Shopify Inc. (SHOP) Return on equity 2017–2025
Shopify Inc. (SHOP) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
9.1%FY2025 · since FY2017: -4.0% → 9.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 9.1% | -8.3 pp |
| FY2024 | 17.5% | +16.0 pp |
| FY2023 | 1.5% | +43.5 pp |
| FY2022 | -42.0% | -68.2 pp |
| FY2021 | 26.2% | +21.2 pp |
| FY2020 | 5.0% | +9.1 pp |
| FY2019 | -4.1% | -1.1 pp |
| FY2018 | -3.1% | +0.9 pp |
| FY2017 | -4.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More SHOP financial trends
SHOP RevenueSHOP Net incomeSHOP Net marginSHOP Gross profitSHOP Gross marginSHOP Operating incomeSHOP Operating marginSHOP Operating cash flowSHOP Free cash flowSHOP Capital expendituresSHOP Stock buybacksSHOP Dividends paidSHOP Total assetsSHOP Total liabilitiesSHOP Shareholders’ equitySHOP overview →