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SHOPIFY INC. Cost of Revenue 2017-2025 | SHOP

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What is cost of revenue?

Cost of revenue includes the direct costs attributable to producing goods or delivering services sold by the company.

What is SHOPIFY INC.'s current cost of revenue?

SHOPIFY INC. (SHOP) annual cost of revenue for 2025 was $6.00B, a 36.14% increase from 2024. SHOPIFY INC. cost of revenue for the quarter ending December 31, 2025 was $1.98B.

What was SHOPIFY INC.'s cost of revenue in 2024?

SHOPIFY INC. annual cost of revenue for 2024 was $4.41B, a 24.34% increase from 2023.

What was SHOPIFY INC.'s cost of revenue in 2023?

SHOPIFY INC. annual cost of revenue for 2023 was $3.54B, a 24.56% increase from 2022.

What is SHOPIFY INC.'s 5-year cost of revenue CAGR?

SHOPIFY INC. cost of revenue grew at a compound annual growth rate (CAGR) of 34.02% from FY2020 to FY2025, going from $1.39B to $6.00B over 5 years.

Cost of Revenue History

Year-over-year comparison from 10-K annual reports

Key Statistics
Trend Direction
Growing
CAGR+34.0%
FY2020
$1.39B
FY2025
$6.00B
171819202122232425
5 years selected
Cost of Revenue History
PeriodValueChangeSource
FY2025$6.00B+36.1%10-K
FY2024$4.41B+24.3%10-K
FY2023$3.54B+24.6%10-K
FY2022$2.85B+33.6%10-K
FY2021$2.13B+53.5%10-K
FY2020$1.39B+94.8%10-K
FY2019$712.5M+49.4%10-K
FY2018$477.0M+62.8%10-K
FY2017$293.1M-10-K
Company: SHOPIFY INC.Ticker: SHOPSector: TechnologyIndustry: Services-Prepackaged SoftwareView company profile →