Shopify (SHOP) Revenue (2024 - 2026)
Shopify (SHOP) posted Revenue of $3.6 billion for Q2 2026, up 13.03% on a QoQ basis from $3.2 billion in Q1 2026, and up 33.69% year-over-year from $2.7 billion in Q2 2025.
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Analysis
Shopify (SHOP) Revenue (2024 - 2026) Analysis & Trends
Shopify has reported Revenue for 3 years, with the latest figure at $3.6 billion in Q2 2026.
- On a quarterly basis, Revenue rose 33.69% year-over-year to $3.6 billion in Q2 2026; TTM through Jun 2026 was $13.3 billion, a 32.5% increase from a year earlier, with the FY2025 full-year figure at $11.6 billion, up 30.14% from the prior year.
- Revenue was $3.6 billion for Q2 2026 at Shopify, up from $3.2 billion in the prior quarter.
- The five-year high for Revenue was $3.7 billion in Q4 2025, with the low at $1.9 billion in Q1 2024.
- Average Revenue over 3 years is $2.7 billion, with a median of $2.7 billion recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Revenue advanced 26.81% in 2025, then jumped 34.32% in 2026.
- Over 3 years, Revenue stood at $2.8 billion in 2024, then surged by 30.58% to $3.7 billion in 2025, then slipped by 2.42% to $3.6 billion in 2026.
- The last three Revenue figures came in at $3.6 billion (Q2 2026), $3.2 billion (Q1 2026), and $3.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn | 119.80 Bn |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn | 60.80 Bn |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn | 12.56 Bn |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn | 39.64 Bn |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn | 3.58 Bn |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn | 14.19 Bn |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn | 7.35 Bn |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn | 16.56 Bn |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn | 1.92 Bn |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn | 5.55 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.58 Bn |
| 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 |
API Access
Shopify Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=revenue&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=revenue&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();