Shopify Inc. (SHOP) Profit Margins
Over the twelve months to 2026-06-30, Shopify Inc. (SHOP) had gross margin 47.8%, operating margin 13.9%, net margin 14.5%, free cash flow margin 17.7%, according to EquiReason's reading of its SEC filings.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
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- Market cap
- 217.0B
- P/E TTM
- 114.0
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 3 Nov, in 10 days
| Line | FY2018 Dec 18 | FY2019 Dec 19 | FY2020 Dec 20 | FY2021 Dec 21 | FY2022 Dec 22 | FY2023 Dec 23 | FY2024 Dec 24 | FY2025 Dec 25 | TTM Jun 26 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 55.6% | 54.9% | 52.6% | 53.8% | 49.2% | 49.8% | 50.4% | 48.1% | 47.8% | |
| Operating margin | -8.6% | -8.9% | 3.1% | 5.8% | -14.7% | -20.1% | 12.1% | 12.7% | 13.9% | |
| Net margin | -6.0% | -7.9% | 10.9% | 63.2% | -61.8% | 1.9% | 22.7% | 10.7% | 14.5% | |
| FCF margin | -1.7% | 0.9% | 13.1% | 10.5% | -3.3% | 12.8% | 18.0% | 17.4% | 17.7% |
USD billions · SEC XBRL
Shopify Inc. — questions
- What is Shopify Inc.'s gross margin?
- 47.8% over the twelve months to 2026-06-30.
- What is Shopify Inc.'s operating margin?
- 13.9% over the twelve months to 2026-06-30.
- What is Shopify Inc.'s net profit margin?
- 14.5% over the twelve months to 2026-06-30.
Every figure on this page comes from Shopify Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.