KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Accumulated Depreciation & AmortizationCost of RevenueEBIATLeasesLoans and Notes ReceivablesMachine, Furnitures, Fixtures & OtherOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Receivables - NetShares Issued
Ratios

Shopify (SHOP) Cost of Revenue (2024 - 2025)

Shopify has reported Cost of Revenue over the past 2 years, most recently at $4.8 billion for Q4 2025.

  • Quarterly results put Cost of Revenue at $4.8 billion for Q4 2025, up 226.78% from a year ago — trailing twelve months through Dec 2025 was $6.8 billion (up 110.91% YoY), and the annual figure for FY2025 was $6.0 billion, up 36.14%.
  • Cost of Revenue for Q4 2025 was $4.8 billion at Shopify, up from $410.0 million in the prior quarter.
  • Over the last five years, Cost of Revenue for SHOP hit a ceiling of $4.8 billion in Q4 2025 and a floor of $353.0 million in Q2 2024.