Shopify (SHOP) Times Interest Earned (2024 - 2026)

Shopify's (SHOP) quarterly Times Interest Earned came in at $1.0 in Q1 2026, up 124.63% year-on-year from $0.45 in Q1 2025, and down 94.77% quarter-over-quarter from $19.12 in Q4 2025.

Shopify (SHOP) Times Interest Earned (2024 - 2026) Analysis & Trends

Shopify's Times Interest Earned history runs 3 years deep, the most recent figure standing at $1.0 for Q1 2026.

  • On a quarterly basis, Times Interest Earned rose 124.63% year-over-year to $1.0 in Q1 2026; TTM through Mar 2026 was $4.31, a 64.94% increase from a year earlier, with the FY2025 full-year figure at $1.78, up 3.0% from the prior year.
  • Times Interest Earned fell to $1.0 in Q1 2026 per SHOP's latest filing, from $19.12 in the prior quarter.
  • Across five years, Times Interest Earned topped out at $241.0 in Q2 2024 and bottomed at $0.42 in Q3 2025.
  • The 3-year median for Times Interest Earned is $0.74 (2025), against an average of $43.74.
  • Across the five-year window, Times Interest Earned slumped 99.8% in 2025 and soared 124.63% in 2026, its largest moves.
  • Year by year, Times Interest Earned stood at $241.0 in 2024, then slumped by 92.07% to $19.12 in 2025, then sank by 94.77% to $1.0 in 2026.
  • Per Business Quant, the three latest SHOP Times Interest Earned figures stand at $1.0 (Q1 2026), $19.12 (Q4 2025), and $0.42 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Times Interest Earned (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -9.39
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.00
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 10.68
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 0.80
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 0.15
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn -2.54
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -6.14
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 7.54
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 0.02

Historic Data

Download Data
DateValue
Mar 31, 2026 1.00
Dec 31, 2025 19.12
Sep 30, 2025 0.42
Jun 30, 2025 0.48
Mar 31, 2025 0.45
Jun 30, 2024 241.00