KPIs & Operating Metrics(New)
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Consolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest & Investment IncomeNet Income towards Common StockholdersNon Operating IncomeNon Operating Investment IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
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Shopify (SHOP) Research & Development (2024 - 2025)

Shopify has reported Research & Development over the past 2 years, most recently at $390.0 million for Q4 2025.

  • Quarterly results put Research & Development at $390.0 million for Q4 2025, up 11.11% from a year ago — trailing twelve months through Dec 2025 was $1.5 billion (up 12.36% YoY), and the annual figure for FY2025 was $1.5 billion, up 12.36%.
  • Research & Development for Q4 2025 was $390.0 million at Shopify, up from $375.0 million in the prior quarter.
  • Over the last five years, Research & Development for SHOP hit a ceiling of $394.0 million in Q2 2025 and a floor of $332.0 million in Q3 2024.