Shopify (SHOP) Revenue (2024 - 2026)

Shopify (SHOP) recorded quarterly Revenue of $3.2 billion in Q1 2026, down 13.67% quarter-over-quarter from $3.7 billion in Q4 2025, and up 34.32% on a YoY basis from $2.4 billion in Q1 2025.

Shopify (SHOP) Revenue (2024 - 2026) Analysis & Trends

Shopify's Revenue history runs 3 years deep, the most recent figure standing at $3.2 billion for Q1 2026.

  • In Q1 2026, Revenue rose 34.32% year-over-year to $3.2 billion; the TTM figure through Mar 2026 stood at $12.4 billion (up 31.85% YoY), while the FY2025 annual figure was $11.6 billion, up 30.14% from the prior year.
  • Revenue was $3.2 billion for Q1 2026 at Shopify, down from $3.7 billion in the prior quarter.
  • In the past five years, Revenue ranged from a high of $3.7 billion in Q4 2025 to a low of $1.9 billion in Q1 2024.
  • Historically, Revenue has averaged $2.6 billion across 3 years, with a median of $2.7 billion in 2025.
  • The sharpest annual moves came in 2025 and 2026: Revenue gained 26.81% in 2025, then soared 34.32% in 2026.
  • A 3-year view of Revenue shows it stood at $2.8 billion in 2024, then jumped by 30.58% to $3.7 billion in 2025, then declined by 13.67% to $3.2 billion in 2026.
  • The last three Revenue figures came in at $3.2 billion (Q1 2026), $3.7 billion (Q4 2025), and $2.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Sap Se 236.58 Bn 218.61 Bn 8.16 Bn 11.19 Bn
2 Full Truck Alliance 174.94 Bn 172.39 Bn - -
3 Uber Technologies 149.11 Bn 148.07 Bn 11.88 Bn 13.20 Bn
4 Shopify 146.47 Bn 140.73 Bn 1.55 Bn 3.17 Bn
5 Salesforce 143.14 Bn 131.30 Bn 8.56 Bn 11.13 Bn
6 ServiceNow 107.89 Bn 102.71 Bn 2.83 Bn 3.77 Bn
7 Cadence Design Systems 107.18 Bn 105.77 Bn 1.26 Bn 1.47 Bn
8 Automatic Data Processing 89.86 Bn 86.63 Bn 2.87 Bn 5.94 Bn
9 Adobe 84.54 Bn 77.65 Bn 5.73 Bn 6.40 Bn
10 Snowflake 83.49 Bn 80.54 Bn 926.45 Mn 1.39 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.17 Bn
Dec 31, 2025 3.67 Bn
Sep 30, 2025 2.84 Bn
Jun 30, 2025 2.68 Bn
Mar 31, 2025 2.36 Bn
Dec 31, 2024 2.81 Bn
Sep 30, 2024 2.16 Bn
Jun 30, 2024 2.05 Bn
Mar 31, 2024 1.86 Bn