Shopify Cost of Goods Sold 2013-2024 | SHOP

Shopify annual/quarterly cost of goods sold history and growth rate from 2013 to 2024. Cost of goods sold can be defined as the difference between beginning and ending inventories for tangible products resulting in an expense that reflects production and sales costs.
  • Shopify cost of goods sold for the quarter ending September 30, 2024 was $1.044B, a 28.41% increase year-over-year.
  • Shopify cost of goods sold for the twelve months ending September 30, 2024 was $4.030B, a 18.53% increase year-over-year.
  • Shopify annual cost of goods sold for 2023 was $3.545B, a 24.56% increase from 2022.
  • Shopify annual cost of goods sold for 2022 was $2.846B, a 33.57% increase from 2021.
  • Shopify annual cost of goods sold for 2021 was $2.131B, a 53.51% increase from 2020.
Shopify Annual Cost of Goods Sold
(Millions of US $)
2023 $3,545
2022 $2,846
2021 $2,131
2020 $1,388
2019 $713
2018 $477
2017 $293
2016 $180
2015 $92
2014 $43
2013 $14
2012 $5
Shopify Quarterly Cost of Goods Sold
(Millions of US $)
2024-09-30 $1,044
2024-06-30 $1,000
2024-03-31 $904
2023-12-31 $1,082
2023-09-30 $813
2023-06-30 $859
2023-03-31 $791
2022-12-31 $937
2022-09-30 $704
2022-06-30 $639
2022-03-31 $566
2021-12-31 $687
2021-09-30 $515
2021-06-30 $499
2021-03-31 $430
2020-12-31 $473
2020-09-30 $362
2020-06-30 $339
2020-03-31 $213
2019-12-31 $241
2019-09-30 $174
2019-06-30 $157
2019-03-31 $140
2018-12-31 $158
2018-09-30 $120
2018-06-30 $108
2018-03-31 $90
2017-12-31 $102
2017-09-30 $71
2017-06-30 $65
2017-03-31 $55
2016-12-31 $62
2016-09-30 $46
2016-06-30 $39
2016-03-31 $33
2015-12-31 $32
2015-09-30 $24
2015-06-30 $20
2015-03-31 $16
2014-12-31 $16
2014-09-30 $11
2014-06-30 $9
2014-03-31 $7
2013-12-31
2012-12-31
Sector Industry Market Cap Revenue
Computer and Technology Internet Services $134.962B $7.060B
Shopify Inc. provides a multi-tenant, cloud-based, multi-channel commerce platform for small and medium-sized businesses. Merchants use the company's software to run business across various sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. Shopify's platform enables merchants to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics along with reporting from one integrated back office. Moreover, Shopify hosts a huge database of merchant and customer interactions. Merchants leverage this transactional dataset to get meaningful insight into the sales channel growth prospects and consumer behavioral aspects. This improves their ability to target prospective customers more easily, which drives sales growth.
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