Shopify () EBITDA margin US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? CAGR 5 years ?
EBITDA margin, % ? 69.6% -10.6% 2.04% 15.1% 13.3%   12.9%  
Changes by years, y/y, % +59pp -80pp +13pp +13pp -2pp     +4.1%

Shopify. EBITDA margin, %

Shopify. EBITDA margin, changes, pp

Shopify () EBITDA margin US GAAP (quarter values)

FY2025Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1   LTM ?
EBITDA margin, % ? 12.1% 14.1% 11.1% 14.1% -19.8%   12.9%
Changes by years, y/y, % +7pp 0pp -5pp -5pp -32pp    
Changes by quarters, q/q, % -7pp +2pp -3pp +3pp -34pp    

Shopify. EBITDA margin, %

Shopify. EBITDA margin, changes, pp

Shopify. EBITDA margin, changes, pp