01—History
Total Operating Expenses History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $4.09B
02—Ledger
Total Operating Expenses, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $4.09B | +20.3% | 10-K | |
| FY2024 | $3.40B | −31.1% | 10-K | |
| FY2023 | $4.93B | +37.9% | 10-K | |
| FY2022 | $3.58B | +61.6% | 10-K | |
| FY2021 | $2.21B | +52.4% | 10-K | |
| FY2020 | $1.45B | +44.2% | 10-K | |
| FY2019 | $1.01B | +46.3% | 10-K | |
| FY2018 | $688.2M | +60.3% | 10-K | |
| FY2017 | $429.4M | +74.1% | 10-K | |
| FY2016 | $246.7M | +88.3% | 10-K | |
| FY2015 | $131.0M | +57.1% | 10-K | |
| FY2014 | $83.4M | +103.4% | 10-K | |
| FY2013 | $41.0M | — | 10-K |
03—Questions
What is total operating expenses?
Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.
What is SHOPIFY INC.'s current total operating expenses?
SHOPIFY INC. (SHOP) annual total operating expenses for 2025 was $4.09B, a 20.31% increase from 2024. SHOPIFY INC. total operating expenses for the quarter ending March 31, 2026 was $1.16B.
What was SHOPIFY INC.'s total operating expenses in 2024?
SHOPIFY INC. annual total operating expenses for 2024 was $3.40B, a 31.14% decline from 2023.
What was SHOPIFY INC.'s total operating expenses in 2023?
SHOPIFY INC. annual total operating expenses for 2023 was $4.93B, a 37.95% increase from 2022.
What is SHOPIFY INC.'s 5-year total operating expenses CAGR?
SHOPIFY INC. total operating expenses grew at a compound annual growth rate (CAGR) of 23.01% from FY2020 to FY2025, going from $1.45B to $4.09B over 5 years.
- Company
- SHOPIFY INC.
- Ticker
- SHOP
- Sector
- Technology
- Industry
- Services-Prepackaged Software