SHOP
Shopify Inc.
Stock
$151.39+2.30 (+1.54%)Close Oct 2, 2026
- Research and development, 2025
- $1.5B
- YoY, 2025
- +12.4%
- 5-year CAGR
- +22.7%
- 10-year CAGR
- +44.1%
Research and development
Research and development by fiscal year
| Period | R&D | YoY |
|---|---|---|
| 2025 | $1.5B | +12.4% |
| 2024 | $1.4B | −21.0% |
| 2023 | $1.7B | +15.1% |
| 2022 | $1.5B | +75.9% |
| 2021 | $854M | +54.7% |
| 2020 | $552M | +55.5% |
| 2019 | $355M | +53.9% |
| 2018 | $231M | +69.6% |
| 2017 | $136M | +82.9% |
| 2016 | $74M | +87.1% |
| 2015 | $40M | +53.3% |
| 2014 | $26M | +89.4% |
| 2013 | $14M | — |