Shopify (SHOP) Debt Ratio (2024 - 2025)
Shopify's (SHOP) Debt Ratio stood at 0.06 in Q3 2025, down 3.1% from the prior quarter.
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Analysis
Shopify (SHOP) Debt Ratio (2024 - 2025) Analysis & Trends
For FY2024, Shopify's Debt Ratio came in at 0.07.
- Per Business Quant, the preceding three quarters came in at 0.06 (Q2 2025), 0.07 (Q1 2025) and 0.07 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn | 0.19 |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn | 0.24 |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn | 0.07 |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn | 0.19 |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - | 0.68 |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn | - |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn | 0.09 |
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();