Shopify (SHOP) Total Liabilities (2014 - 2026)
Shopify (SHOP) recorded Total Liabilities of $1.92 billion in Q3 2026, down 24.2% from $2.53 billion a year earlier but up 7.2% from the prior quarter.
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Analysis
Shopify (SHOP) Total Liabilities (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify reported Total Liabilities of $1.72 billion, down 27.5% from FY2024.
- Annual Total Liabilities has a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- Across earlier years, Total Liabilities came in at $2.37 billion in FY2024 (+6.0%), $2.23 billion in FY2023 (-11.3%), $2.52 billion in FY2022 (+14.1%) and $2.21 billion in FY2021 (+62.0%).
- Quarterly Total Liabilities has ranged from $1.62 billion in Q1 2026 to $2.53 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Total Liabilities has declined for four consecutive quarters, with an average decline of 20.7% over the last five quarters.
- Peak year-over-year performance for Total Liabilities in the last five years was growth of 62.0% in Q4 2021, against a decline of 31.0% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.79 billion (Q2 2026), $1.62 billion (Q1 2026) and $1.72 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 325.76 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 206.45 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 29.40 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 126.13 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 1.92 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 42.49 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 5.28 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 6.32 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 38.67 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 31.78 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.92 Bn |
| 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 |
| 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 |
API Access
Shopify Total Liabilities 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=total-liabilities&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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=total-liabilities&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();