Shopify (SHOP) Payables (2014 - 2026)
Shopify (SHOP) posted Payables of $1.25 billion for Q3 2026, up 28.3% from $974 million a year earlier and up 12.1% from the prior quarter.
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Analysis
Shopify (SHOP) Payables (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify's Payables came in at $1.08 billion, up 45.9% from FY2024.
- Annual Payables has increased for 11 consecutive years, with a five-year compound annual growth rate of 29.0% (FY2020 to FY2025).
- In prior years, Shopify's Payables was $737 million in FY2024 (+27.3%), $579 million in FY2023 (+6.8%), $542 million in FY2022 (+18.7%) and $456.69 million in FY2021 (+51.8%).
- The Q3 2026 figure stands as the highest quarterly Payables in data going back to Q4 2014.
- On a year-over-year basis, Payables has increased in each of the last four quarters, with growth averaging 33.5% over the last five quarters.
- Over the past five years, the year-over-year growth in Payables ranged from 6.8% (Q4 2023) to 51.8% (Q4 2021).
- According to Business Quant data, Payables for the three prior quarters was $1.12 billion (Q2 2026), $1.03 billion (Q1 2026) and $1.08 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 21.98 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 19.10 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 3.34 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 60.83 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 1.25 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 1.48 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 838.17 Mn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 1.60 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 5.22 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 11.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.25 Bn |
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 1.03 Bn |
| Dec 31, 2025 | 1.08 Bn |
| Sep 30, 2025 | 974.00 Mn |
| Jun 30, 2025 | 841.00 Mn |
| Mar 31, 2025 | 776.00 Mn |
| Dec 31, 2024 | 737.00 Mn |
| Dec 31, 2023 | 579.00 Mn |
| Dec 31, 2022 | 542.00 Mn |
| Dec 31, 2021 | 456.69 Mn |
| Dec 31, 2020 | 300.80 Mn |
| Dec 31, 2019 | 181.19 Mn |
| Dec 31, 2018 | 96.96 Mn |
| Dec 31, 2017 | 62.58 Mn |
| Dec 31, 2016 | 45.06 Mn |
| Dec 31, 2015 | 23.69 Mn |
| Dec 31, 2014 | 12.51 Mn |
API Access
Shopify Payables 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=payables&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();