Shopify Growth Metrics (2015-2025) | SHOP

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Growth Metrics Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025 Dec2025
Growth Ratios
Assets Growth (1y) (Quarter) 156.02%101.29%127.00%102.48%54.76%122.47%71.85%-19.36%5.04%23.23%9.09%
Assets Growth (3y) (Quarter) 127.01%109.93%92.32%91.03%80.86%45.54%13.33%1.44%12.19%
Assets Growth (5y) (Quarter) 105.51%99.82%93.60%57.40%38.03%31.89%14.37%
Assets (QoQ) (Quarter) -3.76%8.66%3.28%1.00%
Capital Expenditures Growth (1y) (Quarter) -33.33%-14.29%200.00%150.00%
Capital Expenditures (QoQ) (Quarter) 16.67%-71.43%100.00%0.00%50.00%0.00%66.67%
Cash & Equivalents Growth (1y) (Quarter) 162.37%-23.67%68.64%189.87%58.25%315.99%-7.42%-34.12%-14.31%6.02%3.14%
Cash & Equivalents Growth (3y) (Quarter) 50.03%55.10%97.77%167.23%82.66%36.39%-19.45%-15.73%-2.15%
Cash & Equivalents Growth (5y) (Quarter) 72.99%89.69%97.16%63.37%28.03%18.18%-10.59%
Cash & Equivalents (QoQ) (Quarter) -12.62%17.80%56.55%-36.00%
Cash from Investing Activities Growth (1y) (Quarter) -2,192.59%40.57%170.68%1.06%
Cash from Investing Activities (QoQ) (Quarter) -1,470.37%-11.79%-39.45%6.35%59.29%232.94%-295.22%
Cash from Operations Growth (1y) (Quarter) 54.20%25.88%21.28%17.89%
Cash from Operations (QoQ) (Quarter) 42.86%24.41%45.39%-40.33%16.62%19.86%41.33%
EBITDA Margin Growth (1y) (Quarter) -1363.002,590.00-2941.00-2537.00
EBITDA Margin (QoQ) (Quarter) 2,341.003,017.00718.00-7439.006,295.00-2514.001,122.00
EBIT Growth (1y) (Quarter) 136.05%20.75%21.20%35.70%
EBIT Margin Growth (1y) (Quarter) 398.00-93.00-103.0065.00
EBIT Margin (QoQ) (Quarter) 716.00130.00345.00-793.00226.00120.00512.00
EBIT (QoQ) (Quarter) 180.23%17.43%64.31%-56.34%43.35%17.87%83.97%
EBT Growth (1y) (Quarter) -200.78%431.53%-64.19%-37.23%
EBT Margin Growth (1y) (Quarter) -1887.003,033.00-2895.00-2624.00
EBT Margin (QoQ) (Quarter) 2,368.002,985.001,076.00-8316.007,289.00-2943.001,346.00
EBT (QoQ) (Quarter) 179.30%323.65%65.23%-154.19%240.13%-71.46%189.61%
Enterprise Value Growth (1y) (Quarter) -218.75%-106.35%-139.04%-109.98%-24.65%-160.18%-21.61%34.95%0.89%-9.40%-5.46%
Enterprise Value Growth (3y) (Quarter) -150.52%-117.98%-84.27%-89.55%-57.99%-27.20%7.79%10.99%-4.57%
Enterprise Value Growth (5y) (Quarter) -110.32%-101.95%-81.68%-40.04%-20.52%-17.41%1.99%
Enterprise Value (QoQ) (Quarter) -0.64%-5.55%-9.09%8.99%
EPS (Basic) Growth (1y) (Quarter) -152.38%438.46%-68.75%-43.56%
EPS (Basic) (QoQ) (Quarter) 161.90%392.31%57.81%-152.48%232.08%-71.43%185.00%
EPS (Weighted Average and Diluted) Growth (1y) (Quarter) -152.38%430.77%-68.75%-42.42%
EPS (Weighted Average and Diluted) (QoQ) (Quarter) 161.90%392.31%54.69%-153.54%230.19%-71.01%185.00%
FCF Margin Growth (1y) (Quarter) 291.00-54.00-165.00-226.00
FCF Margin (QoQ) (Quarter) 382.00319.00226.00-635.0036.00208.00164.00
Free Cash Flow Growth (1y) (Quarter) 56.47%26.73%20.43%17.02%
Free Cash Flow (QoQ) (Quarter) 43.53%26.43%45.13%-40.59%16.25%20.14%41.03%
Gross Margin Growth (1y) (Quarter) -189.00-252.00-280.00-197.00
