Shopify (SHOP) Share-based Compensation (2024 - 2026)
Shopify (SHOP) posted Share-based Compensation of $128.0 million for Q2 2026, down 3.03% on a QoQ basis from $132.0 million in Q1 2026, and up 13.27% year-over-year from $113.0 million in Q2 2025.
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Analysis
Shopify (SHOP) Share-based Compensation (2024 - 2026) Analysis & Trends
Shopify has reported Share-based Compensation for 3 years, with the latest figure at $128.0 million in Q2 2026.
- On a quarterly basis, Share-based Compensation rose 13.27% year-over-year to $128.0 million in Q2 2026; TTM through Jun 2026 was $482.0 million, a 8.07% 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 was $128.0 million for Q2 2026 at Shopify, down from $132.0 million in the prior quarter.
- The five-year high for Share-based Compensation was $132.0 million in Q1 2026, with the low at $105.0 million in Q1 2024.
- Average Share-based Compensation over 3 years is $113.9 million, with a median of $111.5 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Share-based Compensation slipped 2.73% in 2025, then increased 15.79% in 2026.
- Over 3 years, Share-based Compensation stood at $109.0 million in 2024, then advanced by 5.5% to $115.0 million in 2025, then rose by 11.3% to $128.0 million in 2026.
- The last three Share-based Compensation figures came in at $128.0 million (Q2 2026), $132.0 million (Q1 2026), and $115.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn | 7.96 Bn |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn | 7.66 Bn |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn | 131.31 Mn |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn | 437.00 Mn |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn | 128.00 Mn |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn | 550.00 Mn |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn | 123.00 Mn |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn | - |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn | 85.61 Mn |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn | 99.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 128.00 Mn |
| Mar 31, 2026 | 132.00 Mn |
| Dec 31, 2025 | 115.00 Mn |
| Sep 30, 2025 | 107.00 Mn |
| Jun 30, 2025 | 113.00 Mn |
| Mar 31, 2025 | 114.00 Mn |
| Dec 31, 2024 | 109.00 Mn |
| Sep 30, 2024 | 110.00 Mn |
| Jun 30, 2024 | 106.00 Mn |
| Mar 31, 2024 | 105.00 Mn |
API Access
Shopify Share-based Compensation 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=share-based-compensation&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();