Shopify (SHOP) Payables (2014 - 2026)
Shopify (SHOP) posted Payables of $1.1 billion for Q2 2026, up 7.83% on a QoQ basis from $1.0 billion in Q1 2026, and up 32.58% year-over-year from $841.0 million in Q2 2025.
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Analysis
Shopify (SHOP) Payables (2014 - 2026) Analysis & Trends
Shopify has reported Payables for 13 years, with the latest figure at $1.1 billion in Q2 2026.
- On a quarterly basis, Payables rose 32.58% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $1.1 billion, a 32.58% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 45.86% from the prior year.
- Payables was $1.1 billion for Q2 2026 at Shopify, up from $1.0 billion in the prior quarter.
- The five-year high for Payables was $1.1 billion in Q2 2026, with the low at $542.0 million in Q4 2022.
- Average Payables over 5 years is $852.6 million, with a median of $841.0 million recorded in 2025.
- The sharpest annual moves came in 2023 and 2025: Payables rose 6.83% in 2023, then surged 45.86% in 2025.
- Over 5 years, Payables stood at $542.0 million in 2022, then grew by 6.83% to $579.0 million in 2023, then advanced by 27.29% to $737.0 million in 2024, then soared by 45.86% to $1.1 billion in 2025, then advanced by 3.72% to $1.1 billion in 2026.
- The last three Payables figures came in at $1.1 billion (Q2 2026), $1.0 billion (Q1 2026), and $1.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | 3.30 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | - |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | 1.12 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | 3.36 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 5.15 Bn |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | 11.29 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 1.54 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 778.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();