Shopify (SHOP) Revenue (2024 - 2026)
Shopify's (SHOP) quarterly Revenue came in at $3.2 billion in Q1 2026, up 34.32% year-on-year from $2.4 billion in Q1 2025, and down 13.67% quarter-over-quarter from $3.7 billion in Q4 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.
- On a quarterly basis, Revenue rose 34.32% year-over-year to $3.2 billion in Q1 2026; TTM through Mar 2026 was $12.4 billion, a 31.85% increase from a year earlier, with the FY2025 full-year figure at $11.6 billion, up 30.14% from the prior year.
- Revenue slipped to $3.2 billion in Q1 2026 per SHOP's latest filing, from $3.7 billion in the prior quarter.
- Across five years, Revenue topped out at $3.7 billion in Q4 2025 and bottomed at $1.9 billion in Q1 2024.
- The 3-year median for Revenue is $2.7 billion (2025), against an average of $2.6 billion.
- Across the five-year window, Revenue climbed 26.81% in 2025 and surged 34.32% in 2026, its largest moves.
- Year by year, Revenue 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.
- Per Business Quant, the three latest SHOP Revenue figures stand at $3.2 billion (Q1 2026), $3.7 billion (Q4 2025), and $2.8 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 11.19 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 3.17 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 13.20 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 11.13 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 3.99 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 5.94 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.39 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.47 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 1.01 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |