Shopify Gross Margin 2013-2024 | SHOP

Shopify gross margin for the quarter ending September 30, 2024 was 50.93%.

  • Shopify average gross margin for 2023 was 48.61%, a 4.98% increase from 2022.
  • Shopify average gross margin for 2022 was 51.16%, a 5.24% decline from 2021.
  • Shopify average gross margin for 2021 was 53.99%, a 1.07% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.

Shopify Gross Margin 2013-2024 | SHOP

  • Shopify average gross margin for 2023 was 48.61%, a 4.98% increase from 2022.
  • Shopify average gross margin for 2022 was 51.16%, a 5.24% decline from 2021.
  • Shopify average gross margin for 2021 was 53.99%, a 1.07% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.
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