Shopify Gross Margin
The Gross Margin of Shopify (SHOP) as of Nov 15, 2026 is 47.88 %. In the previous year, Gross Margin was 50.36 % — a change of -4.93% (lower).
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Gross Margin
47.88 %
YoY
-4.93%
Last updated:
Shopify's gross margin stands at 47.9%, down from 53.8% several years earlier.
The Shopify Gross Margin history
3 Years
10 Years
25 Years
Max
| YEAR | Gross Margin | YoY |
|---|---|---|
| 47.88 % | -4.93% | |
| 50.36 % | +1.15% | |
| 49.79 % | +1.24% | |
| 49.18 % | -8.59% | |
| 53.80 % | +2.24% | |
| 52.62 % | -4.07% | |
| 54.85 % | -1.27% | |
| 55.56 % | -1.62% | |
| 56.48 % | +4.96% | |
| 53.81 % | -0.57% | |
| 54.12 % | -8.03% | |
| 58.84 % | +7,948.51% | |
| 0.73 % | -8.45% | |
| 0.80 % | — |
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Shopify Stock analysis
Frequently Asked Questions about Shopify stock
Gross Margin of Shopify is 47.88 % in 2025.
Gross Margin of Shopify changed from 50.36 % to 47.88 %, representing a -4.93% change. The value is lower than the previous year.
On Eulerpool you can find the complete historical development of Gross Margin Shopify since 2006 – with annual values, charts, and detailed analysis.
Gross Margin measures the percentage of revenue remaining after COGS. Higher gross margins indicate more efficient production and stronger pricing power.
A 'good' varies by industry and company stage. On Eulerpool, you can compare Gross Margin's Shopify with sector peers and the industry average to assess whether it is attractive.
To evaluate Gross Margin's, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Gross Margin.
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