Shopify (SHOP) Non-Current Deferred Revenue (2014 - 2026)
Shopify (SHOP) posted Non-Current Deferred Revenue of $69 million for Q3 2026, down 37.3% from $110 million a year earlier and down 12.7% from the prior quarter.
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Analysis
Shopify (SHOP) Non-Current Deferred Revenue (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify's Non-Current Deferred Revenue came in at $98 million, down 33.3% from FY2024.
- Annual Non-Current Deferred 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 Deferred 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 Q3 2026 figure stands as the lowest quarterly Non-Current Deferred Revenue since Q4 2020.
- On a year-over-year basis, Non-Current Deferred Revenue has declined in each of the last eight quarters, with an average decline of 31.5% over the last eight quarters.
- The strongest year-over-year quarter for Non-Current Deferred Revenue in the past five years was Q4 2021, with growth of 675.6%; the weakest was Q3 2026, with a decline of 37.3%.
- According to Business Quant data, Non-Current Deferred Revenue for the three prior quarters was $79 million (Q2 2026), $86 million (Q1 2026) and $98 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,624.96 Bn | 3,359.86 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,640.16 Bn | 1,304.68 Bn | 51.23 Bn |
| 3 | Netflix | 255.21 Bn | 216.51 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 219.23 Bn | 41.30 Bn | 15.16 Bn |
| 5 | Shopify | 189.29 Bn | 174.44 Bn | 1.78 Bn |
| 6 | Uber Technologies | 142.08 Bn | 113.28 Bn | 6.42 Bn |
| 7 | AppLovin | 135.54 Bn | 124.07 Bn | 1.94 Bn |
| 8 | Spotify Technology | 126.14 Bn | 83.06 Bn | 1.89 Bn |
| 9 | Booking Holdings | 119.69 Bn | 53.43 Bn | - |
| 10 | PDD Holdings | 112.41 Bn | -131.65 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 69.00 Mn |
| 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 |
| Sep 30, 2023 | 304.00 Mn |
| Jun 30, 2023 | 310.00 Mn |
| Mar 31, 2023 | 214.00 Mn |
| Dec 31, 2022 | 268.00 Mn |
| Sep 30, 2022 | 287.63 Mn |
| Jun 30, 2022 | 254.01 Mn |
| Mar 31, 2022 | 247.65 Mn |
| Dec 31, 2021 | 162.93 Mn |
API Access
Shopify Non-Current Deferred 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();