Research and Development Expense in USD of SHOPIFY INC. from 2013 to Q3 2025

Taxonomy & unit
us-gaap: USD
Description
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Summary
Shopify Inc. quarterly/annual Research and Development Expense history and change rate from 2013 to Q3 2025.
  • Shopify Inc. Research and Development Expense for the quarter ending 30 Sep 2025 was $375M, a 13% increase year-over-year.
  • Shopify Inc. Research and Development Expense for the twelve months ending 30 Sep 2025 was $1.5B.
  • Shopify Inc. annual Research and Development Expense for 2024 was $1.37B, a 21% decline from 2023.
  • Shopify Inc. annual Research and Development Expense for 2023 was $1.73B, a 15.1% increase from 2022.
  • Shopify Inc. annual Research and Development Expense for 2022 was $1.5B, a 75.9% increase from 2021.
Research and Development Expense, Trailing 12 Months (USD)
Research and Development Expense, Quarterly (USD)
Research and Development Expense, YoY Quarterly Change (%)
Research and Development Expense, Annual (USD)
Research and Development Expense, YoY Annual Change (%)

SHOPIFY INC. Quarterly Research and Development Expense (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q3 2025 $1.5B $375M +$43M +13% 01 Jul 2025 30 Sep 2025 10-Q 04 Nov 2025
Q2 2025 $1.45B $394M +$45M +12.9% 01 Apr 2025 30 Jun 2025 10-Q 06 Aug 2025
Q1 2025 $1.41B $377M +$42M +12.5% 01 Jan 2025 31 Mar 2025 10-Q 08 May 2025
Q4 2024 $1.37B $351M 01 Oct 2024 31 Dec 2024 10-K 11 Feb 2025
Q3 2024 $332M 01 Jul 2024 30 Sep 2024 10-Q 04 Nov 2025
Q2 2024 $349M 01 Apr 2024 30 Jun 2024 10-Q 06 Aug 2025
Q1 2024 $335M 01 Jan 2024 31 Mar 2024 10-Q 08 May 2025

SHOPIFY INC. Annual Research and Development Expense (USD)

Period Value YoY Chg Change % Start Date End Date Report Filed
2024 $1.37B -$363M -21% 01 Jan 2024 31 Dec 2024 10-K 11 Feb 2025
2023 $1.73B +$227M +15.1% 01 Jan 2023 31 Dec 2023 10-K 11 Feb 2025
2022 $1.5B +$649M +75.9% 01 Jan 2022 31 Dec 2022 10-K 11 Feb 2025
2021 $854M +$302M +54.7% 01 Jan 2021 31 Dec 2021 40-F 16 Feb 2023
2020 $552M +$197M +55.5% 01 Jan 2020 31 Dec 2020 40-F 16 Feb 2022
2019 $355M +$124M +53.9% 01 Jan 2019 31 Dec 2019 40-F 17 Feb 2021
2018 $231M +$94.7M +69.6% 01 Jan 2018 31 Dec 2018 40-F 12 Feb 2020
2017 $136M +$61.7M +82.9% 01 Jan 2017 31 Dec 2017 40-F 12 Feb 2019
2016 $74.3M +$34.6M +87.1% 01 Jan 2016 31 Dec 2016 40-F 15 Feb 2018
2015 $39.7M +$13.8M +53.3% 01 Jan 2015 31 Dec 2015 40-F 15 Feb 2017
2014 $25.9M +$12.2M +89.4% 01 Jan 2014 31 Dec 2014 20-F 17 Feb 2016
2013 $13.7M 01 Jan 2013 31 Dec 2013 20-F 17 Feb 2016
* An asterisk sign (*) next to the value indicates that the value is likely invalid.