Shopify Inc.SHOPNYSE
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Cost of Revenue Over TimeExpanding
Percentile Rank100
3Y CAGR+28.2%
5Y CAGR+34.0%
Studio
Year-over-Year Change

Direct costs attributable to producing goods sold

3Y CAGR
+28.2%/yr
vs +56.3%/yr prior
5Y CAGR
+34.0%/yr
Recent deceleration
Acceleration
-28.1pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
4.3x
Strong expansion
Streak
9 yr
Consecutive growthExpanding
PeriodValueYoY Change
TTM$6.00B+36.1%
2024$4.41B+24.3%
2023$3.54B+24.6%
2022$2.85B+33.6%
2021$2.13B+53.5%
2020$1.39B+94.8%
2019$712.53M+49.4%
2018$476.96M+62.8%
2017$293.05M+63.0%
2016$179.84M-