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
More SHOP financial trends
SHOP RevenueSHOP Net incomeSHOP Gross profitSHOP Gross marginSHOP Operating incomeSHOP Operating marginSHOP Operating cash flowSHOP Free cash flowSHOP Capital expendituresSHOP Return on equitySHOP Stock buybacksSHOP Dividends paidSHOP Total assetsSHOP Total liabilitiesSHOP Shareholders’ equitySHOP overview →