Shopify Inc. (SHOP) Net Profit Margin: 10.77%
Is Shopify Inc.’s net profit margin high or low?
Shopify Inc.'s net profit margin of 10.77% is 36% above its 5-year average of 7.93%, around the middle of its 5-year range (-61.79%–63.20%).
The net profit margin for Shopify Inc. (SHOP) is 10.77% as of Wednesday, June 10, 2026. It is below its 12-month average by 35.49% (16.70%).
SHOP Net Profit Margin Chart
SHOP Average Net Profit Margin Chart
SHOP Current vs Average Net Profit Margin Chart
SHOP Net Profit Margin Metrics
NET PROFIT MARGIN
10.77%
NET PROFIT MARGIN AVG TTM
16.70%
NET PROFIT MARGIN AVG 3Y
-6.63%
NET PROFIT MARGIN AVG 5Y
7.93%
NET PROFIT MARGIN AVG 10Y
0.86%
NET PROFIT MARGIN AVG 15Y
-1.90%
NET PROFIT MARGIN AVG 20Y
-1.90%
CURRENT VS TTM AVG
-35.49%
CURRENT VS 3Y AVG
+262.38%
CURRENT VS 5Y AVG
+35.81%
CURRENT VS 10Y AVG
+1149.68%
CURRENT VS 15Y AVG
+667.06%
CURRENT VS 20Y AVG
+667.06%
SHOP Competitors' Net Profit Margin
| NAME | MARKET CAP | NET PROFIT MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shopify Inc. (SHOP) | $140.41B | 10.77% | 16.70% | -6.63% | 7.93% |
| Salesforce, Inc. (CRM) | $141.00B | 18.73% | 17.16% | 11.71% | 11.91% |
| Uber Technologies, Inc. (UBER) | $139.66B | 15.91% | 20.87% | 4.53% | -7.56% |
| CrowdStrike Holdings, Inc. (CRWD) | $164.89B | -0.48% | -1.94% | -2.28% | -5.98% |
| Western Digital Corporation (WDC) | $167.87B | 55.07% | 3.46% | -2.94% | -1.40% |
| ServiceNow, Inc. (NOW) | $109.38B | 12.59% | 13.07% | 12.48% | 9.41% |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 21.18% | 21.84% | 23.24% | 23.05% |
| Accenture plc (ACN) | $104.93B | 10.65% | 11.11% | 11.02% | 11.22% |
| Fortinet, Inc. (FTNT) | $101.91B | 27.49% | 28.28% | 24.40% | 22.43% |
| Palo Alto Networks, Inc. (PANW) | $179.39B | 7.95% | 22.20% | 11.48% | 4.40% |
Margin Comparison
Operating Margin
13.3%
Net Profit Margin
10.8%
Shopify Inc. Net Profit Margin Formula & Definition
Net Profit Margin = Net Income / Revenue
Net profit margin is the percentage of revenue that becomes net income after all expenses, taxes, and interest.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Shopify Inc. Net Profit Margin FAQ
- What is the net profit margin for Shopify Inc. (SHOP)?
- The net profit margin for SHOP stock is 10.77%.
- Is Shopify Inc.'s net profit margin high or low?
- Shopify Inc.'s net profit margin of 10.77% is 36% above its 5-year average of 7.93%, around the middle of its 5-year range (-61.79%–63.20%).
- What is the TTM average net profit margin for Shopify Inc. (SHOP)?
- The TTM average net profit margin for SHOP stock is 16.70%.
- What is the 3Y average net profit margin for Shopify Inc. (SHOP)?
- The 3Y average net profit margin for SHOP stock is -6.63%.
- What is the 5Y average net profit margin for Shopify Inc. (SHOP)?
- The 5Y average net profit margin for SHOP stock is 7.93%.
- What is the 10Y average net profit margin for Shopify Inc. (SHOP)?
- The 10Y average net profit margin for SHOP stock is 0.86%.
- What is the 15Y average net profit margin for Shopify Inc. (SHOP)?
- The 15Y average net profit margin for SHOP stock is -1.90%.
- What is the 20Y average net profit margin for Shopify Inc. (SHOP)?
- The 20Y average net profit margin for SHOP stock is -1.90%.
Shopify Inc. Net Profit Margin History
| DATE | NET PROFIT MARGIN |
|---|---|
| 2025-12-31 | 10.65% |
| 2024-12-31 | 22.74% |
| 2023-12-31 | 1.87% |
| 2022-12-31 | -61.79% |
| 2021-12-31 | 63.20% |
| 2020-12-31 | 10.91% |
| 2019-12-31 | -7.91% |
| 2018-12-31 | -6.01% |
| 2017-12-31 | -5.94% |
| 2016-12-31 | -9.08% |
| 2015-12-31 | -9.16% |
| 2014-12-31 | -21.24% |
| 2013-12-31 | -9.63% |
| 2012-12-31 | -5.20% |
Related Metrics
About Shopify Inc.
Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke