Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
163.44
+3.59 (2.25%)
Dec 16, 2025, 3:57 PM EST - Market open
Shopify Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | +20 Quarters |
Cash & Equivalents | 2,414 | 1,542 | 1,309 | 1,498 | 1,507 | 1,541 | 1,623 | 1,413 | 1,287 | 1,611 | 1,738 | 1,649 | 1,378 | 3,351 | 2,452 | 2,503 | 2,190 | 2,365 | 2,786 | 2,704 | Upgrade |
Short-Term Investments | 3,935 | 4,278 | 4,205 | 4,016 | 3,388 | 3,480 | 3,554 | 3,626 | 3,631 | 3,169 | 3,125 | 3,438 | 3,563 | 3,604 | 4,795 | 5,287 | 5,329 | 5,391 | 5,087 | 3,694 | Upgrade |
Cash & Short-Term Investments | 6,349 | 5,820 | 5,514 | 5,514 | 4,895 | 5,021 | 5,177 | 5,039 | 4,918 | 4,780 | 4,863 | 5,087 | 4,941 | 6,955 | 7,247 | 7,790 | 7,519 | 7,755 | 7,872 | 6,397 | Upgrade |
Cash Growth | 29.70% | 15.91% | 6.51% | 9.43% | -0.47% | 5.04% | 6.46% | -0.94% | -0.47% | -31.27% | -32.89% | -34.70% | -34.28% | -10.32% | -7.95% | 21.76% | 22.83% | 93.84% | 233.50% | 159.21% | Upgrade |
Accounts Receivable | 286 | 264 | 228 | 252 | 192 | 174 | 178 | 194 | 173 | 186 | 202 | 203 | 158.31 | 140.47 | 163.9 | 127.14 | 98.89 | 91.88 | 98.34 | 63.52 | Upgrade |
Other Receivables | 131 | 106 | 69 | 122 | 89 | 101 | 87 | 98 | 75 | 76 | 74 | 75 | 94.87 | 111.47 | 64.72 | 70.1 | 110.26 | 118.47 | 121.95 | 114.12 | Upgrade |
Receivables | 1,833 | 1,676 | 1,451 | 1,395 | 1,242 | 1,043 | 940 | 964 | 927 | 809 | 659 | 487 | 460.78 | 392.12 | 324.52 | 266.93 | 281.71 | 271.41 | 270.13 | 218.52 | Upgrade |
Inventory | - | - | - | 26 | - | - | - | 19 | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Prepaid Expenses | - | - | - | 59 | - | - | - | 55 | - | - | - | 48 | - | - | - | 49.92 | - | - | - | 25.05 | Upgrade |
Other Current Assets | 523 | 505 | 480 | 260 | 404 | 338 | 323 | 198 | 316 | 320 | 405 | 428 | 610.77 | 510.86 | 503.67 | 432.84 | 532.35 | 433.37 | 340.53 | 236.84 | Upgrade |
Total Current Assets | 8,705 | 8,001 | 7,445 | 7,254 | 6,541 | 6,402 | 6,440 | 6,275 | 6,161 | 5,909 | 5,927 | 6,050 | 6,013 | 7,858 | 8,075 | 8,539 | 8,333 | 8,460 | 8,483 | 6,878 | Upgrade |
Property, Plant & Equipment | 145 | 143 | 151 | 140 | 143 | 144 | 148 | 147 | 124 | 170 | 482 | 486 | 478.2 | 338.76 | 329.78 | 301.91 | 215.2 | 211.01 | 215.18 | 211.48 | Upgrade |
Long-Term Investments | 5,613 | 5,831 | 5,153 | 5,998 | 5,130 | 4,182 | 4,029 | 4,377 | 3,680 | 3,132 | 2,277 | 1,954 | 2,422 | 1,994 | 2,895 | 3,956 | 4,445 | 2,796 | 1,631 | 173.45 | Upgrade |
Goodwill | 491 | 491 | 491 | 452 | 452 | 449 | 427 | 427 | 427 | 427 | 1,865 | 1,836 | 1,836 | 379.35 | 356.53 | 356.53 | 349.43 | 311.87 | 311.87 | 311.87 | Upgrade |
Other Intangible Assets | 33 | 36 | 39 | 22 | 24 | 26 | 25 | 29 | 33 | 26 | 372 | 390 | 410.82 | 133.13 | 131.61 | 138.5 | 141.93 | 124.2 | 129.69 | 135.68 | Upgrade |
Long-Term Accounts Receivable | 5 | 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Long-Term Deferred Tax Assets | 29 | 31 | 98 | 37 | 39 | 44 | 43 | 44 | 39 | 39 | 41 | 41 | 43.25 | 44.76 | 47.06 | 48.37 | 52.07 | 52.11 | 54.1 | 52.68 | Upgrade |
