Company / Gross Margin
SHOPIFY INC. Gross Margin History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
48.1%
FY2025
5-year range
48.1% / 50.4%
FY2022-FY2025
Trend
-4.5%
vs FY2024
Sector context
#131 of 213
Information Technology
What the data says
At 48.1%, SHOPIFY INC.'s gross margin ranks #131 of 213 in the Information Technology sector. Gross Margin remained relatively stable over the past 4 years, with values between 48.1% and 50.4%.
Based on SEC 10-K filings.
48.1% in FY2025 with a 3-year CAGR of -1.1%.
Declined from 49.8% to 48.1% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -1.1pp
- 5-Year Change
- -
- 10-Year Change
- -
Sector benchmark
#131 of 213 in Information TechnologyTop 62% of 213This company 48.1% Sector average 53.8%
▼
-10.7% below sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 4.5% year-over-year.
- Currently 5.8pp below the Information Technology sector average.
Company context
Key Data Points
- Altman Z-Score 4.84 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 48.1% | -4.5% |
| FY2024 | 50.4% | +1.1% |
| FY2023 | 49.8% | +1.2% |
| FY2022 | 49.2% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026