Shopify (SHOP) Revenue (2013 - 2025)
Shopify's (SHOP) annual Revenue came in at $11.6 billion in FY2025, up 30.14% year-over-year from $8.9 billion in FY2024.
Shopify (SHOP) Revenue (2013 - 2025) Analysis & Trends
Shopify's Revenue history runs 13 years deep, the most recent figure standing at $11.6 billion for FY2025.
- 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 rose to $11.6 billion in FY2025 per SHOP's latest filing, from $8.9 billion in the prior year.
- Across five years, Revenue topped out at $11.6 billion in FY2025 and bottomed at $4.6 billion in FY2021.
- The 5-year median for Revenue is $7.1 billion (2023), against an average of $7.5 billion.
- Across the five-year window, Revenue surged 57.43% in 2021 and grew 21.43% in 2022, its largest moves.
- Year by year, Revenue stood at $4.6 billion in 2021, then rose by 21.43% to $5.6 billion in 2022, then advanced by 26.07% to $7.1 billion in 2023, then gained by 25.78% to $8.9 billion in 2024, then jumped by 30.14% to $11.6 billion in 2025.
- Per Business Quant, the three latest SHOP Revenue figures stand at $11.6 billion (FY2025), $8.9 billion (FY2024), and $7.1 billion (FY2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Yr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | - |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | - |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | - |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | - |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | - |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | - |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | - |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 11.56 Bn |
| Dec 31, 2024 | 8.88 Bn |
| Dec 31, 2023 | 7.06 Bn |
| Dec 31, 2022 | 5.60 Bn |
| Dec 31, 2021 | 4.61 Bn |
| Dec 31, 2020 | 2.93 Bn |
| Dec 31, 2019 | 1.58 Bn |
| Dec 31, 2018 | 1.07 Bn |
| Dec 31, 2017 | 673.30 Mn |
| Dec 31, 2016 | 389.33 Mn |
| Dec 31, 2015 | 93.25 Mn |
| Dec 31, 2014 | 38.35 Mn |
| Dec 31, 2013 | 11.91 Mn |