Shopify (SHOP) Total Non-Current Liabilities (2014 - 2026)
Shopify's Total Non-Current Liabilities came in at $313 million for Q3 2026, down 0.6% from $315 million a year earlier and down 4.0% from the prior quarter.
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Analysis
Shopify (SHOP) Total Non-Current Liabilities (2014 - 2026) Analysis & Trends
At the end of FY2025, Shopify's Total Non-Current Liabilities was $324 million, down 21.0% from FY2024.
- Total Non-Current Liabilities has declined in each of the last three years, with a five-year compound annual growth rate of -18.9% (FY2020 to FY2025).
- Going back by year, Total Non-Current Liabilities was $410 million in FY2024 (-69.3%), $1.34 billion in FY2023 (-19.7%), $1.66 billion in FY2022 (+10.5%) and $1.5 billion in FY2021 (+62.8%).
- The five-year range for quarterly Total Non-Current Liabilities is $249 million (Q1 2026) to $1.66 billion (Q4 2022).
- Year-over-year, Total Non-Current Liabilities has declined for four consecutive quarters, with an average decline of 25.4% over the last five quarters.
- The fastest year-over-year change in Total Non-Current Liabilities over five years came in Q4 2021 (growth of 62.8%), and the weakest in Q4 2024 (a decline of 69.3%).
- Business Quant data shows SHOP's Total Non-Current Liabilities at $326 million (Q2 2026), $249 million (Q1 2026) and $324 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 304.25 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 172.58 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 26.68 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 122.20 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 313.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 41.94 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 5.02 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 6.29 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 37.96 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 428.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 313.00 Mn |
| Jun 30, 2026 | 326.00 Mn |
| Mar 31, 2026 | 249.00 Mn |
| Dec 31, 2025 | 324.00 Mn |
| Sep 30, 2025 | 315.00 Mn |
| Jun 30, 2025 | 359.00 Mn |
| Mar 31, 2025 | 340.00 Mn |
| Dec 31, 2024 | 410.00 Mn |
| Dec 31, 2023 | 1.34 Bn |
| Dec 31, 2022 | 1.66 Bn |
| Dec 31, 2021 | 1.50 Bn |
| Dec 31, 2020 | 923.85 Mn |
| Dec 31, 2019 | 157.36 Mn |
| Dec 31, 2018 | 25.33 Mn |
| Dec 31, 2017 | 17.71 Mn |
| Dec 31, 2016 | 13.55 Mn |
| Dec 31, 2015 | 11.16 Mn |
| Dec 31, 2014 | 7.69 Mn |
API Access
Shopify Total Non-Current 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-non-current-liabilities&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-non-current-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-non-current-liabilities&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();