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 December 31, 2024 was $1.460B, a 34.94% increase year-over-year.
- Shopify cost of goods sold for the twelve months ending December 31, 2024 was $4.408B, a 24.34% increase year-over-year.
- Shopify annual cost of goods sold for 2024 was $4.408B, a 24.34% increase from 2023.
- 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 (Millions of US $) |
|
|---|---|
| 2024 | $4,408 |
| 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 $) |
|
|---|---|
| 2024-12-31 | $1,460 |
| 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 | $149.526B | $8.880B |
| 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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