ServiceNow vs Shopify: revenue, profit, margins and growth compared
ServiceNow brought in $13.3B of revenue in fiscal 2025, Shopify $11.6B in fiscal 2025. Revenue changed by +20.9% at ServiceNow and +30.1% at Shopify on the year before, so Shopify grew faster. ServiceNow kept 13.2% of its revenue as net profit, Shopify 10.7%. Free cash flow was $4.6B at ServiceNow and $2B at Shopify.
Fiscal years as each company reports them; the two may end in different months.
Questions about ServiceNow and Shopify
Which is bigger by revenue, ServiceNow or Shopify?
ServiceNow is bigger by revenue: $13.3B in fiscal 2025, against $11.6B for Shopify in fiscal 2025.
Which keeps more of its revenue as profit, ServiceNow or Shopify?
ServiceNow had a net margin of 13.2% in fiscal 2025; Shopify had 10.7% in fiscal 2025.
Which grew revenue faster, ServiceNow or Shopify?
In their latest fiscal years revenue changed by +20.9% at ServiceNow and +30.1% at Shopify.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.