KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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 Q3 2025 value amounting to 48.91%.

  • Shopify's Gross Margin fell 28000.0% to 48.91% in Q3 2025 from the same period last year, while for Sep 2025 it was 48.75%, marking a year-over-year decrease of 164300.0%. This contributed to the annual value of 50.36% for FY2024, which is 5700.0% up from last year.
  • According to the latest figures from Q3 2025, Shopify's Gross Margin is 48.91%, which was down 28000.0% from 48.58% recorded in Q2 2025.
  • Shopify's 5-year Gross Margin high stood at 51.71% for Q3 2024, and its period low was 5740.43% during Q1 2021.
  • Its 5-year average for Gross Margin is 1664.57%, with a median of 1707.14% in 2023.
  • Within the past 5 years, the most significant YoY rise in Shopify's Gross Margin was 50385500bps (2021), while the steepest drop was -57951000bps (2021).
  • Quarter analysis of 5 years shows Shopify's Gross Margin stood at 2571.5% in 2021, then grew by 7bps to 2387.95% in 2022, then decreased by -13bps to 2693.55% in 2023, then skyrocketed by 102bps to 48.08% in 2024, then grew by 2bps to 48.91% in 2025.
  • Its Gross Margin was 48.91% in Q3 2025, compared to 48.58% in Q2 2025 and 49.53% in Q1 2025.