SHOPIFY INC. R&D Expense 2013-2025 | SHOP
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is SHOPIFY INC.'s current r&d expense?
SHOPIFY INC. (SHOP) annual r&d expense for 2025 was $1.54B, a 12.36% increase from 2024. SHOPIFY INC. r&d expense for the quarter ending December 31, 2025 was $390.0M.
What was SHOPIFY INC.'s r&d expense in 2024?
SHOPIFY INC. annual r&d expense for 2024 was $1.37B, a 20.98% decline from 2023.
What was SHOPIFY INC.'s r&d expense in 2023?
SHOPIFY INC. annual r&d expense for 2023 was $1.73B, a 15.10% increase from 2022.
What is SHOPIFY INC.'s 5-year r&d expense CAGR?
SHOPIFY INC. r&d expense grew at a compound annual growth rate (CAGR) of 22.71% from FY2020 to FY2025, going from $552.1M to $1.54B over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+22.7%
FY2020
$552.1M
→
FY2025
$1.54B
13141516171819202122232425
5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $1.54B | +12.4% | 10-K |
| FY2024 | $1.37B | -21.0% | 10-K |
| FY2023 | $1.73B | +15.1% | 10-K |
| FY2022 | $1.50B | +75.9% | 10-K |
| FY2021 | $854.4M | +54.7% | 10-K |
| FY2020 | $552.1M | +55.5% | 10-K |
| FY2019 | $355.0M | +53.9% | 10-K |
| FY2018 | $230.7M | +69.6% | 10-K |
| FY2017 | $136.0M | +82.9% | 10-K |
| FY2016 | $74.3M | +87.1% | 10-K |
| FY2015 | $39.7M | +53.3% | 10-K |
| FY2014 | $25.9M | +89.4% | 10-K |
| FY2013 | $13.7M | - | 10-K |
Company: SHOPIFY INC.Ticker: SHOPSector: TechnologyIndustry: Services-Prepackaged SoftwareView company profile →