Shopify (SHOP) Current Deferred Revenue (2014 - 2026)

Shopify's Current Deferred Revenue history runs 13 years deep, the most recent figure standing at $407.0 million for Q1 2026.

• In Q1 2026, Current Deferred Revenue fell 5.35% year-over-year to $407.0 million; the TTM figure through Mar 2026 stood at $407.0 million (down 5.35% YoY), while the FY2025 annual figure was $300.0 million, down 30.23% from the prior year.
• Current Deferred Revenue was $407.0 million for Q1 2026 at Shopify, up from $300.0 million in the prior quarter.
• In the past five years, Current Deferred Revenue ranged from a high of $564.0 million in Q4 2022 to a low of $290.0 million in Q3 2024.
• Historically, Current Deferred Revenue has averaged $427.0 million across 5 years, with a median of $430.0 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Current Deferred Revenue jumped 48.53% in 2022, then slumped 30.23% in 2025.
• A 5-year view of Current Deferred Revenue shows it stood at $564.0 million in 2022, then fell by 11.7% to $498.0 million in 2023, then dropped by 13.65% to $430.0 million in 2024, then plunged by 30.23% to $300.0 million in 2025, then surged by 35.67% to $407.0 million in 2026.
• The last three Current Deferred Revenue figures came in at $407.0 million (Q1 2026), $300.0 million (Q4 2025), and $410.0 million (Q3 2025), per Business Quant data.