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
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