Shopify (SHOP) Selling, General & Administrative (2024 - 2026)
Shopify (SHOP) posted Selling, General & Administrative of $136 million for Q2 2026, up 11.5% from $122 million a year earlier and up 18.3% from the prior quarter.
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Analysis
Shopify (SHOP) Selling, General & Administrative (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Selling, General & Administrative at Shopify was $491 million, up 7.4% year-over-year; for FY2025, it was $471 million, up 14.9% from FY2024.
- Annual Selling, General & Administrative shows a five-year compound annual growth rate of 13.9% (FY2020 to FY2025).
- In prior years, Shopify's Selling, General & Administrative was $410 million in FY2024 (-16.5%), $491 million in FY2023 (-30.6%), $708 million in FY2022 (+88.9%) and $374.84 million in FY2021 (+52.8%).
- The Q2 2026 figure stands as the highest quarterly Selling, General & Administrative in data going back to Q1 2024.
- On a year-over-year basis, Selling, General & Administrative has increased in each of the last five quarters, with growth averaging 20.1% over the last six quarters.
- According to Business Quant data, Selling, General & Administrative for the three prior quarters was $115 million (Q1 2026), $125 million (Q4 2025) and $115 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn | 6.46 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn | 5.61 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn | 498.85 Mn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn | -1.87 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn | 136.00 Mn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn | 935.00 Mn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - | 217.00 Mn |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn | -345.00 Mn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn | 172.03 Mn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn | 309.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 136.00 Mn |
| Mar 31, 2026 | 115.00 Mn |
| Dec 31, 2025 | 125.00 Mn |
| Sep 30, 2025 | 115.00 Mn |
| Jun 30, 2025 | 122.00 Mn |
| Mar 31, 2025 | 109.00 Mn |
| Dec 31, 2024 | 112.00 Mn |
| Sep 30, 2024 | 114.00 Mn |
| Jun 30, 2024 | 60.00 Mn |
| Mar 31, 2024 | 124.00 Mn |
API Access
Shopify Selling, General & Administrative 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=selling-general-and-administrative&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "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=selling-general-and-administrative&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();