Shopify (SHOP) Debt Ratio (2024 - 2025)
Shopify (SHOP) recorded quarterly Debt Ratio of 0.06 in Q3 2025, down 3.07% quarter-over-quarter from 0.06 in Q2 2025.
Shopify (SHOP) Debt Ratio (2024 - 2025) Analysis & Trends
Shopify's Debt Ratio history runs 2 years deep, the most recent figure standing at 0.06 for Q3 2025.
- In Q3 2025, Debt Ratio changed N/A year-over-year to 0.06; the TTM figure through Sep 2025 stood at 0.06 (changed N/A YoY), while the FY2024 annual figure was 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.
- In the past five years, Debt Ratio ranged from a high of 0.07 in Q1 2025 to a low of 0.06 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 0.08 |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 0.00 |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 0.18 |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | - |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 0.37 |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 0.24 |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | - |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 0.06 |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 0.06 |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 0.06 |
| Jun 30, 2025 | 0.06 |
| Mar 31, 2025 | 0.07 |
| Dec 31, 2024 | 0.07 |