stockrowShopify Inc.
SHOP Technology Software Application
Shopify Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.6 billion, up 30.1% from fiscal 2024.
- Revenue
- +31.6%
- EPS
- +79.5%
- Free cash flow
- +61.0%
- Total debt
- −81.7%
Quarter to September 2026, against a year earlier
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Shopify Inc. (SHOP) Revenue growth
Shopify Inc.'s revenue growth over the twelve months to 30 September 2026 was 32.5%, up 2.3 percentage points from fiscal 2025 (30.1%). Over the past ten years it has ranged from 21.4% (fiscal 2022) to 95.4% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Software Application industry median of 12.3% and above the Technology sector median of 11.8%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 30.1% | 4.36 |
| FY2024 | 25.8% | (0.29) |
| FY2023 | 26.1% | 4.64 |
| FY2022 | 21.4% | (36.00) |
| FY2021 | 57.4% | (28.20) |
| FY2020 | 85.6% | 38.58 |
| FY2019 | 47.1% | (12.35) |
| FY2018 | 59.4% | (13.54) |
| FY2017 | 72.9% | (16.76) |
| FY2016 | 89.7% | (5.73) |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Sep 2026 | 31.6% | (2.11) |
| Jun 2026 | 33.7% | (0.63) |
| Mar 2026 | 34.3% | 3.74 |
| Dec 2025 | 30.6% | (0.96) |
| 43 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| SHOP Shopify Inc. | 32.5% |
| SNOW Snowflake Inc. compare | 32.0% |
| NOW ServiceNow, Inc. compare | 21.8% |
| UBER Uber Technologies, Inc. compare | 13.9% |
| INTU Intuit Inc. compare | 13.9% |
| SAP SAP SE compare | 13.4% |
| ADBE Adobe Inc. compare | 12.0% |
| CRM Salesforce, Inc. compare | 11.2% |
| ADP Automatic Data Processing, Inc. compare | 6.50% |
| Software Application industry median | 12.3% |
| Technology sector median | 11.8% |
| Market median | 7.58% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
More on SHOP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement