Shopify (SHOP) Interest Expenses (2014 - 2026)
Shopify (SHOP) posted quarterly Interest Expenses of $382.0 million for Q1 2026, down 16.23% year-over-year from $456.0 million in Q1 2025, and down 53.75% quarter-over-quarter from $826.0 million in Q3 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.
- In Q1 2026, Interest Expenses fell 16.23% year-over-year to $382.0 million; the TTM figure through Mar 2026 stood at $382.0 million (down 16.23% YoY), while the FY2025 annual figure was $826.0 million, up 32.58% from the prior year.
- Interest Expenses for Q1 2026 stood at $382.0 million, down from $826.0 million in the prior quarter.
- The five-year high for Interest Expenses was $826.0 million in Q3 2025, with the low at $1.0 million in Q2 2024.
- The 5-year median for Interest Expenses is $406.0 million (2023), against an average of $410.6 million.
- The sharpest annual moves came in 2022 and 2025: Interest Expenses slumped 83.63% in 2022, then soared 60700.0% in 2025.
- Shopify's Interest Expenses stood at $195.0 million in 2022, then jumped by 108.21% to $406.0 million in 2023, then slumped by 99.75% to $1.0 million in 2024, then jumped by 82500.0% to $826.0 million in 2025, then tumbled by 53.75% to $382.0 million in 2026.
- Business Quant data shows SHOP's Interest Expenses at $382.0 million in Q1 2026, $826.0 million in Q3 2025, and $608.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -714.85 Mn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 369.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 2.95 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 127.00 Mn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.09 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 53.08 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 130.80 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 143.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 878.00 Mn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 406.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 369.00 Mn |
| Jun 30, 2026 | 369.00 Mn |
| Mar 31, 2026 | 382.00 Mn |
| Mar 31, 2026 | 382.00 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 |