Shopify () Net margin US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? CAGR 5 years ?
Net margin, % ? 63.2% -61.8% 1.87% 22.7% 10.7%   10.8%  
Changes by years, y/y, % +52pp -125pp +64pp +21pp -12pp     -0.5%

Shopify. Net margin, %

Shopify. Net margin, changes, pp

Shopify () Net margin US GAAP (quarter values)

FY2025Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1   LTM ?
Net margin, % ? -28.9% 33.8% 9.28% 20.2% -18.3%   10.8%
Changes by years, y/y, % -14pp +25pp -29pp -26pp +11pp    
Changes by quarters, q/q, % -75pp +63pp -25pp +11pp -39pp    

Shopify. Net margin, %

Shopify. Net margin, changes, pp

Shopify. Net margin, changes, pp