What is Shopify's G&A?

Shopify (SHOP) reported G&A of $115M in Q1 2026.

How has Shopify's G&A changed year-over-year?

Shopify's G&A increased by 5.5% year-over-year, from $109M to $115M.

What is the long-term trend for Shopify's G&A?

Over 3 years (2022 to 2025), Shopify's G&A has grown at a -12.7% compound annual growth rate (CAGR), from $708M to $471M.

Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

Shopify SHOP G&A

G&A at other companies

AdobeADBE

$546M+44.8%

eBayEBAY

$410M+57.1%

SalesforceCRM

$740M+6.2%

EtsyETSY

$62.46M-15.5%

BlockXYZ

$857.56M+74.4%

GoDaddyGDDY

$91M-6.3%

Other financials

Income statement

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Revenue$3.2B+34.3%

Gross profit$1.5B+32.2%

Operating income$382.0M+88.2%

Net income-$581.0M+14.8%

EPS (diluted)-$0.45+15.1%

Balance sheet

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Cash & equivalents$1.8B+41.2%

Total debt$179.0M-84.3%

Total equity$12.5B+13.1%

Total assets$14.1B+5.4%

Cash flow

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Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation

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Market cap$144.84B+4.9%

Enterprise value$143.18B+3.8%

P/E108.7×+23.0×

P/S11.7×-3.0×

Profitability

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Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

FCF margin17.1%-1.3pp

Returns & leverage

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Return on equity11.3%-4.8pp

Debt / equity0×-0.1×

Current ratio6.2×+2.5×

Where this comes from

Reported directly by Shopify in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

The official record: Shopify’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shopify's G&A?: Shopify (SHOP) reported G&A of $115M in Q1 2026.
How has Shopify's G&A changed year-over-year?: Shopify's G&A increased by 5.5% year-over-year, from $109M to $115M.
What is the long-term trend for Shopify's G&A?: Over 3 years (2022 to 2025), Shopify's G&A has grown at a -12.7% compound annual growth rate (CAGR), from $708M to $471M.
What does G&A mean?: Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.