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Shopify (SHOP) Cost of Revenue (2016 - 2025)

Historic Cost of Revenue for Shopify (SHOP) over the last 13 years, with Q3 2025 value amounting to $1.5 billion.

  • Shopify's Cost of Revenue rose 3917.62% to $1.5 billion in Q3 2025 from the same period last year, while for Sep 2025 it was $5.5 billion, marking a year-over-year increase of 6769.65%. This contributed to the annual value of $4.4 billion for FY2024, which is 2434.41% up from last year.
  • Latest data reveals that Shopify reported Cost of Revenue of $1.5 billion as of Q3 2025, which was up 3917.62% from $1.4 billion recorded in Q2 2025.
  • In the past 5 years, Shopify's Cost of Revenue registered a high of $1.5 billion during Q4 2024, and its lowest value of $147.1 million during Q1 2021.
  • For the 5-year period, Shopify's Cost of Revenue averaged around $635.6 million, with its median value being $303.4 million (2022).
  • In the last 5 years, Shopify's Cost of Revenue tumbled by 539.64% in 2023 and then skyrocketed by 21498.26% in 2024.
  • Quarter analysis of 5 years shows Shopify's Cost of Revenue stood at $218.5 million in 2021, then rose by 0.37% to $219.3 million in 2022, then surged by 46.34% to $321.0 million in 2023, then surged by 354.83% to $1.5 billion in 2024, then fell by 0.48% to $1.5 billion in 2025.
  • Its Cost of Revenue was $1.5 billion in Q3 2025, compared to $1.4 billion in Q2 2025 and $1.2 billion in Q1 2025.