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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 - 2026)

Shopify (SHOP) has disclosed Gross Margin for 2 consecutive years, with 46.11% as the latest value for Q4 2025.

  • For Q4 2025, Gross Margin fell 197.0% year-over-year to 46.11%; the TTM value through Dec 2025 reached 48.07%, down 229.0%, while the annual FY2025 figure was 48.07%, 229.0% down from the prior year.
  • Gross Margin hit 46.11% in Q4 2025 for Shopify, down from 48.91% in the prior quarter.
  • Across five years, Gross Margin topped out at 51.71% in Q3 2024 and bottomed at 46.11% in Q4 2025.