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Shopify Inc. (SHOP) Gross margin

annual gross margin:

50.36%+0.57%(+1.14%)
December 31, 2024

Summary

  • As of today (August 24, 2025), SHOP annual gross profit margin is 50.36%, with the most recent change of +0.57% (+1.14%) on December 31, 2024.
  • During the last 3 years, SHOP annual gross margin has fallen by -3.44% (-6.39%).
  • SHOP annual gross margin is now -36.94% below its all-time high of 79.86%, reached on December 31, 2012.

Performance

SHOP Gross margin Chart

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quarterly gross margin:

48.36%-0.92%(-1.87%)
June 30, 2025

Summary

  • As of today (August 24, 2025), SHOP quarterly gross profit margin is 48.36%, with the most recent change of -0.92% (-1.87%) on June 30, 2025.
  • Over the past year, SHOP quarterly gross margin has dropped by -2.74% (-5.36%).
  • SHOP quarterly gross margin is now -40.27% below its all-time high of 80.97%, reached on June 1, 2013.

Performance

SHOP quarterly gross margin Chart

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Gross margin Formula

Gross Margin =  Gross Profit
Revenue
✕ 100%

SHOP Gross margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1 y1 year+1.1%-5.4%
3 y3 years-6.4%-4.5%
5 y5 years-8.2%-7.9%

SHOP Gross margin Highs & Lows

PeriodPeriodAnnual vs highAnnual vs highAnnual vs lowAnnual vs lowQuarter. vs highQuarter. vs highQuarter. vs lowQuarter. vs low
3 y3-year-6.4%+2.4%-8.0%+5.0%
5 y5-year-8.2%+2.4%-14.4%+5.0%
alltimeall time-36.9%+2.4%-40.3%+5.0%

SHOP Gross margin History

DateAnnualQuarterly
Jun 2025
-
48.36%(-1.9%)
Mar 2025
-
49.28%(+2.6%)
Dec 2024
50.36%(+1.1%)
48.04%(-7.1%)
Sep 2024
-
51.71%(+1.2%)
Jun 2024
-
51.10%(-0.6%)
Mar 2024
-
51.42%(+3.8%)
Dec 2023
49.79%(+1.2%)
49.53%(-5.8%)
Sep 2023
-
52.57%(+3.2%)
Jun 2023
-
50.94%(+7.1%)
Mar 2023
-
47.55%(+3.3%)
Dec 2022
49.18%(-8.6%)
46.05%(-5.0%)
Sep 2022
-
48.49%(-4.2%)
Jun 2022
-
50.64%(-4.4%)
Mar 2022
-
52.98%(+5.5%)
Dec 2021
53.80%(+2.2%)
50.20%(-7.3%)
Sep 2021
-
54.17%(-2.3%)
Jun 2021
-
55.42%(-1.9%)
Mar 2021
-
56.47%(+9.5%)
Dec 2020
52.62%(-4.1%)
51.57%(-2.3%)
Sep 2020
-
52.80%(+0.5%)
Jun 2020
-
52.53%(-3.9%)
Mar 2020
-
54.68%(+4.7%)
Dec 2019
54.85%(-1.3%)
52.23%(-5.9%)
Sep 2019
-
55.49%(-2.0%)
Jun 2019
-
56.60%(+0.5%)
Mar 2019
-
56.31%(+4.2%)
DateAnnualQuarterly
Dec 2018
55.56%(-1.6%)
54.02%(-2.6%)
Sep 2018
-
55.44%(-0.8%)
Jun 2018
-
55.91%(-3.2%)
Mar 2018
-
57.78%(+6.3%)
Dec 2017
56.48%(+5.0%)
54.37%(-6.8%)
Sep 2017
-
58.34%(+1.9%)
Jun 2017
-
57.26%(+1.0%)
Mar 2017
-
56.71%(+8.5%)
Dec 2016
53.81%(-2.5%)
52.26%(-0.8%)
Sep 2016
-
52.68%(-1.1%)
Jun 2016
-
53.28%(-0.7%)
Mar 2016
-
53.64%(+6.0%)
Dec 2015
55.18%(-6.2%)
50.60%(-7.1%)
Sep 2015
-
54.45%(-3.1%)
Jun 2015
-
56.21%(-2.6%)
Mar 2015
-
57.74%(+3.6%)
Dec 2014
58.84%(-19.5%)
55.75%(-6.1%)
Sep 2014
-
59.38%(-1.8%)
Jun 2014
-
60.45%(-2.2%)
Mar 2014
-
61.82%(-2.5%)
Dec 2013
73.11%(-8.5%)
-
Dec 2013
-
63.43%(-15.2%)
Sep 2013
-
74.77%(-7.7%)
Jun 2013
-
80.97%(+0.7%)
Mar 2013
-
80.43%
Dec 2012
79.86%
-

FAQ

  • What is Shopify Inc. annual gross profit margin?
  • What is the all time high annual gross margin for Shopify Inc.?
  • What is Shopify Inc. annual gross margin year-on-year change?
  • What is Shopify Inc. quarterly gross profit margin?
  • What is the all time high quarterly gross margin for Shopify Inc.?
  • What is Shopify Inc. quarterly gross margin year-on-year change?

What is Shopify Inc. annual gross profit margin?

The current annual gross margin of SHOP is 50.36%

What is the all time high annual gross margin for Shopify Inc.?

Shopify Inc. all-time high annual gross profit margin is 79.86%

What is Shopify Inc. annual gross margin year-on-year change?

Over the past year, SHOP annual gross profit margin has changed by +0.57% (+1.14%)

What is Shopify Inc. quarterly gross profit margin?

The current quarterly gross margin of SHOP is 48.36%

What is the all time high quarterly gross margin for Shopify Inc.?

Shopify Inc. all-time high quarterly gross profit margin is 80.97%

What is Shopify Inc. quarterly gross margin year-on-year change?

Over the past year, SHOP quarterly gross profit margin has changed by -2.74% (-5.36%)
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