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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 (2016 - 2025)

Historic Operating Margin for Shopify (SHOP) over the last 13 years, with Q3 2025 value amounting to 12.06%.

  • Shopify's Operating Margin fell 10300.0% to 12.06% in Q3 2025 from the same period last year, while for Sep 2025 it was 12.17%, marking a year-over-year increase of 290800.0%. This contributed to the annual value of 12.11% for FY2024, which is 321900.0% up from last year.
  • According to the latest figures from Q3 2025, Shopify's Operating Margin is 12.06%, which was down 10300.0% from 10.86% recorded in Q2 2025.
  • Shopify's Operating Margin's 5-year high stood at 5277.42% during Q2 2023, with a 5-year trough of 1221.61% in Q1 2021.
  • Its 5-year average for Operating Margin is 353.48%, with a median of 13.09% in 2024.
  • Its Operating Margin has fluctuated over the past 5 years, first surged by 48192100bps in 2023, then plummeted by -52656300bps in 2024.
  • Shopify's Operating Margin (Quarter) stood at 53.47% in 2021, then soared by 1156bps to 564.46% in 2022, then soared by 835bps to 5277.42% in 2023, then tumbled by -100bps to 16.54% in 2024, then decreased by -27bps to 12.06% in 2025.
  • Its Operating Margin stands at 12.06% for Q3 2025, versus 10.86% for Q2 2025 and 8.6% for Q1 2025.