Shopify Research and Development Expenses 2013-2023 | SHOP
Shopify annual/quarterly research and development expenses history and growth rate from 2013 to 2023. Research and development expenses can be defined as an expense arising from studies and product development processes.
- Shopify research and development expenses for the quarter ending December 31, 2023 were $0.311B, a 29.32% decline year-over-year.
- Shopify research and development expenses for the twelve months ending December 31, 2023 were $1.730B, a 15.1% increase year-over-year.
- Shopify annual research and development expenses for 2023 were $1.73B, a 15.1% increase from 2022.
- Shopify annual research and development expenses for 2022 were $1.503B, a 75.92% increase from 2021.
- Shopify annual research and development expenses for 2021 were $0.854B, a 54.74% increase from 2020.
| Shopify Annual Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2023 | $1,730 |
| 2022 | $1,503 |
| 2021 | $854 |
| 2020 | $552 |
| 2019 | $355 |
| 2018 | $231 |
| 2017 | $136 |
| 2016 | $74 |
| 2015 | $40 |
| 2014 | $26 |
| 2013 | $14 |
| 2012 | $6 |
| Shopify Quarterly Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2023-12-31 | $311 |
| 2023-09-30 | $313 |
| 2023-06-30 | $648 |
| 2023-03-31 | $458 |
| 2022-12-31 | $440 |
| 2022-09-30 | $412 |
| 2022-06-30 | $347 |
| 2022-03-31 | $304 |
| 2021-12-31 | $274 |
| 2021-09-30 | $221 |
| 2021-06-30 | $184 |
| 2021-03-31 | $176 |
| 2020-12-31 | $159 |
| 2020-09-30 | $143 |
| 2020-06-30 | $133 |
| 2020-03-31 | $116 |
| 2019-12-31 | $103 |
| 2019-09-30 | $90 |
| 2019-06-30 | $86 |
| 2019-03-31 | $76 |
| 2018-12-31 | $67 |
| 2018-09-30 | $62 |
| 2018-06-30 | $54 |
| 2018-03-31 | $48 |
| 2017-12-31 | $40 |
| 2017-09-30 | $36 |
| 2017-06-30 | $33 |
| 2017-03-31 | $27 |
| 2016-12-31 | $24 |
| 2016-09-30 | $19 |
| 2016-06-30 | $17 |
| 2016-03-31 | $14 |
| 2015-12-31 | $14 |
| 2015-09-30 | $10 |
| 2015-06-30 | $9 |
| 2015-03-31 | $7 |
| 2014-12-31 | $7 |
| 2014-09-30 | $7 |
| 2014-06-30 | $7 |
| 2014-03-31 | $6 |
| 2013-12-31 | |
| 2012-12-31 | |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Computer and Technology | Internet Services | $92.968B | $7.060B |
| 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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