Growth Metrics

Shopify (SHOP) EBITDA Margin (2024 - 2026)

Shopify (SHOP) has disclosed EBITDA Margin for 2 consecutive years, with 20.29% as the latest value for Q4 2025.

  • For Q4 2025, EBITDA Margin fell 2537.0% year-over-year to 20.29%; the TTM value through Dec 2025 reached 10.75%, down 1183.0%, while the annual FY2025 figure was 10.75%, 1183.0% down from the prior year.
  • EBITDA Margin hit 20.29% in Q4 2025 for Shopify, up from 9.07% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 45.66% in Q4 2024 and bottomed at 28.73% in Q1 2025.