Shopify (SHOP) Prepaid Assets (2014 - 2026)
Shopify's Prepaid Assets was $226 million in Q3 2026, down 0.4% from $227 million a year earlier but up 3.2% from the prior quarter.
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Analysis
Shopify (SHOP) Prepaid Assets (2014 - 2026) Analysis & Trends
At the end of FY2025, Prepaid Assets at Shopify came in at $234 million, up 12.0% from FY2024.
- Prepaid Assets has now increased for 11 consecutive years, with a five-year compound annual growth rate of 27.9% (FY2020 to FY2025).
- In earlier years, Prepaid Assets was $209 million in FY2024 (+23.7%), $169 million in FY2023 (+17.4%), $144 million in FY2022 (+39.4%) and $103.27 million in FY2021 (+51.3%).
- Quarterly Prepaid Assets has moved between $103.27 million (Q4 2021) and $242 million (Q1 2025) over five years.
- Compared with a year earlier, Prepaid Assets has declined for three straight quarters, with growth averaging 2.8% over the last five quarters.
- The best year-over-year quarter for Prepaid Assets over five years was Q4 2021 (growth of 51.3%); the worst was Q1 2026 (a decline of 14.9%).
- Per Business Quant data, SHOP's Prepaid Assets in the three quarters before Q3 2026 was $219 million (Q2 2026), $206 million (Q1 2026) and $234 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 226.00 Mn |
| Jun 30, 2026 | 219.00 Mn |
| Mar 31, 2026 | 206.00 Mn |
| Dec 31, 2025 | 234.00 Mn |
| Sep 30, 2025 | 227.00 Mn |
| Jun 30, 2025 | 234.00 Mn |
| Mar 31, 2025 | 242.00 Mn |
| Dec 31, 2024 | 209.00 Mn |
| Dec 31, 2023 | 169.00 Mn |
| Dec 31, 2022 | 144.00 Mn |
| Dec 31, 2021 | 103.27 Mn |
| Dec 31, 2020 | 68.25 Mn |
| Dec 31, 2019 | 46.33 Mn |
| Dec 31, 2018 | 26.19 Mn |
| Dec 31, 2017 | 18.60 Mn |
| Dec 31, 2016 | 8.99 Mn |
| Dec 31, 2015 | 6.20 Mn |
| Dec 31, 2014 | 1.50 Mn |
API Access
Shopify Prepaid Assets 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=prepaid-assets&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "prepaid-assets", "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=prepaid-assets&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();