Shopify (SHOP) Other Operating Expenses (2024 - 2026)
Shopify (SHOP) recorded Other Operating Expenses of $639 million in Q2 2026, up 29.1% from $495 million a year earlier and up 4.4% from the prior quarter.
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Analysis
Shopify (SHOP) Other Operating Expenses (2024 - 2026) Analysis & Trends
On a TTM basis, Shopify's Other Operating Expenses came in at $2.36 billion as of Jun 30, 2026, up 31.8% year-over-year; for FY2025, it was $2.08 billion, up 28.4% from FY2024.
- Annual Other Operating Expenses has a five-year compound annual growth rate of 26.0% (FY2020 to FY2025).
- Across earlier years, Other Operating Expenses came in at $1.62 billion in FY2024 (-40.3%), $2.71 billion in FY2023 (+98.7%), $1.37 billion in FY2022 (+38.8%) and $983.27 million in FY2021 (+50.4%).
- The Q2 2026 figure is the highest quarterly Other Operating Expenses in data going back to Q1 2024.
- On a year-over-year basis, Other Operating Expenses has increased for six consecutive quarters, with growth averaging 28.5% over the last six quarters.
- Per Business Quant, the preceding three quarters came in at $612 million (Q1 2026), $547 million (Q4 2025) and $558 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 639.00 Mn |
| Mar 31, 2026 | 612.00 Mn |
| Dec 31, 2025 | 547.00 Mn |
| Sep 30, 2025 | 558.00 Mn |
| Jun 30, 2025 | 495.00 Mn |
| Mar 31, 2025 | 480.00 Mn |
| Dec 31, 2024 | 424.00 Mn |
| Sep 30, 2024 | 389.00 Mn |
| Jun 30, 2024 | 395.00 Mn |
| Mar 31, 2024 | 412.00 Mn |
API Access
Shopify Other Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();