Gross Margin (QoQ) (Quarter) -32.0061.00-363.00145.00-95.0033.00-280.00
Gross Profit Growth (1y) (Quarter) 22.15%24.59%24.42%25.22%
Gross Profit (QoQ) (Quarter) 9.20%6.99%20.93%-13.54%11.38%6.84%21.71%
Net Cash Flow Growth (1y) (Quarter) -190.19%371.60%2,037.78%-29,000.00%
Net Cash Flow (QoQ) (Quarter) -137.85%44.44%106.67%-6,533.33%213.99%296.36%-199.43%
Net Income Growth (1y) (Quarter) -149.82%429.82%-68.12%-42.54%
Net Income (QoQ) (Quarter) 162.64%384.21%56.16%-152.75%232.84%-70.86%181.44%
Net Income towards Common Stockholders Growth (1y) (Quarter) -149.82%429.82%-68.12%-42.54%
Net Income towards Common Stockholders (QoQ) (Quarter) 162.64%384.21%56.16%-152.75%232.84%-70.86%181.44%
Net Margin Growth (1y) (Quarter) -1423.002,544.00-2902.00-2575.00
Net Margin (QoQ) (Quarter) 2,303.002,994.00768.00-7488.006,270.00-2452.001,095.00
Operating Income Growth (1y) (Quarter) 136.05%20.75%21.20%35.70%
Operating Income (QoQ) (Quarter) 180.23%17.43%64.31%-56.34%43.35%17.87%83.97%
Operating Margin Growth (1y) (Quarter) 398.00-93.00-103.0065.00
Operating Margin (QoQ) (Quarter) 716.00130.00345.00-793.00226.00120.00512.00
Profit After Tax Growth (1y) (Quarter) -149.82%429.82%-68.12%-42.54%
Profit After Tax (QoQ) (Quarter) 162.64%384.21%56.16%-152.75%232.84%-70.86%181.44%
Property, Plant & Equipment (Net) Growth (1y) (Quarter) 52.10%38.34%10.15%22.34%80.81%-17.32%14.57%24.14%-62.60%-4.08%12.77%
Property, Plant & Equipment (Net) Growth (3y) (Quarter) 32.34%23.08%34.56%22.29%19.65%5.55%-18.97%-23.63%-26.04%
Property, Plant & Equipment (Net) Growth (5y) (Quarter) 38.67%22.75%18.21%21.07%-4.48%-15.85%-10.46%
Property, Plant & Equipment (Net) (QoQ) (Quarter) -2.13%0.00%10.87%3.92%
Return on Assets (QoQ) (Quarter) 5.00-5.00-4.00
Return on Capital Employed (QoQ) (Quarter) 0.000.000.00
Return on Equity Growth (1y) (Quarter) 17.0021.007.00-9.00
Return on Equity (QoQ) (Quarter) 2.009.0011.00-4.006.00-6.00-5.00
Return on Invested Capital Growth (1y) (Quarter) 0.00
Return on Invested Capital (QoQ) (Quarter) 1.000.000.000.00
Return on Sales Growth (1y) (Quarter) -14.0025.00-29.00-26.00
Return on Sales (QoQ) (Quarter) 23.0030.008.00-75.0063.00-25.0011.00
Revenue Growth (1y) (Quarter) 26.81%31.05%31.54%30.58%
Revenue (QoQ) (Quarter) 9.89%5.72%30.06%-16.07%13.56%6.12%29.11%
Share-based Compensation Growth (1y) (Quarter) 8.57%6.60%-2.73%5.50%
Share-based Compensation (QoQ) (Quarter) 0.95%3.77%-0.91%4.59%-0.88%-5.31%7.48%
Shareholder's Equity Growth (1y) (Quarter) 188.37%110.16%143.89%108.85%44.24%112.24%73.93%-25.99%10.04%27.49%24.27%32.18%23.65%16.57%
Shareholder's Equity Growth (3y) (Quarter) 145.41%120.39%94.40%85.60%74.62%39.80%12.30%1.26%17.81%
Shareholder's Equity Growth (5y) (Quarter) 113.66%100.95%93.49%52.43%34.10%30.83%16.05%
Shareholder's Equity (QoQ) (Quarter) -1.91%3.14%10.31%14.23%-4.39%9.71%3.19%7.69%
Tax Rate Growth (1y) (Quarter) 1,807.0027.001,056.00770.00
Tax Rate (QoQ) (Quarter) 2,240.00-1204.00529.00242.00460.00-175.00242.00
Total Debt (QoQ) (Quarter) 0.11%0.00%0.11%