Shopify (SHOP) Debt Ratio (2024 - 2025)
Shopify (SHOP) posted Debt Ratio of 0.06 for Q3 2025, down 3.07% on a QoQ basis from 0.06 in Q2 2025.
Powered by 
Analysis
Shopify (SHOP) Debt Ratio (2024 - 2025) Analysis & Trends
Shopify has reported Debt Ratio for 2 years, with the latest figure at 0.06 in Q3 2025.
- On a quarterly basis, Debt Ratio changed N/A year-over-year to 0.06 in Q3 2025; TTM through Sep 2025 was 0.06, a N/A change from a year earlier, with the FY2024 full-year figure at 0.07, changed N/A from the prior year.
- Debt Ratio was 0.06 for Q3 2025 at Shopify, down from 0.06 in the prior quarter.
- The five-year high for Debt Ratio was 0.07 in Q1 2025, with the low at 0.06 in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | 0.19 |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | 0.24 |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 0.09 |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | 0.19 |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 0.68 |
| 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 | 0.43 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 0.06 |
| Jun 30, 2025 | 0.06 |
| Mar 31, 2025 | 0.07 |
| Dec 31, 2024 | 0.07 |
API Access
Shopify Debt Ratio 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=debt-ratio&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();