SHOP Gross Margin
Percentage of revenue retained after cost of goods sold.
Gross Margin
Latest: 47.7% (2026Q2)
| Period | Value |
|---|---|
| 2024Q1 | 51.4% |
| 2024Q2 | 51.1% |
| 2024Q3 | 51.7% |
| 2025Q1 | 49.5% |
| 2025Q2 | 48.6% |
| 2025Q3 | 48.9% |
| 2025Q4 | 46.1% |
| 2026Q1 | 48.8% |
| 2026Q2 | 47.7% |
Other SHOP Charts
More quarter-by-quarter fundamentals for Shopify Inc.
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Revenue
EPS
Free Cash Flow
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Rule of 40
Enterprise SaaS Comparison
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Gross Margin
Gross Margin
Gross Margin
Latest Gross Margin: 47.7% (2026Q2); -0.9 pp YoY.
Across the 9 quarters from 2024Q1 to 2026Q2, Gross Margin ranged from 46.1% in 2025Q4 to 51.7% in 2024Q3.