Shopify (SHOP) Share-based Compensation (2024 - 2026)

Shopify's (SHOP) quarterly Share-based Compensation came in at $132.0 million in Q1 2026, up 15.79% year-on-year from $114.0 million in Q1 2025, and up 14.78% quarter-over-quarter from $115.0 million in Q4 2025.

Shopify (SHOP) Share-based Compensation (2024 - 2026) Analysis & Trends

Shopify's Share-based Compensation history runs 3 years deep, the most recent figure standing at $132.0 million for Q1 2026.

  • On a quarterly basis, Share-based Compensation rose 15.79% year-over-year to $132.0 million in Q1 2026; TTM through Mar 2026 was $467.0 million, a 6.38% increase from a year earlier, with the FY2025 full-year figure at $449.0 million, up 4.42% from the prior year.
  • Share-based Compensation rose to $132.0 million in Q1 2026 per SHOP's latest filing, from $115.0 million in the prior quarter.
  • Across five years, Share-based Compensation topped out at $132.0 million in Q1 2026 and bottomed at $105.0 million in Q1 2024.
  • The 3-year median for Share-based Compensation is $110.0 million (2024), against an average of $112.3 million.
  • Across the five-year window, Share-based Compensation dropped 2.73% in 2025 and rose 15.79% in 2026, its largest moves.
  • Year by year, Share-based Compensation stood at $109.0 million in 2024, then gained by 5.5% to $115.0 million in 2025, then rose by 14.78% to $132.0 million in 2026.
  • Per Business Quant, the three latest SHOP Share-based Compensation figures stand at $132.0 million (Q1 2026), $115.0 million (Q4 2025), and $107.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 333.66 Mn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 132.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 473.00 Mn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 250.00 Mn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 283.00 Mn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 51.00 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 402.47 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 123.09 Mn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 6.52 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 132.00 Mn
Mar 31, 2026 132.00 Mn
Dec 31, 2025 115.00 Mn
Dec 31, 2025 115.00 Mn
Sep 30, 2025 107.00 Mn
Sep 30, 2025 107.00 Mn
Jun 30, 2025 113.00 Mn
Jun 30, 2025 113.00 Mn
Mar 31, 2025 114.00 Mn
Mar 31, 2025 114.00 Mn
Dec 31, 2024 109.00 Mn
Dec 31, 2024 109.00 Mn
Sep 30, 2024 110.00 Mn
Sep 30, 2024 110.00 Mn
Jun 30, 2024 106.00 Mn
Jun 30, 2024 106.00 Mn
Mar 31, 2024 105.00 Mn
Mar 31, 2024 105.00 Mn