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| 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 |