Other Long-Term Assets | 18 | 25 | 23 | 21 | - | 99 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Total Assets | 15,039 | 14,561 | 13,400 | 13,924 | 12,329 | 11,346 | 11,112 | 11,299 | 10,464 | 9,703 | 10,964 | 10,757 | 11,203 | 10,748 | 11,834 | 13,340 | 13,537 | 11,956 | 10,825 | 7,763 | Upgrade |
Accounts Payable | 941 | 839 | 768 | 360 | 612 | 556 | 587 | 364 | 533 | 544 | 535 | 364 | 596.11 | 419.41 | 406.65 | 284.01 | 350.59 | 289.54 | 338.88 | 168.72 | Upgrade |
Accrued Expenses | - | - | - | 220 | - | - | - | 128 | - | 9 | - | 115 | - | - | - | 138.09 | - | - | - | 115.99 | Upgrade |
Current Portion of Long-Term Debt | 920 | 919 | 919 | 918 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Current Portion of Leases | 19 | 20 | 19 | 18 | 18 | 17 | 17 | 17 | 15 | 16 | 24 | 18 | 17.02 | 25.67 | 19.34 | 15.75 | 15.62 | 15.84 | 15.57 | 10.05 | Upgrade |
Current Income Taxes Payable | - | - | - | 58 | - | - | - | 18 | - | - | - | 9 | 4.46 | 4.13 | 8.29 | 13.51 | 26.5 | 22.54 | 25.94 | 19.68 | Upgrade |
Current Unearned Revenue | 300 | 298 | 295 | 283 | 290 | 298 | 296 | 302 | 304 | 310 | 324 | 296 | 287.63 | 254.01 | 247.65 | 216.79 | 203.85 | 183.16 | 114.73 | 107.81 | Upgrade |
Other Current Liabilities | 33 | 2 | 8 | 99 | 1 | 3 | 2 | 69 | - | 1 | - | 54 | - | - | - | 34.59 | - | - | - | 16.09 | Upgrade |
Total Current Liabilities | 2,213 | 2,078 | 2,009 | 1,956 | 921 | 874 | 902 | 898 | 852 | 880 | 883 | 856 | 905.22 | 703.21 | 681.93 | 702.73 | 596.56 | 511.08 | 495.1 | 438.33 | Upgrade |
Long-Term Debt | - | - | - | - | 917 | 917 | 916 | 916 | 915 | 914 | 914 | 913 | 912.72 | 912.14 | 911.55 | 910.96 | 910.38 | 909.79 | 909.21 | 758.01 | Upgrade |
Long-Term Leases | 176 | 200 | 200 | 190 | 206 | 203 | 212 | 217 | 192 | 204 | 461 | 465 | 369.13 | 254.42 | 264.53 | 246.78 | 174.19 | 151.16 | 153.92 | 144.84 | Upgrade |
Long-Term Unearned Revenue | 110 | 123 | 135 | 147 | 159 | 170 | 183 | 196 | 216 | 236 | 232 | 268 | 299.63 | 159.41 | 186.64 | 162.93 | 174.48 | 135.32 | 22.42 | 21.01 | Upgrade |
Long-Term Deferred Tax Liabilities | 29 | 36 | 5 | 73 | 8 | 10 | 6 | 6 | 5 | 6 | 17 | 16 | 23.58 | 1.34 | 0.21 | 183.43 | 310.64 | 127.78 | 102.37 | - | Upgrade |
Total Liabilities | 2,528 | 2,437 | 2,349 | 2,366 | 2,211 | 2,174 | 2,219 | 2,233 | 2,180 | 2,240 | 2,507 | 2,518 | 2,510 | 2,031 | 2,045 | 2,207 | 2,166 | 1,835 | 1,683 | 1,362 | Upgrade |
Common Stock | 10,123 | 9,985 | 9,831 | 9,634 | 9,474 | 9,368 | 9,283 | 9,201 | 9,098 | 9,019 | 8,886 | 8,747 | 8,653 | 8,245 | 8,151 | 8,040 | 7,931 | 7,838 | 7,761 | 6,115 | Upgrade |
Additional Paid-In Capital | 272 | 281 | 279 | 305 | 309 | 301 | 277 | 251 | 239 | 205 | 32 | 30 | - | 221.86 | 174.57 | 161.07 | 136.02 | 118.4 | 92.91 | 261.44 | Upgrade |
Retained Earnings | 2,117 | 1,853 | 947 | 1,629 | 336 | -492 | -663 | -390 | -1,047 | -1,765 | -454 | -522 | 101.42 | 259.83 | 1,464 | 2,938 | 3,309 | 2,161 | 1,282 | 15.29 | Upgrade |
