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Shopify (SHOP) Research & Development (2016 - 2025)

Historic Research & Development for Shopify (SHOP) over the last 13 years, with Q4 2025 value amounting to $390.0 million.

  • Shopify's Research & Development rose 1111.11% to $390.0 million in Q4 2025 from the same period last year, while for Dec 2025 it was $1.5 billion, marking a year-over-year increase of 1236.28%. This contributed to the annual value of $1.5 billion for FY2025, which is 1236.28% up from last year.
  • Per Shopify's latest filing, its Research & Development stood at $390.0 million for Q4 2025, which was up 1111.11% from $375.0 million recorded in Q3 2025.
  • In the past 5 years, Shopify's Research & Development registered a high of $648.0 million during Q2 2023, and its lowest value of $139.0 million during Q1 2021.
  • Over the past 5 years, Shopify's median Research & Development value was $333.5 million (recorded in 2024), while the average stood at $330.0 million.
  • Per our database at Business Quant, Shopify's Research & Development soared by 13831.85% in 2023 and then crashed by 4614.2% in 2024.
  • Shopify's Research & Development (Quarter) stood at $217.3 million in 2021, then soared by 49.35% to $324.6 million in 2022, then surged by 99.66% to $648.0 million in 2023, then plummeted by 45.83% to $351.0 million in 2024, then increased by 11.11% to $390.0 million in 2025.
  • Its last three reported values are $390.0 million in Q4 2025, $375.0 million for Q3 2025, and $394.0 million during Q2 2025.