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Shopify (SHOP) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Shopify (SHOP) over the last 13 years, with Q4 2025 value amounting to $1.1 billion.

  • Shopify's Operating Expenses rose 1972.94% to $1.1 billion in Q4 2025 from the same period last year, while for Dec 2025 it was $4.1 billion, marking a year-over-year increase of 2031.2%. This contributed to the annual value of $4.1 billion for FY2025, which is 2031.2% up from last year.
  • As of Q4 2025, Shopify's Operating Expenses stood at $1.1 billion, which was up 1972.94% from $1.0 billion recorded in Q3 2025.
  • Shopify's 5-year Operating Expenses high stood at $2.5 billion for Q2 2023, and its period low was $347.5 million during Q1 2021.
  • In the last 5 years, Shopify's Operating Expenses had a median value of $819.5 million in 2024 and averaged $867.7 million.
  • Per our database at Business Quant, Shopify's Operating Expenses soared by 27245.58% in 2023 and then crashed by 6746.26% in 2024.
  • Shopify's Operating Expenses (Quarter) stood at $538.1 million in 2021, then soared by 35.17% to $727.3 million in 2022, then surged by 239.74% to $2.5 billion in 2023, then plummeted by 64.1% to $887.0 million in 2024, then grew by 19.73% to $1.1 billion in 2025.
  • Its Operating Expenses stands at $1.1 billion for Q4 2025, versus $1.0 billion for Q3 2025 and $1.0 billion for Q2 2025.