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