Shopify (SHOP) Gross Profit (2024 - 2026)
Shopify (SHOP) posted quarterly Gross Profit of $1.5 billion for Q1 2026, up 32.25% year-over-year from $1.2 billion in Q1 2025, and down 8.68% quarter-over-quarter from $1.7 billion in Q4 2025.
Shopify (SHOP) Gross Profit (2024 - 2026) Analysis & Trends
Shopify's Gross Profit history runs 3 years deep, the most recent figure standing at $1.5 billion for Q1 2026.
- In Q1 2026, Gross Profit rose 32.25% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $5.9 billion (up 26.64% YoY), while the FY2025 annual figure was $5.6 billion, up 24.22% from the prior year.
- Gross Profit for Q1 2026 stood at $1.5 billion, down from $1.7 billion in the prior quarter.
- The five-year high for Gross Profit was $1.7 billion in Q4 2025, with the low at $957.0 million in Q1 2024.
- The 3-year median for Gross Profit is $1.3 billion (2025), against an average of $1.3 billion.
- The sharpest annual moves came in 2025 and 2026: Gross Profit climbed 22.15% in 2025, then soared 32.25% in 2026.
- Shopify's Gross Profit stood at $1.4 billion in 2024, then advanced by 25.22% to $1.7 billion in 2025, then retreated by 8.68% to $1.5 billion in 2026.
- Business Quant data shows SHOP's Gross Profit at $1.5 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.4 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71 Bn |
| Jun 30, 2026 | 1.71 Bn |
| Mar 31, 2026 | 1.55 Bn |
| Mar 31, 2026 | 1.55 Bn |
| Dec 31, 2025 | 1.69 Bn |
| Dec 31, 2025 | 1.69 Bn |
| Sep 30, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.39 Bn |
| Jun 30, 2025 | 1.30 Bn |
| Jun 30, 2025 | 1.30 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Dec 31, 2024 | 1.35 Bn |
| Dec 31, 2024 | 1.35 Bn |
| Sep 30, 2024 | 1.12 Bn |
| Sep 30, 2024 | 1.12 Bn |
| Jun 30, 2024 | 1.05 Bn |
| Jun 30, 2024 | 1.05 Bn |
| Mar 31, 2024 | 957.00 Mn |
| Mar 31, 2024 | 957.00 Mn |