Shopify Inc (SHOP)
85.55
+3.63
(+4.43%)
USD |
NYSE |
Nov 07, 16:00
85.59
+0.04
(+0.05%)
Pre-Market: 20:00
Shopify Gross Profit Margin (Quarterly): 51.10% for June 30, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| June 30, 2024 | 51.10% |
| March 31, 2024 | 51.42% |
| 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% |
| Date | Value |
|---|---|
| March 31, 2019 | 56.26% |
| 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
56.51%
Maximum
Mar 2021
51.56%
Average
51.59%
Median
Dec 2020
Gross Profit Margin (Quarterly) Benchmarks
| Microsoft Corp | 69.35% |
| Destiny Media Technologies Inc | 87.01% |
| GoDaddy Inc | 64.50% |
| Versus Systems Inc | 39.74% |
| LeddarTech Holdings Inc | 8.79% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | 14.84% |
| Return on Assets | 11.80% |
| Return on Invested Capital | 13.41% |
| Profit Margin (Quarterly) | 8.36% |
| Operating Margin (Quarterly) | 11.78% |
| Return on Net Operating Assets | 73.97% |