Shopify (SHOP) EBITDA Margin (2024 - 2026)

Shopify has reported EBITDA Margin for 3 years, with the latest figure at 13.62% in Q2 2026.

• On a quarterly basis, EBITDA Margin rose 276.0% year-over-year to 13.62% in Q2 2026; TTM through Jun 2026 was 13.9%, a 149.0% increase from a year earlier, with the FY2025 full-year figure at 12.7%, up 60.0% from the prior year.
• EBITDA Margin was 13.62% for Q2 2026 at Shopify, up from 12.05% in the prior quarter.
• The five-year high for EBITDA Margin was 17.18% in Q4 2025, with the low at 4.62% in Q1 2024.
• Average EBITDA Margin over 3 years is 12.04%, with a median of 12.06% recorded in 2025.
• The largest YoY upside for EBITDA Margin was 398 bps in 2025 against a maximum downside of 103 bps in 2025.
• Over 3 years, EBITDA Margin stood at 16.54% in 2024, then gained by 4 bps to 17.18% in 2025, then slipped by 21 bps to 13.62% in 2026.
• The last three EBITDA Margin figures came in at 13.62% (Q2 2026), 12.05% (Q1 2026), and 17.18% (Q4 2025), per Business Quant data.