• Shopify average pre-tax profit margin for 2023 was -19.46%, a 53.93% decline from 2022.
• Shopify average pre-tax profit margin for 2022 was -42.24%, a 162.03% decline from 2021.
• Shopify average pre-tax profit margin for 2021 was 68.1%, a 85025% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.