Shopify (SHOP) Gross Profit (2024 - 2026)
Shopify's Gross Profit was $1.71 billion in Q2 2026, up 31.2% from $1.3 billion a year earlier and up 10.5% from the prior quarter.
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Analysis
Shopify (SHOP) Gross Profit (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shopify's Gross Profit was $6.34 billion through Jun 30, 2026, up 28.3% year-over-year; for FY2025, it was $5.56 billion, up 24.2% from FY2024.
- Gross Profit has now increased for 12 consecutive years, with a five-year compound annual growth rate of 29.2% (FY2020 to FY2025).
- In earlier years, Gross Profit was $4.47 billion in FY2024 (+27.2%), $3.52 billion in FY2023 (+27.6%), $2.75 billion in FY2022 (+11.0%) and $2.48 billion in FY2021 (+61.0%).
- The Q2 2026 figure marks the highest quarterly Gross Profit in data going back to Q1 2024.
- Compared with a year earlier, Gross Profit has increased for six straight quarters, with growth averaging 26.6% over the last six quarters.
- Per Business Quant data, SHOP's Gross Profit in the three quarters before Q2 2026 was $1.55 billion (Q1 2026), $1.69 billion (Q4 2025) and $1.39 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn |
| 10 | Airbnb | 103.26 Bn | 56.49 Bn | 2.98 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();