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

Shopify's Current Deferred Revenue history runs 13 years deep, the most recent figure standing at $321.0 million for Q1 2026.

• On a quarterly basis, Current Deferred Revenue rose 8.81% year-over-year to $321.0 million in Q1 2026; TTM through Mar 2026 was $321.0 million, a 8.81% increase from a year earlier, with the FY2025 full-year figure at $398.0 million, down 7.44% from the prior year.
• Current Deferred Revenue eased to $321.0 million in Q1 2026 per SHOP's latest filing, from $398.0 million in the prior quarter.
• Across five years, Current Deferred Revenue topped out at $564.0 million in Q4 2022 and bottomed 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.
• Across the five-year window, Current Deferred Revenue jumped 160.16% in 2022 and plunged 38.41% in 2025, its largest moves.
• Year by year, Current Deferred Revenue 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 slipped by 7.44% to $398.0 million in 2025, then decreased by 19.35% to $321.0 million in 2026.
• Per Business Quant, the three latest SHOP Current Deferred Revenue figures stand at $321.0 million (Q1 2026), $398.0 million (Q4 2025), and $410.0 million (Q3 2025).