Shopify (SHOP) Gross Profit (2024 - 2026)

Shopify's (SHOP) quarterly Gross Profit came in at $1.5 billion in Q1 2026, up 32.25% year-on-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.

  • On a quarterly basis, Gross Profit rose 32.25% year-over-year to $1.5 billion in Q1 2026; TTM through Mar 2026 was $5.9 billion, a 26.64% increase from a year earlier, with the FY2025 full-year figure at $5.6 billion, up 24.22% from the prior year.
  • Gross Profit eased to $1.5 billion in Q1 2026 per SHOP's latest filing, from $1.7 billion in the prior quarter.
  • Across five years, Gross Profit topped out at $1.7 billion in Q4 2025 and bottomed 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.
  • Across the five-year window, Gross Profit rose 22.15% in 2025 and soared 32.25% in 2026, its largest moves.
  • Year by year, Gross Profit stood at $1.4 billion in 2024, then climbed by 25.22% to $1.7 billion in 2025, then decreased by 8.68% to $1.5 billion in 2026.
  • Per Business Quant, the three latest SHOP Gross Profit figures stand at $1.5 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.4 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn

Historic Data

Download Data
DateValue
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