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.
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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 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 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();