Shopify SHOP Net margin
Net margin at other companies
Other financials
Where this comes from
Calculated from Shopify’s reported figures.
Based on trailing twelve months.
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 net margin?
- Shopify (SHOP) reported net margin of 10.8% in Q1 2026.
- How has Shopify's net margin changed year-over-year?
- Shopify's net margin decreased by 37.3% year-over-year, from 17.2% to 10.8%.
- What is the long-term trend for Shopify's net margin?
- Over 2 years (2023 to 2025), Shopify's net margin has grown at a -7.2% compound annual growth rate (CAGR), from -78.8% to 67.9%.
- What does net margin mean?
- The share of every sales dollar that becomes bottom-line profit.
- How do you interpret net margin?
- Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
- How does net margin compare across companies?
- Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.