Shopify Inc. (SHOP) Net margin 2017–2025
Shopify Inc. (SHOP) net profit margin by fiscal year — reported net income divided by reported revenue.
10.7%FY2025 · since FY2017: -5.9% → 10.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 10.7% | -12.1 pp |
| FY2024 | 22.7% | +20.9 pp |
| FY2023 | 1.9% | +63.7 pp |
| FY2022 | -61.8% | -125.0 pp |
| FY2021 | 63.2% | +52.3 pp |
| FY2020 | 10.9% | +18.8 pp |
| FY2019 | -7.9% | -1.9 pp |
| FY2018 | -6.0% | -0.1 pp |
| FY2017 | -5.9% | — |
Net margin = reported net income ÷ reported revenue for the same fiscal year. Loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice