Shopify (SHOP) Total Liabilities (2014 - 2026)

Shopify's (SHOP) quarterly Total Liabilities came in at $14.1 billion in Q1 2026, up 5.38% year-on-year from $13.4 billion in Q1 2025, and down 7.03% quarter-over-quarter from $15.2 billion in Q4 2025.

Shopify (SHOP) Total Liabilities (2014 - 2026) Analysis & Trends

Shopify's Total Liabilities history runs 13 years deep, the most recent figure standing at $14.1 billion for Q1 2026.

  • On a quarterly basis, Total Liabilities rose 5.38% year-over-year to $14.1 billion in Q1 2026; TTM through Mar 2026 was $14.1 billion, a 5.38% increase from a year earlier, with the FY2025 full-year figure at $15.2 billion, up 9.09% from the prior year.
  • Total Liabilities retreated to $14.1 billion in Q1 2026 per SHOP's latest filing, from $15.2 billion in the prior quarter.
  • Across five years, Total Liabilities topped out at $15.2 billion in Q4 2025 and bottomed at $10.8 billion in Q4 2022.
  • The 5-year median for Total Liabilities is $14.0 billion (2024), against an average of $13.5 billion.
  • Across the five-year window, Total Liabilities slipped 19.36% in 2022 and advanced 23.23% in 2024, its largest moves.
  • Year by year, Total Liabilities stood at $10.8 billion in 2022, then rose by 5.04% to $11.3 billion in 2023, then grew by 23.23% to $13.9 billion in 2024, then rose by 9.09% to $15.2 billion in 2025, then decreased by 7.03% to $14.1 billion in 2026.
  • Per Business Quant, the three latest SHOP Total Liabilities figures stand at $14.1 billion (Q1 2026), $15.2 billion (Q4 2025), and $15.0 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Liabilities (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 32.90 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - 527.38 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 14.12 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 34.07 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 72.45 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 19.15 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 58.13 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 6.61 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 12.10 Bn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 2.96 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 14.12 Bn
Dec 31, 2025 15.19 Bn
Sep 30, 2025 15.04 Bn
Jun 30, 2025 14.56 Bn
Mar 31, 2025 13.40 Bn
Dec 31, 2024 13.92 Bn
Dec 31, 2023 11.30 Bn
Dec 31, 2022 10.76 Bn
Dec 31, 2021 13.34 Bn
Dec 31, 2020 7.76 Bn
Dec 31, 2019 3.49 Bn
Dec 31, 2018 2.25 Bn
Dec 31, 2017 1.11 Bn
Dec 31, 2016 490.56 Mn
Dec 31, 2015 243.71 Mn
Dec 31, 2014 95.19 Mn