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Shopify Inc. (SHOP)
NYSE: SHOP · Real-Time Price · USD
108.92
+18.93 (21.04%)
At close: Nov 12, 2024, 4:00 PM
106.51
-2.41 (-2.21%)
After-hours: Nov 12, 2024, 7:59 PM EST

Shopify Revenue by Segment
Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016Sep 30, 2016Jun 30, 2016
Merchant Solutions Revenue
5.70B 5.45B 5.22B 4.94B 4.70B 4.38B 4.11B 3.81B
Merchant Solutions Revenue Growth
21.19% 24.37% 27.01% 29.76% 30.44% 26.56% 25.78% 29.51%
Subscription Solutions Revenue
2.09B 1.97B 1.84B 1.71B 1.60B 1.52B 1.49B 1.44B
Subscription Solutions Revenue Growth
30.13% 28.94% 23.50% 19.00% 14.56% 11.59% 10.81% 13.23%

Operating Metrics

Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016Sep 30, 2016Jun 30, 2016Mar 31, 2016
Gross Merchandise Volume
259.40B 247.20B 235.87B 221.77B 211.77B 203.67B 197.30B 190.40B - -
Gross Merchandise Volume Growth
22.49% 21.37% 19.55% 16.47% 13.85% 12.34% 12.49% 17.24% - -
Gross Payment Volume
155.20B 145.80B 137.12B 126.22B 118.42B 111.62B 106.10B 99.60B - -
Gross Payment Volume Growth
31.06% 30.62% 29.23% 26.72% 24.52% 23.33% 23.66% 29.02% - -
Monthly Recurring Revenue
169.00M 151.00M 149.00M 141.00M 139.00M 116.00M 109.50M 107.00M
Monthly Recurring Revenue Growth
21.58% 30.17% 36.07% 31.78% 29.66% 10.27% 7.35% 8.30%
Gross Payment Volume % of Gross Merchandise Volume
61.00% 59.00% 60.00% 58.00% 58.00% 56.00% 56.00% 54.00% - -
Attach Rate
- 3.06 2.85 3.05 3.08 3.04 2.79 3.03 2.76
Attach Rate Growth
- 0.66% 2.15% 0.66% 11.59% 8.96% 9.41% 12.64% 4.15%

Gross Margin by Segment
Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016Sep 30, 2016Jun 30, 2016
Subscription Gross Margin
82.80% 81.40% 81.52% 81.89% 80.86% 78.01% 78.62% 78.10%
Merchant Gross Margin
39.10% 40.00% 39.16% 40.96% 38.08% 37.21% 36.26% 37.20%

Gross Profit by Segment
Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016Sep 30, 2016Jun 30, 2016
Merchant Gross Profit
2.26B 2.15B 2.03B 1.88B 1.75B 1.65B 1.60B 1.53B
Merchant Gross Profit Growth
29.17% 30.90% 27.26% 23.06% 16.38% 11.45% 13.81% 20.38%
Subscription Gross Profit
1.71B 1.60B 1.48B 1.37B 1.27B 1.19B 1.16B 1.12B
Subscription Gross Profit Growth
34.98% 34.83% 28.22% 22.51% 15.78% 9.65% 7.29% 9.32%

Operating Expense Breakdown
Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016Sep 30, 2016Jun 30, 2016
Sales and Marketing
1.33B 1.29B 1.22B 1.20B 1.21B 1.21B 1.23B 1.21B
Sales and Marketing Growth
9.75% 6.58% -0.85% -0.62% 5.64% 19.18% 36.48% 54.74%
Research and Development
1.31B 1.61B 1.73B 1.86B 1.96B 1.66B 1.50B 1.34B
Research and Development Growth
-33.23% -3.05% 15.09% 39.13% 71.04% 68.77% 75.94% 80.73%
General and Administrative
421.00M 492.00M 491.00M 605.65M 723.78M 722.68M 707.77M 594.17M
General and Administrative Growth
-41.83% -31.92% -30.63% 1.93% 54.73% 73.79% 88.82% 75.18%
Transaction and Loan Losses
172.00M 161.00M 152.00M 141.32M 145.06M 156.44M 134.93M 128.43M
Transaction and Loan Losses Growth
18.57% 2.92% 12.65% 10.04% 25.05% 70.77% 65.12% 92.98%
Impairments
- - - - 1.34B - - -
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.