Shopify Inc. revenue by year
Over the 9 fiscal years shown, revenue went from $673.30M (year ended Dec 31, 2017) to $11.56B (year ended Dec 31, 2025), a compound annual growth rate of 42.7%. The fastest growth was +85.6% in the year ended Dec 31, 2020; the weakest year was +21.4% (year ended Dec 31, 2022).
Annual revenue
| Fiscal year ended | Revenue (USD) | Change | XBRL concept | Reported in |
|---|---|---|---|---|
| Dec 31, 2025 | $11.56B | +30.1% | Revenues | 10-K filed Feb 11, 2026 |
| Dec 31, 2024 | $8.88B | +25.8% | Revenues | 10-K filed Feb 11, 2026 |
| Dec 31, 2023 | $7.06B | +26.1% | Revenues | 10-K filed Feb 11, 2026 |
| Dec 31, 2022 | $5.60B | +21.4% | Revenues | 10-K filed Feb 11, 2025 |
| Dec 31, 2021 | $4.61B | +57.4% | RevenueFromContractWithCustomerExcludingAssessedTax | 40-F filed Feb 16, 2023 |
| Dec 31, 2020 | $2.93B | +85.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 40-F filed Feb 16, 2022 |
| Dec 31, 2019 | $1.58B | +47.0% | RevenueFromContractWithCustomerExcludingAssessedTax | 40-F filed Feb 17, 2021 |
| Dec 31, 2018 | $1.07B | +59.4% | RevenueFromContractWithCustomerExcludingAssessedTax | 40-F filed Feb 12, 2020 |
| Dec 31, 2017 | $673.30M | — | RevenueFromContractWithCustomerExcludingAssessedTax | 40-F filed Feb 12, 2019 |
Shopify Inc. reported revenue under 2 different XBRL concepts across these years (often after the 2018 change in revenue-recognition rules, ASC 606). Each row shows the concept used, so you can judge comparability.
Quarterly revenue
Quarters reported in 10-Q filings. Fourth quarters are usually reported only inside the annual 10-K, so they are not listed separately here; we do not estimate them.
| Quarter | Revenue (USD) | vs same quarter a year earlier | Source |
|---|---|---|---|
| 3 months ended Sep 30, 2026 | $3.74B | +31.6% | 10-Q filed Nov 3, 2026 |
| 3 months ended Jun 30, 2026 | $3.58B | +33.7% | 10-Q filed Aug 5, 2026 |
| 3 months ended Mar 31, 2026 | $3.17B | +34.3% | 10-Q filed May 5, 2026 |
| 3 months ended Sep 30, 2025 | $2.84B | +31.5% | 10-Q filed Nov 3, 2026 |
| 3 months ended Jun 30, 2025 | $2.68B | +31.1% | 10-Q filed Aug 5, 2026 |
| 3 months ended Mar 31, 2025 | $2.36B | +26.8% | 10-Q filed May 5, 2026 |
| 3 months ended Sep 30, 2024 | $2.16B | — | 10-Q filed Nov 4, 2025 |
| 3 months ended Jun 30, 2024 | $2.04B | — | 10-Q filed Aug 6, 2025 |
Source: SEC EDGAR XBRL company facts for CIK 1594805 (raw data). Most recent filing in this dataset: 10-Q filed Nov 3, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.