Shopify (SHOP) Goodwill (2014 - 2026)
Shopify (SHOP) reported Goodwill of $495 million for Q3 2026, up 0.8% from $491 million a year earlier and up 0.8% from the prior quarter.
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Analysis
Shopify (SHOP) Goodwill (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify posted Goodwill of $491 million, up 8.6% from FY2024.
- Goodwill has a five-year compound annual growth rate of 9.5% (FY2020 to FY2025).
- By year, Goodwill came in at $452 million in FY2024 (+5.9%), $427 million in FY2023 (-76.7%), $1.84 billion in FY2022 (+414.3%) and $357 million in FY2021 (+14.5%).
- The Q3 2026 figure ranks as the highest quarterly Goodwill since Q4 2022.
- Year over year, Goodwill gained in three of the last five quarters, with growth averaging 3.1%.
- The high point for year-over-year Goodwill in five years was Q4 2022 (growth of 414.3%); the low point was Q4 2023 (a decline of 76.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $491 million (Q2 2026), $491 million (Q1 2026) and $491 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 495.00 Mn |
| Jun 30, 2026 | 491.00 Mn |
| Mar 31, 2026 | 491.00 Mn |
| Dec 31, 2025 | 491.00 Mn |
| Sep 30, 2025 | 491.00 Mn |
| Jun 30, 2025 | 491.00 Mn |
| Mar 31, 2025 | 491.00 Mn |
| Dec 31, 2024 | 452.00 Mn |
| Dec 31, 2023 | 427.00 Mn |
| Dec 31, 2022 | 1.84 Bn |
| Dec 31, 2021 | 357.00 Mn |
| Dec 31, 2020 | 311.87 Mn |
| Dec 31, 2019 | 311.87 Mn |
| Dec 31, 2018 | 38.02 Mn |
| Dec 31, 2017 | 20.32 Mn |
| Dec 31, 2016 | 15.50 Mn |
| Dec 31, 2015 | 2.37 Mn |
| Dec 31, 2014 | 2.37 Mn |
API Access
Shopify Goodwill 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=goodwill&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();