Income StatementBalance SheetCash FlowSegments
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Shopify Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Shopify holds $14.1B in total assets. Shareholders' equity is $12.5B against $179.0M in total debt. Cash and equivalents total $1.8B. The current ratio is 6.20 and debt-to-equity is 0.014. Based on the Q1 2026 filing.

Total Assets$14.1BTotal Stockholders Equity$12.5BCash And Equivalents$1.8BTotal Current Assets$8.5BTotal Current Liabilities$1.4B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$133.66B
P/E Ratio100.34
ROE11.31%

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$342.0M$297.0M$350.0M$396.0M$500.0M$449.0M
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)—$4.3B$4.4B$4.0B—$4.0B
Cash and cash equivalents$1.5B$1.3B$1.5B$2.4B$1.5B$1.8B
Short- term Investments$4.0B$4.2B$4.3B$3.9B$4.2B$3.9B
Equipment Installment Plan Receivables, Gross$1.1B$1.3B$1.4B$1.6B$1.6B$1.9B
Finance Receivables (Current)$1.2B$1.4B$1.6B$1.7B$1.8B$2.1B
Financing Receivables$1.1B$1.3B$1.4B$1.6B$1.6B$1.9B
Prepaid expenses and other current assets$209.0M$242.0M$234.0M$227.0M$234.0M$206.0M
Short-term investments$4.0B$4.2B$4.3B$3.9B$4.2B$3.9B
Total current assets$7.3B$7.4B$8.0B$8.7B$8.3B$8.5B

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Progress Collections and Price Adjustments$147.0M$135.0M$123.0M$110.0M$98.0M$86.0M
Accounts payable and other current liabilities (Note 11)$737.0M$776.0M$841.0M$974.0M$1.1B$1.0B
Deferred revenue$283.0M$295.0M$298.0M$300.0M$300.0M$321.0M
Operating lease liabilities, current$18.0M$19.0M$20.0M$19.0M$17.0M$16.0M
Total current liabilities$2.0B$2.0B$2.1B$2.2B$1.4B$1.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$305.0M$279.0M$281.0M$272.0M$236.0M$255.0M
Accumulated other comprehensive income (loss)-$10.0M-$6.0M$5.0M-$1.0M$1.0M-$4.0M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$9.6B$9.8B$10.0B$10.1B$10.4B$10.0B
Retained earnings$1.6B$947.0M$1.9B$2.1B$2.9B$2.3B
Share Repurchase Program - Amount Remaining————$0.0$1.5B
Total liabilities and stockholders' equity$13.9B$13.4B$14.6B$15.0B$15.2B$14.1B
Total stockholders' equity$11.6B$11.1B$12.1B$12.5B$13.5B$12.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Nonperforming Loans and Leases Percentage$1.1B$1.3B$1.4B$1.6B$1.6B$1.9B
Cumulative Cost Basis—$5.2B$5.2B$4.7B—$4.7B
Total—$5.2B$5.2B$4.7B—$4.7B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One—$4.3B$4.4B$4.0B—$4.0B
Contract with Customer, Liability$430.0M$430.0M$421.0M$410.0M$398.0M$407.0M
Long term portion—$128.0M$116.0M$104.0M—$80.0M
Current portion—$49.0M$49.0M$49.0M—$49.0M
Contract with Customer, Liability, Non-Cash Consideration$190.0M$177.0M$165.0M$153.0M$141.0M$129.0M
Due after one year to three years—$895.0M$832.0M$677.0M—$706.0M
Deferred income taxes$73.0M$5.0M$36.0M$29.0M$55.0M$0.0
Equity and other investments carried at fair value$3.9B$2.9B$3.4B$3.4B$3.6B$2.6B
Equity method investments (Note 11)$642.0M$619.0M$595.0M$574.0M$602.0M$581.0M
Accrued interest receivable$15.0M$20.0M$21.0M$19.0M$24.0M$35.0M
Percent100.0%100.0%100.0%100.0%100.0%100.0%
Year one$1.1B$654.0M$1.2B$1.4B$1.6B$1.0B
Year two$30.0M$629.0M$274.0M$113.0M$57.0M$840.0M
2023—————$33.0M
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number—6.9M6.3M6.1M—5M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number14.6M14.8M13.7M11.9M10.2M12.2M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$64.49$71.19$74.53$76.63$80.03$87.37
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$623.0M$456.0M$608.0M$826.0M$826.0M$382.0M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price—$60.38$64.62$68.29—$73.64
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price$0.00$0.00$0.00$0.00$0.00$0.00
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value—$300.0M$351.0M$479.0M—$229.0M
Share Repurchase Program, Authorized, Amount————$2.0B$2.0B
Share Repurchase Program, Remaining Authorized, Amount————$0.0$1.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$147.0M$135.0M$123.0M$110.0M$98.0M$86.0M
Deferred revenue, net of current portion$147.0M$135.0M$123.0M$110.0M$98.0M$86.0M
Operating lease liabilities, non-current$190.0M$200.0M$200.0M$176.0M$171.0M$163.0M
Total noncurrent liabilities$410.0M$340.0M$359.0M$315.0M$324.0M$249.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$73.0M$5.0M$36.0M$29.0M$55.0M$139.0M
Deferred Tax Assets and Other Non-Current Assets$21.0M$23.0M$28.0M$23.0M$39.0M$30.0M
Goodwill$452.0M$491.0M$491.0M$491.0M$491.0M$491.0M
Equity securities$3.2B$2.3B$2.8B$2.8B$3.0B$2.0B
Investments - Amortized Cost Basis—$5.2B$5.2B$4.7B—$4.7B
Net Investment in Lease$93.0M$105.0M$97.0M$94.0M$88.0M$84.0M
Equity and other investments ($3,619 and $3,930, carried at fair value)$4.6B$3.6B$4.4B$4.4B$4.6B$3.5B
Deferred tax assets$37.0M$98.0M$31.0M$29.0M$33.0M$117.0M
Other intangible assets—net$22.0M$39.0M$36.0M$33.0M$30.0M$28.0M
Long- term Investments$709.0M$894.0M$831.0M$676.0M$975.0M$708.0M
Operating lease right-of-use assets$93.0M$105.0M$97.0M$94.0M$88.0M$84.0M
Other non-current assets$21.0M$23.0M$28.0M$23.0M$39.0M$30.0M
Operating Lease Right-of-Use Assets in Other Assets$93.0M$105.0M$97.0M$94.0M$88.0M$84.0M
Property and equipment, net$47.0M$46.0M$46.0M$51.0M$53.0M$54.0M
Software and Technology Licenses, Net$21.0M$23.0M$28.0M$23.0M$39.0M$30.0M
Total assets$13.9B$13.4B$14.6B$15.0B$15.2B$14.1B
Total noncurrent assets$6.7B$6.0B$6.6B$6.3B$6.9B$5.6B