Company / Operating Margin
SHOPIFY INC. Operating Margin History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
12.7%
FY2025
5-year range
-20.1% / 12.7%
FY2022-FY2025
Trend
+4.9%
vs FY2024
Sector context
#98 of 272
Information Technology
What the data says
At 12.7%, SHOPIFY INC.'s operating margin ranks #98 of 272 in the Information Technology sector. Improved from -20.1% to 12.7% over the past 2 years.
Based on SEC 10-K filings.
12.7% in FY2025 with a 3-year CAGR of +27.4%.
Improved from -20.1% to 12.7% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +27.4pp
- 5-Year Change
- -
- 10-Year Change
- -
Sector benchmark
#98 of 272 in Information TechnologyTop 36% of 272This company 12.7% Sector average -209.0%
▼
+106.1% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 4.9% year-over-year.
- Currently 221.7pp above 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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 12.7% | +4.9% |
| FY2024 | 12.1% | +160.3% |
| FY2023 | -20.1% | -36.8% |
| FY2022 | -14.7% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026