Shopify (SHOP) Receivables - Net (2014 - 2026)
Shopify's (SHOP) quarterly Receivables - Net came in at $449.0 million in Q1 2026, up 51.18% year-on-year from $297.0 million in Q1 2025, and down 10.2% quarter-over-quarter from $500.0 million in Q4 2025.
Shopify (SHOP) Receivables - Net (2014 - 2026) Analysis & Trends
Shopify's Receivables - Net history runs 13 years deep, the most recent figure standing at $449.0 million for Q1 2026.
- On a quarterly basis, Receivables - Net rose 51.18% year-over-year to $449.0 million in Q1 2026; TTM through Mar 2026 was $449.0 million, a 51.18% increase from a year earlier, with the FY2025 full-year figure at $500.0 million, up 46.2% from the prior year.
- Receivables - Net declined to $449.0 million in Q1 2026 per SHOP's latest filing, from $500.0 million in the prior quarter.
- Across five years, Receivables - Net topped out at $500.0 million in Q4 2025 and bottomed at $273.0 million in Q4 2022.
- The 5-year median for Receivables - Net is $346.0 million (2024), against an average of $361.1 million.
- Across the five-year window, Receivables - Net gained 3.3% in 2023 and surged 51.18% in 2026, its largest moves.
- Year by year, Receivables - Net stood at $273.0 million in 2022, then climbed by 3.3% to $282.0 million in 2023, then advanced by 21.28% to $342.0 million in 2024, then surged by 46.2% to $500.0 million in 2025, then fell by 10.2% to $449.0 million in 2026.
- Per Business Quant, the three latest SHOP Receivables - Net figures stand at $449.0 million (Q1 2026), $500.0 million (Q4 2025), and $396.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 449.00 Mn |
| Mar 31, 2026 | 449.00 Mn |
| Dec 31, 2025 | 500.00 Mn |
| Dec 31, 2025 | 500.00 Mn |
| Sep 30, 2025 | 396.00 Mn |
| Sep 30, 2025 | 396.00 Mn |
| Jun 30, 2025 | 350.00 Mn |
| Jun 30, 2025 | 350.00 Mn |
| Mar 31, 2025 | 297.00 Mn |
| Mar 31, 2025 | 297.00 Mn |
| Dec 31, 2024 | 342.00 Mn |
| Dec 31, 2024 | 342.00 Mn |
| Dec 31, 2023 | 282.00 Mn |
| Dec 31, 2023 | 282.00 Mn |
| Dec 31, 2022 | 273.00 Mn |
| Dec 31, 2022 | 273.00 Mn |
| Dec 31, 2021 | 192.21 Mn |
| Dec 31, 2021 | 192.21 Mn |
| Dec 31, 2020 | 120.75 Mn |
| Dec 31, 2020 | 120.75 Mn |