Shopify (SHOP) EBT Margin (2024 - 2026)

Shopify has reported EBT Margin for 3 years, with the latest figure at 49.54% in Q2 2026.

• On a quarterly basis, EBT Margin rose 928.0% year-over-year to 49.54% in Q2 2026; TTM through Jun 2026 was 17.64%, a 822.0% decrease from a year earlier, with the FY2025 full-year figure at 13.06%, down 1203.0% from the prior year.
• EBT Margin was 49.54% for Q2 2026 at Shopify, up from 20.0% 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 15.88%, with a median of 17.56% recorded in 2025.
• The largest YoY upside for EBT Margin was 3033 bps in 2025 against a maximum downside of 2895 bps in 2025.
• Over 3 years, EBT Margin stood at 50.53% in 2024, then tumbled by 52 bps to 24.29% in 2025, then soared by 104 bps to 49.54% in 2026.
• The last three EBT Margin figures came in at 49.54% (Q2 2026), 20.0% (Q1 2026), and 24.29% (Q4 2025), per Business Quant data.