Shopify (SHOP) Interest Expenses (2014 - 2026)
Shopify's (SHOP) quarterly Interest Expenses came in at $382.0 million in Q1 2026, down 16.23% year-on-year from $456.0 million in Q1 2025, and up 1057.58% quarter-over-quarter from $33.0 million in Q4 2025.
Shopify (SHOP) Interest Expenses (2014 - 2026) Analysis & Trends
Shopify's Interest Expenses history runs 13 years deep, the most recent figure standing at $382.0 million for Q1 2026.
- On a quarterly basis, Interest Expenses fell 16.23% year-over-year to $382.0 million in Q1 2026; TTM through Mar 2026 was $382.0 million, a 16.23% decrease from a year earlier, with the FY2025 full-year figure at $826.0 million, up 32.58% from the prior year.
- Interest Expenses improved to $382.0 million in Q1 2026 per SHOP's latest filing, from $33.0 million in the prior quarter.
- Across five years, Interest Expenses topped out at $826.0 million in Q3 2025 and bottomed at $1.0 million in Q2 2024.
- The 5-year median for Interest Expenses is $394.0 million (2023), against an average of $363.4 million.
- Across the five-year window, Interest Expenses tumbled 83.63% in 2022 and soared 60700.0% in 2025, its largest moves.
- Year by year, Interest Expenses stood at $195.0 million in 2022, then surged by 108.21% to $406.0 million in 2023, then sank by 99.75% to $1.0 million in 2024, then jumped by 3200.0% to $33.0 million in 2025, then jumped by 1057.58% to $382.0 million in 2026.
- Per Business Quant, the three latest SHOP Interest Expenses figures stand at $382.0 million (Q1 2026), $33.0 million (Q4 2025), and $826.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -341.86 Mn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 382.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 180.00 Mn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 2.95 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.09 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 537.20 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 53.08 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 57.23 Mn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 381.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 382.00 Mn |
| Mar 31, 2026 | 382.00 Mn |
| Dec 31, 2025 | 33.00 Mn |
| Dec 31, 2025 | 33.00 Mn |
| Sep 30, 2025 | 826.00 Mn |
| Sep 30, 2025 | 826.00 Mn |
| Jun 30, 2025 | 608.00 Mn |
| Jun 30, 2025 | 608.00 Mn |
| Mar 31, 2025 | 456.00 Mn |
| Mar 31, 2025 | 456.00 Mn |
| Jun 30, 2024 | 1.00 Mn |
| Jun 30, 2024 | 1.00 Mn |
| Dec 31, 2023 | 406.00 Mn |
| Dec 31, 2023 | 406.00 Mn |
| Dec 31, 2022 | 195.00 Mn |
| Dec 31, 2022 | 195.00 Mn |
| Dec 31, 2021 | 1.19 Bn |
| Dec 31, 2021 | 1.19 Bn |
| Dec 31, 2020 | 2.56 Bn |
| Dec 31, 2020 | 2.56 Bn |