Shopify (SHOP) Share-based Compensation (2024 - 2026)
Shopify's Share-based Compensation came in at $140 million for Q3 2026, up 30.8% from $107 million a year earlier and up 9.4% from the prior quarter.
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Analysis
Shopify (SHOP) Share-based Compensation (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Shopify reported Share-based Compensation of $515 million, up 16.3% year-over-year; for FY2025, it was $449 million, up 4.4% from FY2024.
- Share-based Compensation carries a five-year compound annual growth rate of 12.7% (FY2020 to FY2025).
- Going back by year, Share-based Compensation was $430 million in FY2024 (-30.1%), $615 million in FY2023 (+12.0%), $549 million in FY2022 (+66.0%) and $330.76 million in FY2021 (+33.9%).
- The Q3 2026 figure represents the highest quarterly Share-based Compensation in data going back to Q1 2024.
- Year-over-year, Share-based Compensation has increased for four consecutive quarters, with growth averaging 11.1% over the last seven quarters.
- Business Quant data shows SHOP's Share-based Compensation at $128 million (Q2 2026), $132 million (Q1 2026) and $115 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 8.63 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 7.36 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 134.00 Mn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 437.00 Mn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 140.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 591.00 Mn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 84.16 Mn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 100.09 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 146.00 Mn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 140.00 Mn |
| 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();