Shopify Research and Development Expenses 2013-2022 | SHOP

Shopify annual/quarterly research and development expenses history and growth rate from 2013 to 2022. 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 September 30, 2022 were $0.412B, a 86.56% increase year-over-year.
  • Shopify research and development expenses for the twelve months ending September 30, 2022 were $1.337B, a 80.73% increase year-over-year.
  • Shopify annual research and development expenses for 2021 were $0.854B, a 54.74% increase from 2020.
  • Shopify annual research and development expenses for 2020 were $0.552B, a 55.52% increase from 2019.
  • Shopify annual research and development expenses for 2019 were $0.355B, a 53.9% increase from 2018.
Shopify Annual Research and Development Expenses
(Millions of US $)
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 $)
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 $62.221B $4.612B
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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