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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) Net Margin (2016 - 2025)

Historic Net Margin for Shopify (SHOP) over the last 13 years, with Q4 2025 value amounting to 35.38%.

  • Shopify's Net Margin fell 254700.0% to 35.38% in Q4 2025 from the same period last year, while for Dec 2025 it was 15.46%, marking a year-over-year decrease of 119800.0%. This contributed to the annual value of 15.46% for FY2025, which is 119800.0% down from last year.
  • Shopify's Net Margin amounted to 35.38% in Q4 2025, which was down 254700.0% from 9.28% recorded in Q3 2025.
  • Shopify's Net Margin's 5-year high stood at 9334.35% during Q1 2022, with a 5-year trough of 15212.61% in Q1 2021.
  • Over the past 5 years, Shopify's median Net Margin value was 21.54% (recorded in 2025), while the average stood at 516.53%.
  • As far as peak fluctuations go, Shopify's Net Margin plummeted by -151937100bps in 2021, and later surged by 245469600bps in 2022.
  • Shopify's Net Margin (Quarter) stood at 808.84% in 2021, then soared by 324bps to 1810.83% in 2022, then skyrocketed by 130bps to 4164.52% in 2023, then tumbled by -99bps to 60.85% in 2024, then tumbled by -42bps to 35.38% in 2025.
  • Its Net Margin was 35.38% in Q4 2025, compared to 9.28% in Q3 2025 and 33.81% in Q2 2025.