Shopify (SHOP) Revenue (2024 - 2026)
Shopify (SHOP) posted quarterly Revenue of $3.2 billion for Q1 2026, up 34.32% year-over-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.
- 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 for Q1 2026 stood at $3.2 billion, down from $3.7 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.
- The 3-year median for Revenue is $2.7 billion (2025), against an average of $2.6 billion.
- The sharpest annual moves came in 2025 and 2026: Revenue rose 26.81% in 2025, then surged 34.32% in 2026.
- Shopify's Revenue stood at $2.8 billion in 2024, then soared by 30.58% to $3.7 billion in 2025, then dropped by 13.67% to $3.2 billion in 2026.
- Business Quant data shows SHOP's Revenue at $3.2 billion in Q1 2026, $3.7 billion in Q4 2025, and $2.8 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 22.59 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 3.58 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 11.13 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 14.19 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 3.99 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.39 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 5.47 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 6.62 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 8.56 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 1.12 Bn |
Historic Data
Download 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 |