Shopify (SHOP) Total Liabilities (2014 - 2026)
Shopify (SHOP) posted Total Liabilities of $1.8 billion for Q2 2026, up 10.25% on a QoQ basis from $1.6 billion in Q1 2026, and down 26.71% year-over-year from $2.4 billion in Q2 2025.
Analysis
Shopify (SHOP) Total Liabilities (2014 - 2026) Analysis & Trends
Shopify has reported Total Liabilities for 13 years, with the latest figure at $1.8 billion in Q2 2026.
- On a quarterly basis, Total Liabilities fell 26.71% year-over-year to $1.8 billion in Q2 2026; TTM through Jun 2026 was $1.8 billion, a 26.71% decrease from a year earlier, with the FY2025 full-year figure at $1.7 billion, down 27.47% from the prior year.
- Total Liabilities was $1.8 billion for Q2 2026 at Shopify, up from $1.6 billion in the prior quarter.
- The five-year high for Total Liabilities was $2.5 billion in Q3 2025, with the low at -$10.1 billion in Q3 2024.
- Average Total Liabilities over 5 years is -$719.2 million, with a median of $2.0 billion recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Total Liabilities jumped 126.57% in 2025, then slumped 31.03% in 2026.
- Over 5 years, Total Liabilities stood at $2.5 billion in 2022, then retreated by 11.32% to $2.2 billion in 2023, then climbed by 5.96% to $2.4 billion in 2024, then dropped by 27.47% to $1.7 billion in 2025, then climbed by 4.08% to $1.8 billion in 2026.
- The last three Total Liabilities figures came in at $1.8 billion (Q2 2026), $1.6 billion (Q1 2026), and $1.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | 1.79 Bn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | 451.60 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | 116.51 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | 364.92 Mn |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | 273.21 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn | 597.78 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - | 415,809.54 |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn | 2.74 Mn |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | 1.06 Mn |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | 4.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.79 Bn |
| Mar 31, 2026 | 1.62 Bn |
| Dec 31, 2025 | 1.72 Bn |
| Sep 30, 2025 | 2.53 Bn |
| Jun 30, 2025 | 2.44 Bn |
| Mar 31, 2025 | 2.35 Bn |
| Dec 31, 2024 | 2.37 Bn |
| Sep 30, 2024 | -10.12 Bn |
| Jun 30, 2024 | -9.17 Bn |
| Mar 31, 2024 | -8.89 Bn |
| Dec 31, 2023 | 2.23 Bn |
| Dec 31, 2022 | 2.52 Bn |
| Dec 31, 2021 | 2.21 Bn |
| Dec 31, 2020 | 1.36 Bn |
| Dec 31, 2019 | 473.75 Mn |
| Dec 31, 2018 | 164.02 Mn |
| Dec 31, 2017 | 112.46 Mn |
| Dec 31, 2016 | 80.08 Mn |
| Dec 31, 2015 | 48.40 Mn |
| Dec 31, 2014 | 27.46 Mn |