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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) Operating Margin (2024 - 2025)

Shopify has reported Operating Margin over the past 2 years, most recently at 17.18% for Q4 2025.

  • Quarterly results put Operating Margin at 17.18% for Q4 2025, up 65.0% from a year ago — trailing twelve months through Dec 2025 was 12.7% (up 60.0% YoY), and the annual figure for FY2025 was 12.7%, up 60.0%.
  • Operating Margin for Q4 2025 was 17.18% at Shopify, up from 12.06% in the prior quarter.
  • Over the last five years, Operating Margin for SHOP hit a ceiling of 17.18% in Q4 2025 and a floor of 4.62% in Q1 2024.