Shopify R&D spend
Shopify Inc. · SHOP (TSX) · Ottawa, ON · Software
Latest R&D (CAD)
$2.15B
Period ended 2025-12-31
Revenue (CAD)
$16.15B
13.3% of revenue · scale $5.89B
R&D by fiscal period
2025
$2.15B
2024
$1.87B
2023
$2.33B
2022
$1.96B
2021
$1.07B
2020
$740.7M
2019
$471.1M
2018
$298.9M
| Period end | R&D (CAD) | Revenue (CAD) | Native R&D | Form | Source |
|---|---|---|---|---|---|
| 2025-12-31 | $2,147,020,800 | $16,152,976,800 | $1,536,000,000 USD | 10-K | SEC EDGAR |
| 2024-12-31 | $1,872,516,600 | $12,163,824,000 | $1,367,000,000 USD | 10-K | SEC EDGAR |
| 2023-12-31 | $2,334,981,000 | $9,528,882,000 | $1,730,000,000 USD | 10-K | SEC EDGAR |
| 2022-12-31 | $1,955,853,900 | $7,287,280,000 | $1,503,000,000 USD | 10-K | SEC EDGAR |
| 2021-12-31 | $1,070,969,091 | $5,780,961,496 | $854,383,000 USD | 40-F | SEC EDGAR |
| 2020-12-31 | $740,678,371 | $3,929,912,176 | $552,127,000 USD | 40-F | SEC EDGAR |
| 2019-12-31 | $471,069,404 | $2,094,077,754 | $355,015,000 USD | 40-F | SEC EDGAR |
| 2018-12-31 | $298,884,302 | $1,390,582,815 | $230,674,000 USD | 40-F | SEC EDGAR |