The table below shows SHOPIFY INC.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$11.56B
$8.88B
$7.06B
$5.60B
$4.61B
$2.93B
Cost of revenue
$6.00B
$4.41B
$3.54B
$2.85B
$2.13B
$1.39B
Gross profit
$5.55B
$4.47B
$3.52B
$2.75B
$2.48B
$1.54B
R&D
$1.54B
$1.37B
$1.73B
$1.50B
$854.38M
$552.13M
SHOP annual revenue (10-K history)
SHOPIFY INC. reported annual revenue of $11.56B for fiscal year 2025. That is up 30.1% from $8.88B in fiscal 2024. Over the 9 fiscal years shown, annual revenue grew from $673.30M (FY 2017) to $11.56B. Figures come from the company's audited annual reports as filed with the SEC.
