Growth Metrics

Shopify (SHOP) Operating Expenses (2024 - 2026)

Shopify (SHOP) has disclosed Operating Expenses for 2 consecutive years, with $1.1 billion as the latest value for Q4 2025.

  • For Q4 2025, Operating Expenses rose 19.73% year-over-year to $1.1 billion; the TTM value through Dec 2025 reached $4.1 billion, up 20.31%, while the annual FY2025 figure was $4.1 billion, 20.31% up from the prior year.
  • Operating Expenses hit $1.1 billion in Q4 2025 for Shopify, up from $1.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.1 billion in Q4 2025 and bottomed at $804.0 million in Q2 2024.