Shopify Inc (SHOP.TO)
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Apr 26, 09:43
Shopify Gross Profit Margin (Quarterly): 49.53% for Dec. 31, 2023
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| December 31, 2023 | 49.53% |
| September 30, 2023 | 52.57% |
| June 30, 2023 | 49.29% |
| March 31, 2023 | 47.55% |
| December 31, 2022 | 45.99% |
| September 30, 2022 | 48.46% |
| June 30, 2022 | 50.66% |
| March 31, 2022 | 52.99% |
| December 31, 2021 | 50.19% |
| September 30, 2021 | 54.19% |
| June 30, 2021 | 55.46% |
| March 31, 2021 | 56.51% |
| December 31, 2020 | 51.59% |
| September 30, 2020 | 52.79% |
| June 30, 2020 | 52.50% |
| March 31, 2020 | 54.67% |
| December 31, 2019 | 52.24% |
| September 30, 2019 | 55.48% |
| June 30, 2019 | 56.57% |
| March 31, 2019 | 56.26% |
| Date | Value |
|---|---|
| December 31, 2018 | 54.02% |
| September 30, 2018 | 55.44% |
| June 30, 2018 | 55.91% |
| March 31, 2018 | 57.78% |
| December 31, 2017 | 54.37% |
| September 30, 2017 | 58.34% |
| June 30, 2017 | 57.26% |
| March 31, 2017 | 56.71% |
| December 31, 2016 | 52.26% |
| September 30, 2016 | 53.98% |
| June 30, 2016 | 54.85% |
| March 31, 2016 | 55.12% |
| December 31, 2015 | 53.72% |
| September 30, 2015 | 54.45% |
| June 30, 2015 | 56.21% |
| March 31, 2015 | 57.74% |
| December 31, 2014 | 55.75% |
| September 30, 2014 | 59.38% |
| June 30, 2014 | 60.45% |
| March 31, 2014 | 61.82% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
45.99%
Minimum
Dec 2022
56.57%
Maximum
Jun 2019
52.07%
Average
52.50%
Median
Jun 2020
Gross Profit Margin (Quarterly) Benchmarks
| Constellation Software Inc | 88.67% |
| Open Text Corp | 73.56% |
| Tecsys Inc | 45.48% |
| Thinkific Labs Inc | 74.92% |
| Softchoice Corp | 40.07% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | 1.68% |
| Return on Assets | 1.31% |
| Return on Invested Capital | 1.52% |
| Profit Margin (Quarterly) | 30.64% |
| Operating Margin (Quarterly) | 13.48% |
| Return on Net Operating Assets | 5.61% |