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Shopify's gross profit for the
three
months ended in Jun. 2026 was $1,708 Mil. Shopify's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $6,338 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Shopify's gross profit for the
three
months ended in Jun. 2026 was $1,708 Mil. Shopify's Revenue for the
three
months ended in Jun. 2026 was $3,583 Mil. Therefore, Shopify's Gross Margin % for the quarter that ended in Jun. 2026 was 47.67%.
Shopify had a gross margin of 47.67% for the quarter that ended in Jun. 2026 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Shopify was 56.48%. The lowest was 47.77%. And the median was 53.21%.
Warning Sign:
Shopify Inc gross margin has been in long-term decline. The average rate of decline per year is -1.8%.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Shopify had a gross margin of 47.67% for the quarter that ended in Jun. 2026 => Durable competitive advantage
Shopify Gross Profit Related Terms
Shopify Gross Profit Historical Data
* Premium members only.
The historical data trend for Shopify's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Shopify's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Shopify Gross Profit vs Software Industry
For the Software industry and Technology sector, Shopify's Gross Profit distribution charts can be found below:
* The bar in red indicates where Shopify's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,338 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Shopify (SHOP) has a Gross Profit of $6,338 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Shopify and its competitors.
Is Shopify's Gross Profit too high?
Shopify's current Gross Profit is $6,338 Mil. Overall, Shopify has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shopify's Gross Profit compare to UBER and CRM?
Shopify's Gross Profit of $6,338 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Software company?
A good Gross Profit depends on the Software industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Shopify and its competitors. Shopify's current Gross Profit is $6,338 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shopify stock overvalued right now?
Based on GuruFocus' analysis, Shopify (SHOP) is currently considered Fairly Valued. The stock's GF Value™ is $149.36, compared to a current price of $150.41 — trading 0.7% above its estimated fair value. The current Gross Profit is $6,338 Mil. Shopify's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Shopify (SHOP), the current Gross Profit is $6,338 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shopify (SHOP) Overvalued in 2026?
Based on GuruFocus' analysis, Shopify stock appears to be overvalued.
The current stock price of $150.41 is trading 0.7% above its estimated GF Value™ of $149.36.
GuruFocus considers Shopify to be Fairly Valued.
Key valuation signals for SHOP:
Gross Profit: $6,338 Mil
GF Value™: $149.36 vs. price of $150.41 (0.7% above fair value)
No single metric tells the full story. See the SHOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
85GF Score
Get the complete analysis for SHOP
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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