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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) Gross Margin (2024 - 2025)

Shopify has reported Gross Margin over the past 2 years, most recently at 46.11% for Q4 2025.

  • Quarterly results put Gross Margin at 46.11% for Q4 2025, down 197.0% from a year ago — trailing twelve months through Dec 2025 was 48.07% (down 229.0% YoY), and the annual figure for FY2025 was 48.07%, down 229.0%.
  • Gross Margin for Q4 2025 was 46.11% at Shopify, down from 48.91% in the prior quarter.
  • Over the last five years, Gross Margin for SHOP hit a ceiling of 51.71% in Q3 2024 and a floor of 46.11% in Q4 2025.