Shopify (SHOP) Interest Coverage Ratio (2024 - 2026)
Shopify (SHOP) posted quarterly Interest Coverage Ratio of 1.0 for Q1 2026, up 124.63% year-over-year from 0.45 in Q1 2025, and up 140.82% quarter-over-quarter from 0.42 in Q3 2025.
Shopify (SHOP) Interest Coverage Ratio (2024 - 2026) Analysis & Trends
Shopify's Interest Coverage Ratio history runs 3 years deep, the most recent figure standing at 1.0 for Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 124.63% year-over-year to 1.0; the TTM figure through Mar 2026 stood at 4.31 (up 64.94% YoY), while the FY2025 annual figure was 1.78, up 3.0% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 1.0, up from 0.42 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 241.0 in Q2 2024, with the low at 0.42 in Q3 2025.
- The 3-year median for Interest Coverage Ratio is 0.48 (2025), against an average of 48.67.
- The sharpest annual moves came in 2025 and 2026: Interest Coverage Ratio sank 99.8% in 2025, then soared 124.63% in 2026.
- Shopify's Interest Coverage Ratio stood at 241.0 in 2024, then slumped by 99.83% to 0.42 in 2025, then soared by 140.82% to 1.0 in 2026.
- Business Quant data shows SHOP's Interest Coverage Ratio at 1.0 in Q1 2026, 0.42 in Q3 2025, and 0.48 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -8.75 |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.32 |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 0.80 |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 14.88 |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 0.15 |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -6.14 |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -13.95 |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 15.65 |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.58 |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 0.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.32 |
| Mar 31, 2026 | 1.00 |
| Sep 30, 2025 | 0.42 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.45 |
| Jun 30, 2024 | 241.00 |