Shopify (SHOP) Gross Profit (2024 - 2026)
Shopify (SHOP) posted Gross Profit of $1.7 billion for Q2 2026, up 10.48% on a QoQ basis from $1.5 billion in Q1 2026, and up 31.18% year-over-year from $1.3 billion in Q2 2025.
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Analysis
Shopify (SHOP) Gross Profit (2024 - 2026) Analysis & Trends
Shopify has reported Gross Profit for 3 years, with the latest figure at $1.7 billion in Q2 2026.
- On a quarterly basis, Gross Profit rose 31.18% year-over-year to $1.7 billion in Q2 2026; TTM through Jun 2026 was $6.3 billion, a 28.27% increase from a year earlier, with the FY2025 full-year figure at $5.6 billion, up 24.22% from the prior year.
- Gross Profit was $1.7 billion for Q2 2026 at Shopify, up from $1.5 billion in the prior quarter.
- The five-year high for Gross Profit was $1.7 billion in Q2 2026, with the low at $957.0 million in Q1 2024.
- Average Gross Profit over 3 years is $1.3 billion, with a median of $1.3 billion recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Gross Profit increased 22.15% in 2025, then surged 32.25% in 2026.
- Over 3 years, Gross Profit stood at $1.4 billion in 2024, then grew by 25.22% to $1.7 billion in 2025, then rose by 0.89% to $1.7 billion in 2026.
- The last three Gross Profit figures came in at $1.7 billion (Q2 2026), $1.5 billion (Q1 2026), and $1.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71 Bn |
| Mar 31, 2026 | 1.55 Bn |
| Dec 31, 2025 | 1.69 Bn |
| Sep 30, 2025 | 1.39 Bn |
| Jun 30, 2025 | 1.30 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Dec 31, 2024 | 1.35 Bn |
| Sep 30, 2024 | 1.12 Bn |
| Jun 30, 2024 | 1.05 Bn |
| Mar 31, 2024 | 957.00 Mn |
API Access
Shopify Gross Profit API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-profit&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-profit&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();