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Shopify SHOP Gross margin
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Where this comes from
Calculated from Shopify’s reported figures.
Based on trailing twelve months.
The source filing: Shopify’s 10-Q, filed May 5, 2026. Open the filing →
- Filed
- May 5, 2026, 7:19 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001594805-26-000019
FAQ
- What is Shopify's gross margin?
- Shopify (SHOP) reported gross margin of 48% in Q1 2026.
- How has Shopify's gross margin changed year-over-year?
- Shopify's gross margin decreased by 3.9% year-over-year, from 49.9% to 48%.
- What is the long-term trend for Shopify's gross margin?
- Over 3 years (2022 to 2025), Shopify's gross margin has grown at a -0.8% compound annual growth rate (CAGR), from 49.2% to 48.1%.
- What does gross margin mean?
- Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.
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