Shopify Inc.SHOPNYSE
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SG&A Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+3.3%
5Y CAGR+20.3%
Studio
Year-over-Year Change

Selling, general, and administrative expenses

3Y CAGR
+3.3%/yr
vs +43.5%/yr prior
5Y CAGR
+20.3%/yr
Recent deceleration
Acceleration
-40.2pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.5x
Strong expansion
Streak
2 yr
Consecutive growthExpanding
PeriodValueYoY Change
TTM$2.13B+18.4%
2024$1.80B+5.4%
2023$1.71B-11.7%
2022$1.94B+51.8%
2021$1.28B+50.6%
2020$847.39M+35.2%
2019$626.61M+37.0%
2018$457.51M+55.9%
2017$293.41M+70.3%
2016$172.32M-