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
DateValue
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