KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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 - 2026)

Shopify (SHOP) has disclosed Operating Margin for 2 consecutive years, with 17.18% as the latest value for Q4 2025.

  • For Q4 2025, Operating Margin rose 65.0% year-over-year to 17.18%; the TTM value through Dec 2025 reached 12.7%, up 60.0%, while the annual FY2025 figure was 12.7%, 60.0% up from the prior year.
  • Operating Margin hit 17.18% in Q4 2025 for Shopify, up from 12.06% in the prior quarter.
  • Across five years, Operating Margin topped out at 17.18% in Q4 2025 and bottomed at 4.62% in Q1 2024.