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SHOPIFY INC. (SHOP) — Cost of Revenue

Annual figures by fiscal year, from SEC filings.

2017: $293.05M2018: $476.96M2019: $712.53M2020: $1.39B2021: $2.13B2022: $2.85B2023: $3.54B2024: $4.41B2025: $6.00B$6.00B
2017Cost of Revenue (USD)2025
Fiscal YearCost of RevenueChange YoY
2025$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—