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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 (2016 - 2025)

Historic Gross Margin for Shopify (SHOP) over the last 13 years, with Q4 2025 value amounting to 46.11%.

  • Shopify's Gross Margin fell 19700.0% to 46.11% in Q4 2025 from the same period last year, while for Dec 2025 it was 48.07%, marking a year-over-year decrease of 22900.0%. This contributed to the annual value of 48.07% for FY2025, which is 22900.0% down from last year.
  • As of Q4 2025, Shopify's Gross Margin stood at 46.11%, which was down 19700.0% from 48.91% recorded in Q3 2025.
  • Shopify's Gross Margin's 5-year high stood at 51.71% during Q3 2024, with a 5-year trough of 5740.43% in Q1 2021.
  • Moreover, its 5-year median value for Gross Margin was 1643.29% (2022), whereas its average is 1571.28%.
  • The largest annual percentage gain for Shopify's Gross Margin in the last 5 years was 50385500bps (2021), contrasted with its biggest fall of -57951000bps (2021).
  • Over the past 5 years, Shopify's Gross Margin (Quarter) stood at 2571.5% in 2021, then increased by 7bps to 2387.95% in 2022, then fell by -13bps to 2693.55% in 2023, then surged by 102bps to 48.08% in 2024, then fell by -4bps to 46.11% in 2025.
  • Its Gross Margin was 46.11% in Q4 2025, compared to 48.91% in Q3 2025 and 48.58% in Q2 2025.