Shopify Gross Profit 2013-2024 | SHOP

Shopify annual/quarterly gross profit history and growth rate from 2013 to 2024. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.
  • Shopify gross profit for the quarter ending March 31, 2024 was $0.957B, a 33.47% increase year-over-year.
  • Shopify gross profit for the twelve months ending March 31, 2024 was $3.755B, a 32.55% increase year-over-year.
  • Shopify annual gross profit for 2023 was $3.515B, a 27.63% increase from 2022.
  • Shopify annual gross profit for 2022 was $2.754B, a 11% increase from 2021.
  • Shopify annual gross profit for 2021 was $2.481B, a 60.95% increase from 2020.
Shopify Annual Gross Profit
(Millions of US $)
2023 $3,515
2022 $2,754
2021 $2,481
2020 $1,542
2019 $866
2018 $596
2017 $380
2016 $209
2015 $113
2014 $62
2013 $37
2012 $19
Shopify Quarterly Gross Profit
(Millions of US $)
2024-03-31 $957
2023-12-31 $1,062
2023-09-30 $901
2023-06-30 $835
2023-03-31 $717
2022-12-31 $798
2022-09-30 $662
2022-06-30 $656
2022-03-31 $638
2021-12-31 $693
2021-09-30 $609
2021-06-30 $621
2021-03-31 $559
2020-12-31 $504
2020-09-30 $405
2020-06-30 $375
2020-03-31 $257
2019-12-31 $264
2019-09-30 $217
2019-06-30 $205
2019-03-31 $180
2018-12-31 $186
2018-09-30 $150
2018-06-30 $137
2018-03-31 $124
2017-12-31 $121
2017-09-30 $100
2017-06-30 $87
2017-03-31 $72
2016-12-31 $68
2016-09-30 $54
2016-06-30 $48
2016-03-31 $40
2015-12-31 $38
2015-09-30 $29
2015-06-30 $25
2015-03-31 $22
2014-12-31 $20
2014-09-30 $16
2014-06-30 $14
2014-03-31 $12
2013-12-31
2012-12-31
Sector Industry Market Cap Revenue
Computer and Technology Internet Services $89.847B $7.060B
Shopify Inc. provides a multi-tenant, cloud-based, multi-channel commerce platform for small and medium-sized businesses. Merchants use the company's software to run business across various sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. Shopify's platform enables merchants to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics along with reporting from one integrated back office. Moreover, Shopify hosts a huge database of merchant and customer interactions. Merchants leverage this transactional dataset to get meaningful insight into the sales channel growth prospects and consumer behavioral aspects. This improves their ability to target prospective customers more easily, which drives sales growth.
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