KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Shopify (SHOP) EBITDA Margin (2016 - 2025)

Historic EBITDA Margin for Shopify (SHOP) over the last 13 years, with Q4 2025 value amounting to 20.29%.

  • Shopify's EBITDA Margin fell 253700.0% to 20.29% in Q4 2025 from the same period last year, while for Dec 2025 it was 10.75%, marking a year-over-year decrease of 118300.0%. This contributed to the annual value of 10.75% for FY2025, which is 118300.0% down from last year.
  • As of Q4 2025, Shopify's EBITDA Margin stood at 20.29%, which was down 253700.0% from 9.07% recorded in Q3 2025.
  • In the past 5 years, Shopify's EBITDA Margin registered a high of 9478.0% during Q1 2022, and its lowest value of 12901.68% during Q1 2021.
  • Its 5-year average for EBITDA Margin is 78.95%, with a median of 27.25% in 2025.
  • As far as peak fluctuations go, Shopify's EBITDA Margin plummeted by -128914600bps in 2021, and later soared by 223796900bps in 2022.
  • Shopify's EBITDA Margin (Quarter) stood at 1737.98% in 2021, then soared by 41bps to 2444.35% in 2022, then surged by 72bps to 4193.55% in 2023, then tumbled by -99bps to 45.66% in 2024, then crashed by -56bps to 20.29% in 2025.
  • Its last three reported values are 20.29% in Q4 2025, 9.07% for Q3 2025, and 34.22% during Q2 2025.