Growth Metrics

Shopify (SHOP) Current Deferred Revenue (2016 - 2026)

Shopify (SHOP) has disclosed Current Deferred Revenue for 12 consecutive years, with $398.0 million as the latest value for Q4 2025.

  • For Q4 2025, Current Deferred Revenue rose 40.64% year-over-year to $398.0 million; the TTM value through Dec 2025 reached $398.0 million, up 40.64%, while the annual FY2025 figure was $398.0 million, 40.64% up from the prior year.
  • Current Deferred Revenue hit $398.0 million in Q4 2025 for Shopify, down from $410.0 million in the prior quarter.
  • Across five years, Current Deferred Revenue topped out at $564.0 million in Q4 2022 and bottomed at $216.8 million in Q4 2021.
  • Average Current Deferred Revenue over 5 years is $405.3 million, with a median of $421.0 million recorded in 2025.
  • Year-over-year, Current Deferred Revenue soared 160.16% in 2022 and then tumbled 43.17% in 2024.
  • Shopify's Current Deferred Revenue stood at $216.8 million in 2021, then skyrocketed by 160.16% to $564.0 million in 2022, then dropped by 11.7% to $498.0 million in 2023, then plummeted by 43.17% to $283.0 million in 2024, then skyrocketed by 40.64% to $398.0 million in 2025.
  • According to Business Quant data, Current Deferred Revenue over the past three periods came in at $398.0 million, $410.0 million, and $421.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.