Shopify (SHOP) EBT Margin (2014 - 2026)
Shopify's quarterly EBT Margin came in at 20.0% in Q1 2026, up 1263.0% year-on-year from 1.47% in Q1 2025, and down 182.33% quarter-over-quarter from 24.29% in Q4 2025.
Shopify has reported EBT Margin for 10 years, with the latest figure at 20.0% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin rose 1263.0% year-over-year to 20.0%; the trailing twelve-month figure through Mar 2026 stood at 13.3% (down 497.0% YoY), and the FY2025 full-year result was 13.06%, down 1203.0% from the prior year.
- EBT Margin for Q1 2026 stood at 20.0%, down from 24.29% in the prior quarter.
- The five-year high for EBT Margin was 50.53% in Q4 2024, with the low at 32.63% in Q1 2025.
- Average EBT Margin over 3 years is 12.14%, with a median of 10.83% recorded in 2025.
- Peak annual rise in EBT Margin reached 3033 bps in 2025, while the deepest fall reached 2895 bps in 2025.
- Tracing SHOP's EBT Margin over 3 years: stood at 50.53% in 2024, then tumbled by 52 bps to 24.29% in 2025, then slumped by 182 bps to 20.0% in 2026.
- The last three EBT Margin figures came in at 20.0% (Q1 2026), 24.29% (Q4 2025), and 10.83% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.74% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 23.39% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 3.76% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -20.00% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 17.85% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.04% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.86% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 30.00% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 47.29% |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 5.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -20.00% |
| Dec 31, 2025 | 24.29% |
| Sep 30, 2025 | 10.83% |
| Jun 30, 2025 | 40.26% |
| Mar 31, 2025 | -32.63% |
| Dec 31, 2024 | 50.53% |
| Sep 30, 2024 | 39.78% |
| Jun 30, 2024 | 9.93% |
| Mar 31, 2024 | -13.76% |
| Mar 31, 2020 | -12.79% |
| Dec 31, 2019 | -3.67% |
| Sep 30, 2019 | -6.26% |
| Jun 30, 2019 | -7.92% |
| Mar 31, 2019 | -7.54% |
| Dec 31, 2018 | -0.44% |
| Sep 30, 2018 | -8.58% |
| Jun 30, 2018 | -12.56% |
| Mar 31, 2018 | -9.49% |
| Dec 31, 2017 | -2.74% |
| Sep 30, 2017 | -5.90% |
| Jun 30, 2017 | -10.49% |
| Mar 31, 2017 | -11.35% |
| Dec 31, 2016 | -7.14% |
| Sep 30, 2016 | -9.53% |
| Jun 30, 2016 | -9.99% |
| Mar 31, 2016 | -13.35% |
| Dec 31, 2015 | -9.29% |
| Sep 30, 2015 | -8.15% |
| Jun 30, 2015 | -7.70% |
| Mar 31, 2015 | -9.31% |
| Dec 31, 2014 | -12.78% |
| Sep 30, 2014 | -15.03% |
| Jun 30, 2014 | -29.73% |