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.
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 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | 1.12 Bn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | 80.77 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | 34.96 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | 36.14 Mn |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | 9.32 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn | 66.79 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - | 366,460.18 |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn | 1.58 Mn |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | 829,477.00 |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | 1.92 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 |