• Shopify average net profit margin for 2023 was -20%, a 49.11% decline from 2022.
• Shopify average net profit margin for 2022 was -39.3%, a 161.78% decline from 2021.
• Shopify average net profit margin for 2021 was 63.61%, a 3049.01% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.