Shopify Gross Margin 2013-2024 | SHOP

Current and historical gross margin for Shopify (SHOP) over the last 10 years. The current gross profit margin for Shopify as of March 31, 2024 is %.
Shopify Gross Margin Historical Data
Date TTM Revenue TTM Gross Profit Gross Margin
2024-03-31 $7.41B $3.76B 50.65%
2023-12-31 $7.06B $3.52B 49.79%
2023-09-30 $6.65B $3.25B 48.88%
2023-06-30 $6.30B $3.01B 47.79%
2023-03-31 $5.90B $2.83B 47.98%
2022-12-31 $5.60B $2.75B 49.18%
2022-09-30 $5.25B $2.65B 50.51%
2022-06-30 $5.00B $2.60B 51.89%
2022-03-31 $4.83B $2.56B 53.06%
2021-12-31 $4.61B $2.48B 53.82%
2021-09-30 $4.21B $2.29B 54.47%
2021-06-30 $3.85B $2.09B 54.22%
2021-03-31 $3.45B $1.84B 53.45%
2020-12-31 $2.93B $1.54B 52.61%
2020-09-30 $2.46B $1.30B 52.97%
2020-06-30 $2.08B $1.11B 53.51%
2020-03-31 $1.73B $0.94B 54.57%
2019-12-31 $1.58B $0.87B 54.88%
2019-09-30 $1.42B $0.79B 55.61%
2019-06-30 $1.30B $0.72B 55.63%
2019-03-31 $1.18B $0.65B 55.39%
2018-12-31 $1.07B $0.60B 55.64%
2018-09-30 $0.95B $0.53B 55.88%
2018-06-30 $0.85B $0.48B 56.51%
2018-03-31 $0.76B $0.43B 56.84%
2017-12-31 $0.67B $0.38B 56.46%
2017-09-30 $0.58B $0.33B 56.38%
2017-06-30 $0.51B $0.28B 55.21%
2017-03-31 $0.44B $0.24B 54.50%
2016-12-31 $0.39B $0.21B 53.85%
2016-09-30 $0.33B $0.18B 54.55%
2016-06-30 $0.28B $0.16B 54.77%
2016-03-31 $0.24B $0.13B 54.77%
2015-12-31 $0.21B $0.11B 55.61%
2015-09-30 $0.17B $0.10B 56.47%
2015-06-30 $0.14B $0.08B 57.64%
2015-03-31 $0.12B $0.07B 58.54%
2014-12-31 $0.11B $0.06B 59.05%
Sector Industry Market Cap Revenue
Computer and Technology Internet Services $87.192B $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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