Shopify G&A increased by 8.7% to $125.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $112.00M to $125.00M. Over 3 years (FY 2022 to FY 2025), G&A shows a downward trend with a -12.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
Rising G&A as a percentage of revenue may indicate organizational bloat, while stability suggests effective cost management.
Detailed definition
General and administrative expenses cover the overhead costs of running the business, including executive salaries, lega...
Peer comparison
Standard operating expense category; used to assess administrative leverage.
Metric ID:
is_general_and_administrativeHistorical Data
16 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $177.00M | $177.00M | $177.00M | $177.00M | $122.75M | $122.75M | $122.75M | $122.75M | $124.00M | $60.00M | $114.00M | $112.00M | $109.00M | $122.00M | $115.00M | $125.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -30.6% | +0.0% | +0.0% | +0.0% | +1.0% | -51.6% | +90.0% | -1.8% | -2.7% | +11.9% | -5.7% | +8.7% |
| YoY Change | — | — | — | — | -30.6% | -30.6% | -30.6% | -30.6% | +1.0% | -51.1% | -7.1% | -8.8% | -12.1% | +103.3% | +0.9% | +11.6% |
Range$60.00M – $177.00M
CAGR-8.9%
Avg YoY Growth-7.1%
Median YoY Growth-10.4%
G&A at Other Companies
Frequently Asked Questions
- What is Shopify's g&a?
- Shopify (SHOP) reported g&a of $125.00M in Q4 2025.
- How has Shopify's g&a changed year-over-year?
- Shopify's g&a increased by 11.6% year-over-year, from $112.00M to $125.00M.
- 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 $708.00M to $471.00M.
- What does g&a mean?
- The overhead costs required to manage and support the company's operations.