Shopify (SHOP) Payables (2014 - 2026)
Shopify (SHOP) posted quarterly Payables of $1.0 billion for Q1 2026, up 33.25% year-over-year from $776.0 million in Q1 2025, and down 3.81% quarter-over-quarter from $1.1 billion in Q4 2025.
Shopify (SHOP) Payables (2014 - 2026) Analysis & Trends
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 for Q1 2026 stood at $1.0 billion, down from $1.1 billion in the prior quarter.
- The five-year high for Payables was $1.1 billion in Q4 2025, with the low at $542.0 million in Q4 2022.
- The 5-year median for Payables is $808.5 million (2025), against an average of $819.8 million.
- The sharpest annual moves came in 2023 and 2025: Payables grew 6.83% in 2023, then soared 45.86% in 2025.
- Shopify's Payables stood at $542.0 million in 2022, then advanced by 6.83% to $579.0 million in 2023, then rose by 27.29% to $737.0 million in 2024, then jumped by 45.86% to $1.1 billion in 2025, then slipped by 3.81% to $1.0 billion in 2026.
- Business Quant data shows SHOP's Payables at $1.0 billion in Q1 2026, $1.1 billion in Q4 2025, and $974.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 3.19 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.12 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | - |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 3.36 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.24 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 55.06 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 834.40 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 499.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.10 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 313.53 Mn |
Historic Data
Download 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 |