01B.
Shopify Stock-Based Compensation by Year
Shopify Stock-Based Compensation 2025: $449.00M
Shopify stock-based compensation in 2025 was $449.00M, edged up 4.4% from 2024.
Shopify Stock-Based Compensation 2024: $430.00M
Shopify stock-based compensation in 2024 was $430.00M, plunged 30.1% below 2023.
Shopify Stock-Based Compensation 2023: $615.00M
Shopify stock-based compensation in 2023 was $615.00M, grew 12.0% from 2022. This figure represents the highest annual value in the available history.
Shopify Stock-Based Compensation 2022: $549.00M
Shopify stock-based compensation in 2022 was $549.00M, surged 66.0% from 2021.
Shopify Stock-Based Compensation 2021: $330.76M
Shopify stock-based compensation in 2021 was $330.76M.
See more financial history for Shopify (SHOP).
Sector peers — Stock-Based Compensation
Companies in the same sector as Shopify, ranked by their latest stock-based compensation.
| Company | Stock-Based Compensation | Sector |
|---|---|---|
| Apple Inc. (AAPL) | $12.86B | Technology |
| Microsoft Corporation (MSFT) | $11.97B | Technology |
| Broadcom Inc. (AVGO) | $7.57B | Technology |
| NVIDIA Corporation (NVDA) | $6.39B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $1.64B | Technology |
| Micron Technology, Inc. (MU) | $972.00M | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $0 | Technology |
| ASML Holding N.V. (ASML) | $0 | Technology |
Frequently asked questions
What is Shopify's stock-based compensation?
Latest reported stock-based compensation for Shopify (SHOP) is $343.00M (period ending December 31, 2025).
How has Shopify stock-based compensation changed year-over-year?
Shopify (SHOP) stock-based compensation changed +4.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify stock-based compensation?
Shopify (SHOP) stock-based compensation compound annual growth rate is +12.7% over the most recent 5 years available.
When did Shopify stock-based compensation hit its highest annual value?
Shopify stock-based compensation reached its highest annual value of $615.00M in 2023.
What was Shopify stock-based compensation in 2024?
Shopify (SHOP) stock-based compensation in 2024 was $430.00M.
What was Shopify stock-based compensation in 2025?
Shopify (SHOP) stock-based compensation in 2025 was $449.00M.
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