Shopify Inc.SHOPNYSE
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Operating Expenses Over TimeExpanding
Percentile Rank92
3Y CAGR+4.6%
5Y CAGR+23.0%
Year-over-Year Change
Expenses from normal business operations (SG&A, R&D, etc.)
3Y CAGR
+4.6%/yr
vs +51.0%/yr prior
5Y CAGR
+23.0%/yr
Recent deceleration
Acceleration
-46.4pp
Decelerating
Percentile
P92
Near historical high
vs 5Y Ago
2.8x
Strong expansion
Streak
1 yr
Consecutive growthExpanding
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $4.09B | +20.3% |
| 2024 | $3.40B | -31.1% |
| 2023 | $4.93B | +37.9% |
| 2022 | $3.58B | +61.6% |
| 2021 | $2.21B | +52.4% |
| 2020 | $1.45B | +44.2% |
| 2019 | $1.01B | +46.3% |
| 2018 | $688.19M | +60.3% |
| 2017 | $429.41M | +74.1% |
| 2016 | $246.66M | - |