Operating Expenses
Sales & Marketing
Shopify Sales & Marketing increased by 14.5% to $496.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.5%, from $405.00M to $496.00M. Over 3 years (FY 2022 to FY 2025), Sales & Marketing shows an upward trend with a 10.6% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase may signal aggressive growth strategies or higher customer acquisition costs, while a decrease could indicate cost-cutting or a shift toward organic growth.
Detailed definition
Represents the total costs incurred to acquire new customers and promote brand awareness through advertising, promotiona...
Peer comparison
Standard across financial services; peers often report this as 'Marketing and Business Development' or 'Advertising and Promotion'.
Metric ID:
selling_and_marketingHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $307.50M | $307.50M | $307.50M | $307.50M | $305.00M | $305.00M | $305.00M | $305.00M | $361.00M | $353.00M | $331.00M | $348.00M | $405.00M | $415.00M | $410.00M | $433.00M | $496.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -0.8% | +0.0% | +0.0% | +0.0% | +18.4% | -2.2% | -6.2% | +5.1% | +16.4% | +2.5% | -1.2% | +5.6% | +14.5% |
| YoY Change | — | — | — | — | -0.8% | -0.8% | -0.8% | -0.8% | +18.4% | +15.7% | +8.5% | +14.1% | +12.2% | +17.6% | +23.9% | +24.4% | +22.5% |
Range$305.00M – $496.00M
CAGR+12.7%
Avg YoY Growth+11.8%
Median YoY Growth+14.1%
Current Streak2 quarters growth
Sales & Marketing at Other Companies
Frequently Asked Questions
- What is Shopify's sales & marketing?
- Shopify (SHOP) reported sales & marketing of $496.00M in Q1 2026.
- How has Shopify's sales & marketing changed year-over-year?
- Shopify's sales & marketing increased by 22.5% year-over-year, from $405.00M to $496.00M.
- What is the long-term trend for Shopify's sales & marketing?
- Over 3 years (2022 to 2025), Shopify's sales & marketing has grown at a 10.6% compound annual growth rate (CAGR), from $1.23B to $1.66B.
- What does sales & marketing mean?
- The total amount spent on advertising, marketing, and sales activities to acquire and retain customers.