Last Price$106.6(4.8%)
Market Cap$143.3B
LTM Cost of Goods Sold (COGS)
$4,407.8M
YoY Growth
+24.3%
3Y CAGR
+27.4%
5Y CAGR
+44.0%
Stock quality & Intrinsic value
8/10
54.2% overvalued
Shopify Inc. Cost of Goods Sold (COGS)
Annual
Quarterly
LTM
Crunching data... Almost there!
| Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of Goods Sold (COGS) | $4,776.0K | $13.5M | $43.2M | $94.2M | $179.8M | $293.1M | $477.0M | $712.5M | $1,388.0M | $2,130.7M | $2,845.7M | $3,545.0M | $4,408.0M |
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Shopify Inc. (SHOP) Cost of Goods Sold (COGS) comparison analysis
General
LTM Cost of Goods Sold (COGS)
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
Shopify Inc.SHOP
$4,407.8M
24.3%
27.4%
44.0%
Median Peer Set
$1,978.5M
11.4%
7.9%
12.4%
Uber Technologies, Inc.UBER
$27.5B
22.5%
43.3%
30.7%
SAP SESAP
$9,953.7M
6.2%
5.0%
2.0%
Salesforce, Inc.CRM
$8,643.0M
1.2%
7.1%
15.3%
Intuit Inc.INTU
$3,622.0M
9.5%
21.0%
23.4%
ServiceNow, Inc.NOW
$2,287.0M
19.1%
19.1%
23.5%
Workday, Inc.WDAY
$1,670.0M
(5.7%)
5.4%
9.4%
AppLovin CorporationAPP
$1,200.4M
13.3%
6.7%
N/A
Coinbase Global, Inc.COIN
$871.8M
93.6%
(11.7%)
60.4%
Cadence Design Systems, Inc.CDNS
$392.7M
(10.7%)
8.6%
8.1%
MicroStrategy IncorporatedMSTR
$129.5M
17.8%
12.1%
5.3%
SHOP key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 23.7 0.0% | 50.3 111.9% | 105.0 109.0% | 205.2 95.4% | 389.3 89.7% | 673.3 72.9% | 1,073.2 59.4% | 1,578.2 47.0% | 2,929.5 85.6% | 4,611.9 57.4% | 5,599.9 21.4% | 7,060.0 26.1% | 8,880.0 25.8% |
| Cost of Goods Sold (COGS) | 4.8 | 13.5 | 43.2 | 94.2 | 179.8 | 293.1 | 477.0 | 712.5 | 1,388.0 | 2,130.7 | 2,845.7 | 3,545.0 | 4,408.0 |
% margin | 18.9 79.9% | 36.7 73.1% | 61.8 58.8% | 111.1 54.1% | 209.5 53.8% | 380.3 56.5% | 596.3 55.6% | 865.6 54.9% | 1,541.5 52.6% | 2,481.1 53.8% | 2,754.1 49.2% | 3,515.0 49.8% | 4,472.0 50.4% |
| Operating Expenses | 20.5 | 41.0 | 83.4 | 128.8 | 246.7 | 429.4 | 688.2 | 1,006.8 | 1,451.4 | 2,212.5 | 3,576.4 | 4,933.0 | 3,397.0 |
| Research & Development Expenses (R&D) | 6.5 | 13.7 | 25.9 | 39.7 | 74.3 | 136.0 | 230.7 | 355.0 | 552.1 | 854.4 | 1,503.2 | 1,730.0 | 1,367.0 |
| Selling, General & Administrative Expenses (SG&A) | 14.0 | 27.3 | 57.5 | 89.1 | 172.3 | 293.4 | 457.5 | 651.8 | 847.4 | 1,276.4 | 1,938.3 | 1,711.0 | 1,796.0 |
% margin | (1.5) (6.4%) | (4.3) (8.5%) | (21.6) (20.6%) | (17.8) (8.7%) | (37.2) (9.5%) | (49.2) (7.3%) | (91.9) (8.6%) | (141.1) (8.9%) | 90.2 3.1% | 268.6 5.8% | (822.3) (14.7%) | 260.0 3.7% | 1,075.0 12.1% |
| Interest Income | 0.1 | 0.0 | 0.1 | 0.2 | 1.5 | 7.9 | 29.4 | 48.2 | 23.4 | 15.4 | 79.1 | 241.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.6 | 1.2 | 1.2 | 0.0 | 0.0 |
| Pre-tax Income | (1.2) | (4.8) | (22.3) | (18.8) | (35.4) | (40.0) | (64.6) | (95.8) | 240.4 | 3,140.6 | (3,622.8) | 185.0 | 2,228.0 |
% effective tax rate | (0.3) 22.9% | 0.6 (11.7%) | 0.7 (3.1%) | (1.0) 5.2% | 0.2 (0.5%) | (0.8) 2.1% | 27.4 (42.4%) | 29.0 (30.3%) | (79.1) (32.9%) | 225.9 7.2% | (162.4) 4.5% | 53.0 28.6% | 209.0 9.4% |
% margin | (1.2) (5.2%) | (4.8) (9.6%) | (22.3) (21.2%) | (18.8) (9.2%) | (35.4) (9.1%) | (40.0) (5.9%) | (64.6) (6.0%) | (124.8) (7.9%) | 319.5 10.9% | 2,914.7 63.2% | (3,460.4) (61.8%) | 132.0 1.9% | 2,019.0 22.7% |
| EPS | (0.00) | (0.00) | (0.02) | (0.03) | (0.04) | (0.04) | (0.06) | (0.11) | 0.28 | 2.32 | (2.73) | 0.10 | 1.57 |
| Diluted EPS | (0.00) | (0.00) | (0.02) | (0.03) | (0.04) | (0.04) | (0.06) | (0.11) | 0.27 | 2.27 | (2.73) | 0.10 | 1.55 |
% margin | (0.9) (3.6%) | (2.8) (5.6%) | (16.9) (16.1%) | (10.5) (5.1%) | (23.2) (6.0%) | (25.8) (3.8%) | (68.7) (6.4%) | (61.6) (3.9%) | 160.2 5.5% | 335.0 7.3% | (383.0) (6.8%) | (8.0) (0.1%) | 1,338.0 15.1% |
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FAQ
1) What is Shopify Inc.'s Cost of Goods Sold (COGS)?
As of today, Shopify Inc.'s last 12-month Cost of Goods Sold (COGS) is $4,407.8M, based on the financial report for Dec 31, 2024 (Q4’2024).
2) What is Shopify Inc.'s Cost of Goods Sold (COGS) growth rate?
Over the last year, Shopify Inc.'s Cost of Goods Sold (COGS) growth was 24.3%. The average annual Cost of Goods Sold (COGS) growth rates for Shopify Inc. have been 35.7% over the past three years, 44.0% over the past five years.
3) Is Shopify Inc.'s Cost of Goods Sold (COGS) growth rate Good?
Over the last year, Shopify Inc.'s Cost of Goods Sold (COGS) growth was 24.3%, which is higher than industry growth of 0.1%. It indicates that Shopify Inc.'s Cost of Goods Sold (COGS) growth is Good.