Shopify (SHOP) Current Deferred Revenue (2014 - 2026)
Shopify (SHOP) reported Current Deferred Revenue of $335 million for Q2 2026, up 12.4% from $298 million a year earlier and up 4.4% from the prior quarter.
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Analysis
Shopify (SHOP) Current Deferred Revenue (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify posted Current Deferred Revenue of $300 million, up 6.0% from FY2024.
- Current Deferred Revenue has a five-year compound annual growth rate of 22.7% (FY2020 to FY2025).
- By year, Current Deferred Revenue came in at $283 million in FY2024 (-6.3%), $302 million in FY2023 (+2.0%), $296 million in FY2022 (+36.5%) and $216.79 million in FY2021 (+101.1%).
- The Q2 2026 figure ranks as the highest quarterly Current Deferred Revenue in data going back to Q4 2014.
- Year over year, Current Deferred Revenue has now increased in each of the last four quarters, with growth averaging 3.4% over the last seven quarters.
- The high point for year-over-year Current Deferred Revenue in five years was Q4 2021 (growth of 101.1%); the low point was Q4 2024 (a decline of 6.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $321 million (Q1 2026), $300 million (Q4 2025) and $300 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 335.00 Mn |
| Mar 31, 2026 | 321.00 Mn |
| Dec 31, 2025 | 300.00 Mn |
| Sep 30, 2025 | 300.00 Mn |
| Jun 30, 2025 | 298.00 Mn |
| Mar 31, 2025 | 295.00 Mn |
| Dec 31, 2024 | 283.00 Mn |
| Sep 30, 2024 | 290.00 Mn |
| Jun 30, 2024 | 298.00 Mn |
| Mar 31, 2024 | 296.00 Mn |
| Dec 31, 2023 | 302.00 Mn |
| Dec 31, 2022 | 296.00 Mn |
| Dec 31, 2021 | 216.79 Mn |
| Dec 31, 2020 | 107.81 Mn |
| Dec 31, 2019 | 56.69 Mn |
| Dec 31, 2018 | 39.18 Mn |
| Dec 31, 2017 | 30.69 Mn |
| Dec 31, 2016 | 20.16 Mn |
| Dec 31, 2015 | 12.73 Mn |
| Dec 31, 2014 | 6.78 Mn |
API Access
Shopify Current Deferred Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-deferred-revenue", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();