Operating
Change in AP
Shopify Change in AP remained flat by 0.0% to $65.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 138.2%, from $27.50M to $65.50M. Over 3 years (FY 2022 to FY 2025), Change in AP shows an upward trend with a 110.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025Feb 11, 2026
How to read this metric
An increase is generally positive for cash flow, as it allows the company to retain cash longer, provided it does not damage supplier relationships.
Detailed definition
This measures the change in the amount the company owes to its suppliers and vendors for goods and services received. An...
Peer comparison
Standard metric; companies often aim to optimize payment terms to maximize cash availability.
Metric ID:
change_in_accounts_payableHistorical Data
4 years
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $28.00M | $69.00M | $110.00M | $262.00M |
| YoY Change | — | +146.4% | +59.4% | +138.2% |
Range$28.00M – $262.00M
CAGR+110.7%
Avg YoY Growth+114.7%
Median YoY Growth+138.2%
Current Streak3+ years growth
Change in AP at Other Companies
Frequently Asked Questions
- What is Shopify's change in ap?
- Shopify (SHOP) reported change in ap of $65.50M in Q4 2025.
- How has Shopify's change in ap changed year-over-year?
- Shopify's change in ap increased by 138.2% year-over-year, from $27.50M to $65.50M.
- What is the long-term trend for Shopify's change in ap?
- Over 3 years (2022 to 2025), Shopify's change in ap has grown at a 110.7% compound annual growth rate (CAGR), from $28.00M to $262.00M.
- What does change in ap mean?
- The change in money the company owes to its suppliers.