Shopify Inc. (SHOP) Gross margin 2017–2025
Shopify Inc. (SHOP) gross margin by fiscal year — reported gross profit divided by reported revenue.
48.1%FY2025 · since FY2017: 56.5% → 48.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 48.1% | -2.3 pp |
| FY2024 | 50.4% | +0.6 pp |
| FY2023 | 49.8% | +0.6 pp |
| FY2022 | 49.2% | -4.6 pp |
| FY2021 | 53.8% | +1.2 pp |
| FY2020 | 52.6% | -2.2 pp |
| FY2019 | 54.9% | -0.7 pp |
| FY2018 | 55.6% | -0.9 pp |
| FY2017 | 56.5% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice