Shopify (SHOP) Non-Current Deffered Revenue (2014 - 2026)
Shopify (SHOP) posted Non-Current Deffered Revenue of $79 million for Q2 2026, down 35.8% from $123 million a year earlier and down 8.1% from the prior quarter.
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Analysis
Shopify (SHOP) Non-Current Deffered Revenue (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify's Non-Current Deffered Revenue came in at $98 million, down 33.3% from FY2024.
- Annual Non-Current Deffered Revenue has declined for three consecutive years, though with a five-year compound annual growth rate of 36.1% (FY2020 to FY2025).
- In prior years, Shopify's Non-Current Deffered Revenue was $147 million in FY2024 (-25.0%), $196 million in FY2023 (-26.9%), $268 million in FY2022 (+64.5%) and $162.93 million in FY2021 (+675.6%).
- The Q2 2026 figure stands as the lowest quarterly Non-Current Deffered Revenue since Q4 2020.
- On a year-over-year basis, Non-Current Deffered Revenue has declined in each of the last seven quarters, with an average decline of 30.7% over the last seven quarters.
- The strongest year-over-year quarter for Non-Current Deffered Revenue in the past five years was Q4 2021, with growth of 675.6%; the weakest was Q1 2026, with a decline of 36.3%.
- According to Business Quant data, Non-Current Deffered Revenue for the three prior quarters was $86 million (Q1 2026), $98 million (Q4 2025) and $110 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Deffered Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | - |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | - |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | 11.71 Bn |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 79.00 Mn |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | - |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | - |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | - |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | - |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | - |
| 10 | AppLovin | 94.32 Bn | 84.35 Bn | 1.70 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.00 Mn |
| Mar 31, 2026 | 86.00 Mn |
| Dec 31, 2025 | 98.00 Mn |
| Sep 30, 2025 | 110.00 Mn |
| Jun 30, 2025 | 123.00 Mn |
| Mar 31, 2025 | 135.00 Mn |
| Dec 31, 2024 | 147.00 Mn |
| Sep 30, 2024 | 159.00 Mn |
| Jun 30, 2024 | 170.00 Mn |
| Mar 31, 2024 | 183.00 Mn |
| Dec 31, 2023 | 196.00 Mn |
| Dec 31, 2022 | 268.00 Mn |
| Dec 31, 2021 | 162.93 Mn |
| Dec 31, 2020 | 21.01 Mn |
| Dec 31, 2019 | 5.97 Mn |
| Dec 31, 2018 | 1.88 Mn |
| Dec 31, 2017 | 1.35 Mn |
| Dec 31, 2016 | 922,000.00 |
| Dec 31, 2015 | 661,000.00 |
| Dec 31, 2014 | 394,000.00 |
API Access
Shopify Non-Current Deffered Revenue 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=non-current-deffered-revenue&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deffered-revenue", "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=non-current-deffered-revenue&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();