Shopify (SHOP) Revenue (2024 - 2026)
Shopify (SHOP) reported Revenue of $3.58 billion for Q2 2026, up 33.7% from $2.68 billion a year earlier and up 13.0% from the prior quarter.
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Analysis
Shopify (SHOP) Revenue (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shopify's Revenue came in at $13.27 billion, up 32.5% year-over-year; for FY2025, it was $11.56 billion, up 30.1% from FY2024.
- Revenue has increased for 12 consecutive years, with a five-year compound annual growth rate of 31.6% (FY2020 to FY2025).
- By year, Revenue came in at $8.88 billion in FY2024 (+25.8%), $7.06 billion in FY2023 (+26.1%), $5.6 billion in FY2022 (+21.4%) and $4.61 billion in FY2021 (+57.4%).
- Five-year quarterly Revenue spans a low of $1.86 billion in Q1 2024 and a high of $3.67 billion in Q4 2025.
- Year over year, Revenue has now increased in each of the last six quarters, with growth averaging 31.3% over the last six quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.17 billion (Q1 2026), $3.67 billion (Q4 2025) and $2.84 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn | 119.80 Bn |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn | 60.80 Bn |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn | 12.56 Bn |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn | 39.64 Bn |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn | 3.58 Bn |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn | 14.19 Bn |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - | 7.35 Bn |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn | 16.56 Bn |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn | 5.55 Bn |
| 10 | Airbnb | 103.26 Bn | 56.49 Bn | 2.98 Bn | 3.61 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();