Shopify (SHOP) Current Deferred Revenue (2014 - 2026)
Shopify (SHOP) posted Current Deferred Revenue of $414.0 million for Q2 2026, up 1.72% on a QoQ basis from $407.0 million in Q1 2026, and down 1.66% year-over-year from $421.0 million in Q2 2025.
Analysis
Shopify (SHOP) Current Deferred Revenue (2014 - 2026) Analysis & Trends
Shopify has reported Current Deferred Revenue for 13 years, with the latest figure at $414.0 million in Q2 2026.
- On a quarterly basis, Current Deferred Revenue fell 1.66% year-over-year to $414.0 million in Q2 2026; TTM through Jun 2026 was $414.0 million, a 1.66% decrease from a year earlier, with the FY2025 full-year figure at $398.0 million, down 7.44% from the prior year.
- Current Deferred Revenue was $414.0 million for Q2 2026 at Shopify, up from $407.0 million in the prior quarter.
- The five-year high for Current Deferred Revenue was $564.0 million in Q4 2022, with the low at $398.0 million in Q4 2025.
- Average Current Deferred Revenue over 5 years is $447.3 million, with a median of $430.0 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Current Deferred Revenue surged 48.53% in 2022, then retreated 13.65% in 2024.
- Over 5 years, Current Deferred Revenue stood at $564.0 million in 2022, then retreated by 11.7% to $498.0 million in 2023, then declined by 13.65% to $430.0 million in 2024, then dropped by 7.44% to $398.0 million in 2025, then gained by 4.02% to $414.0 million in 2026.
- The last three Current Deferred Revenue figures came in at $414.0 million (Q2 2026), $407.0 million (Q1 2026), and $398.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 414.00 Mn |
| Mar 31, 2026 | 407.00 Mn |
| Dec 31, 2025 | 398.00 Mn |
| Sep 30, 2025 | 410.00 Mn |
| Jun 30, 2025 | 421.00 Mn |
| Mar 31, 2025 | 430.00 Mn |
| Dec 31, 2024 | 430.00 Mn |
| Sep 30, 2024 | 449.00 Mn |
| Jun 30, 2024 | 468.00 Mn |
| Mar 31, 2024 | 479.00 Mn |
| Dec 31, 2023 | 498.00 Mn |
| Dec 31, 2022 | 564.00 Mn |
| Dec 31, 2021 | 379.72 Mn |
| Dec 31, 2020 | 128.82 Mn |
| Dec 31, 2019 | 62.66 Mn |
| Dec 31, 2018 | 41.06 Mn |
| Dec 31, 2017 | 32.05 Mn |
| Dec 31, 2016 | 21.09 Mn |
| Dec 31, 2015 | 12.73 Mn |
| Dec 31, 2014 | 6.78 Mn |