Shopify Operating Margin 2013-2025 | SHOP

Current and historical operating margin for Shopify (SHOP) over the last 10 years. The current operating profit margin for Shopify as of December 31, 2025 is 12.26%.
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Shopify Operating Margin Historical Data
Date TTM Revenue TTM Operating Income Operating Margin
2025-12-31 $11.56B $1.47B 12.70%
2025-09-30 $10.70B $1.30B 12.17%
2025-06-30 $10.01B $1.24B 12.40%
2025-03-31 $9.38B $1.19B 12.71%
2024-12-31 $8.88B $1.08B 12.11%
2024-09-30 $8.21B $0.90B 10.95%
2024-06-30 $7.76B $0.74B 9.51%
2024-03-31 $7.41B $-1.14B -15.36%
2023-12-31 $7.06B $-1.42B -20.08%
2023-09-30 $6.65B $-1.90B -28.49%
2023-06-30 $6.30B $-2.36B -37.49%
2023-03-31 $5.90B $-0.92B -15.53%
2022-12-31 $5.60B $-0.82B -14.68%
2022-09-30 $5.25B $-0.62B -11.82%
2022-06-30 $5.00B $-0.28B -5.56%
2022-03-31 $4.83B $0.05B 1.06%
2021-12-31 $4.61B $0.27B 5.81%
2021-09-30 $4.21B $0.37B 8.72%
2021-06-30 $3.85B $0.42B 10.95%
2021-03-31 $3.45B $0.28B 8.21%
2020-12-31 $2.93B $0.09B 3.11%
2020-09-30 $2.46B $-0.05B -2.12%
2020-06-30 $2.08B $-0.14B -6.68%
2020-03-31 $1.73B $-0.18B -10.36%
2019-12-31 $1.58B $-0.14B -9.00%
2019-09-30 $1.42B $-0.12B -8.54%
2019-06-30 $1.30B $-0.12B -8.95%
2019-03-31 $1.18B $-0.11B -9.08%
2018-12-31 $1.07B $-0.09B -8.48%
2018-09-30 $0.95B $-0.09B -9.24%
2018-06-30 $0.85B $-0.07B -8.21%
2018-03-31 $0.76B $-0.06B -7.24%
2017-12-31 $0.67B $-0.05B -7.28%
2017-09-30 $0.58B $-0.05B -8.97%
2017-06-30 $0.51B $-0.05B -9.43%
2017-03-31 $0.44B $-0.04B -9.23%
2016-12-31 $0.39B $-0.04B -9.49%
2016-09-30 $0.33B $-0.04B -10.61%
2016-06-30 $0.28B $-0.03B -10.60%
2016-03-31 $0.24B $-0.02B -9.96%
2015-12-31 $0.21B $-0.02B -8.29%
2015-09-30 $0.17B $-0.02B -8.82%
2015-06-30 $0.14B $-0.02B -10.42%
2015-03-31 $0.12B $-0.02B -15.45%
2014-12-31 $0.11B $-0.02B -20.95%
Sector Industry Market Cap Revenue
Computer and Technology Internet Services $146.718B $11.556B
Shopify Inc. provides a multi-tenant, cloud-based, multi-channel commerce platform for small and medium-sized businesses. Merchants use the company's software to run business across various sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. Shopify's platform enables merchants to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics along with reporting from one integrated back office. Moreover, Shopify hosts a huge database of merchant and customer interactions. Merchants leverage this transactional dataset to get meaningful insight into the sales channel growth prospects and consumer behavioral aspects. This improves their ability to target prospective customers more easily, which drives sales growth.
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