Comprehensive Income & Other | -1 | 5 | -6 | -10 | -1 | -5 | -4 | 4 | -6 | 4 | -7 | -16 | -61.42 | -9.12 | 0.41 | -5.97 | -5.89 | 3.3 | 6.05 | 8.77 | Upgrade |
Total Common Equity | 12,511 | 12,124 | 11,051 | 11,558 | 10,118 | 9,172 | 8,893 | 9,066 | 8,284 | 7,463 | 8,457 | 8,239 | 8,693 | 8,717 | 9,790 | 11,133 | 11,370 | 10,121 | 9,142 | 6,401 | Upgrade |
Shareholders' Equity | 12,511 | 12,124 | 11,051 | 11,558 | 10,118 | 9,172 | 8,893 | 9,066 | 8,284 | 7,463 | 8,457 | 8,239 | 8,693 | 8,717 | 9,790 | 11,133 | 11,370 | 10,121 | 9,142 | 6,401 | Upgrade |
Total Liabilities & Equity | 15,039 | 14,561 | 13,400 | 13,924 | 12,329 | 11,346 | 11,112 | 11,299 | 10,464 | 9,703 | 10,964 | 10,757 | 11,203 | 10,748 | 11,834 | 13,340 | 13,537 | 11,956 | 10,825 | 7,763 | Upgrade |
Total Debt | 1,115 | 1,139 | 1,138 | 1,126 | 1,141 | 1,137 | 1,145 | 1,150 | 1,122 | 1,134 | 1,399 | 1,396 | 1,299 | 1,192 | 1,195 | 1,173 | 1,100 | 1,077 | 1,079 | 912.9 | Upgrade |
Net Cash (Debt) | 5,910 | 5,512 | 5,270 | 5,097 | 3,754 | 3,884 | 4,032 | 4,004 | 3,796 | 3,646 | 3,464 | 3,691 | 3,643 | 5,763 | 6,051 | 6,616 | 6,419 | 6,679 | 6,794 | 5,484 | Upgrade |
Net Cash Growth | 57.43% | 41.92% | 30.70% | 27.30% | -1.11% | 6.53% | 16.40% | 8.48% | 4.21% | -36.73% | -42.76% | -44.21% | -43.25% | -13.72% | -10.93% | 20.64% | 23.00% | 73.57% | 206.15% | 136.77% | Upgrade |
Net Cash Per Share | 4.50 | 4.21 | 4.07 | 3.91 | 2.88 | 2.99 | 3.13 | 3.09 | 2.93 | 2.85 | 2.68 | 2.90 | 2.87 | 4.57 | 4.80 | 5.26 | 5.03 | 5.24 | 5.36 | 4.37 | Upgrade |
Filing Date Shares Outstanding | 1,302 | 1,300 | 1,297 | 1,295 | 1,292 | 1,290 | 1,289 | 1,287 | 1,285 | 1,283 | 1,279 | 1,277 | 1,272 | 1,268 | 1,261 | 1,260 | 1,256 | 1,248 | 1,243 | 1,226 | Upgrade |
Total Common Shares Outstanding | 1,301 | 1,299 | 1,297 | 1,295 | 1,292 | 1,290 | 1,288 | 1,287 | 1,284 | 1,282 | 1,279 | 1,275 | 1,272 | 1,263 | 1,261 | 1,260 | 1,256 | 1,248 | 1,243 | 1,225 | Upgrade |
Working Capital | 6,492 | 5,923 | 5,436 | 5,298 | 5,620 | 5,528 | 5,538 | 5,377 | 5,309 | 5,029 | 5,044 | 5,194 | 5,108 | 7,155 | 7,393 | 7,837 | 7,736 | 7,949 | 7,988 | 6,439 | Upgrade |
Book Value Per Share | 9.61 | 9.33 | 8.52 | 8.93 | 7.83 | 7.11 | 6.90 | 7.05 | 6.45 | 5.82 | 6.61 | 6.46 | 6.83 | 6.90 | 7.76 | 8.84 | 9.05 | 8.11 | 7.35 | 5.22 | Upgrade |
Tangible Book Value | 11,987 | 11,597 | 10,521 | 11,084 | 9,642 | 8,697 | 8,441 | 8,610 | 7,824 | 7,010 | 6,220 | 6,013 | 6,446 | 8,205 | 9,301 | 10,638 | 10,879 | 9,684 | 8,700 | 5,953 | Upgrade |
Tangible Book Value Per Share | 9.21 | 8.93 | 8.11 | 8.56 | 7.46 | 6.74 | 6.55 | 6.69 | 6.09 | 5.47 | 4.86 | 4.72 | 5.07 | 6.50 | 7.37 | 8.45 | 8.66 | 7.76 | 7.00 | 4.86 | Upgrade |
Machinery | - | - | - | 68 | - | - | - | 63 | - | - | - | 102 | - | - | - | 73.74 | - | - | - | 60.52 | Upgrade |
Leasehold Improvements | - | - | - | 149 | - | - | - | 142 | - | - | - | 182 | - | - | - | 159.13 | - | - | - | 131.2 | Upgrade |
Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.