Shopify (SHOP) Payables (2014 - 2026)

Shopify's Payables history runs 13 years deep, the most recent figure standing at $1.0 billion for Q1 2026.

• In Q1 2026, Payables rose 33.25% year-over-year to $1.0 billion; the TTM figure through Mar 2026 stood at $1.0 billion (up 33.25% YoY), while the FY2025 annual figure was $1.1 billion, up 45.86% from the prior year.
• Payables was $1.0 billion for Q1 2026 at Shopify, down from $1.1 billion in the prior quarter.
• In the past five years, Payables ranged from a high of $1.1 billion in Q4 2025 to a low of $542.0 million in Q4 2022.
• Historically, Payables has averaged $819.8 million across 5 years, with a median of $808.5 million in 2025.
• The sharpest annual moves came in 2023 and 2025: Payables increased 6.83% in 2023, then jumped 45.86% in 2025.
• A 5-year view of Payables shows it stood at $542.0 million in 2022, then climbed by 6.83% to $579.0 million in 2023, then gained by 27.29% to $737.0 million in 2024, then surged by 45.86% to $1.1 billion in 2025, then dropped by 3.81% to $1.0 billion in 2026.
• The last three Payables figures came in at $1.0 billion (Q1 2026), $1.1 billion (Q4 2025), and $974.0 million (Q3 2025), per Business Quant data.