Shopify (SHOP) Current Deferred Revenue (2014 - 2026)
Shopify (SHOP) posted quarterly Current Deferred Revenue of $321.0 million for Q1 2026, up 8.81% year-over-year from $295.0 million in Q1 2025, and down 19.35% quarter-over-quarter from $398.0 million in Q4 2025.
Shopify (SHOP) Current Deferred Revenue (2014 - 2026) Analysis & Trends
Shopify's Current Deferred Revenue history runs 13 years deep, the most recent figure standing at $321.0 million for Q1 2026.
- In Q1 2026, Current Deferred Revenue rose 8.81% year-over-year to $321.0 million; the TTM figure through Mar 2026 stood at $321.0 million (up 8.81% YoY), while the FY2025 annual figure was $398.0 million, down 7.44% from the prior year.
- Current Deferred Revenue for Q1 2026 stood at $321.0 million, down from $398.0 million in the prior quarter.
- The five-year high for Current Deferred Revenue was $564.0 million in Q4 2022, with the low at $295.0 million in Q1 2025.
- The 5-year median for Current Deferred Revenue is $430.0 million (2024), against an average of $430.3 million.
- The sharpest annual moves came in 2022 and 2025: Current Deferred Revenue jumped 160.16% in 2022, then tumbled 38.41% in 2025.
- Shopify's Current Deferred Revenue stood at $564.0 million in 2022, then declined by 11.7% to $498.0 million in 2023, then slipped by 13.65% to $430.0 million in 2024, then decreased by 7.44% to $398.0 million in 2025, then retreated by 19.35% to $321.0 million in 2026.
- Business Quant data shows SHOP's Current Deferred Revenue at $321.0 million in Q1 2026, $398.0 million in Q4 2025, and $410.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 414.00 Mn |
| Mar 31, 2026 | 321.00 Mn |
| Dec 31, 2025 | 398.00 Mn |
| Sep 30, 2025 | 410.00 Mn |
| Jun 30, 2025 | 421.00 Mn |
| Mar 31, 2025 | 295.00 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 | 216.79 Mn |
| Dec 31, 2020 | 128.82 Mn |
| Dec 31, 2019 | 56.69 Mn |
| Dec 31, 2018 | 41.06 Mn |
| Dec 31, 2017 | 1.48 Mn |
| Dec 31, 2016 | 21.09 Mn |
| Dec 31, 2015 | 12.73 Mn |
| Dec 31, 2014 | 485,000.00 |