Operating Expenses
Transaction and loan losses
Shopify Transaction and loan losses increased by 1.8% to $116.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 54.7%, from $75.00M to $116.00M. Over 3 years (FY 2022 to FY 2025), Transaction and loan losses shows an upward trend with a 45.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase suggests deteriorating credit quality of the merchant base or higher risk in financial service products.
Detailed definition
Represents the provision for losses on merchant cash advances, loans, and payment processing transactions that are deeme...
Peer comparison
Comparable to 'Provision for Credit Losses' in fintech or banking-adjacent business models.
Metric ID:
operating_expenses_transaction_and_loan_lossesHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $33.75M | $33.75M | $33.75M | $33.75M | $38.00M | $38.00M | $38.00M | $38.00M | $51.00M | $42.00M | $58.00M | $76.00M | $75.00M | $80.00M | $148.00M | $114.00M | $116.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.6% | +0.0% | +0.0% | +0.0% | +34.2% | -17.6% | +38.1% | +31.0% | -1.3% | +6.7% | +85.0% | -23.0% | +1.8% |
| YoY Change | — | — | — | — | +12.6% | +12.6% | +12.6% | +12.6% | +34.2% | +10.5% | +52.6% | +100.0% | +47.1% | +90.5% | +155.2% | +50.0% | +54.7% |
Range$33.75M – $148.00M
CAGR+36.2%
Avg YoY Growth+49.6%
Median YoY Growth+47.1%
Transaction and loan losses at Other Companies
Frequently Asked Questions
- What is Shopify's transaction and loan losses?
- Shopify (SHOP) reported transaction and loan losses of $116.00M in Q1 2026.
- How has Shopify's transaction and loan losses changed year-over-year?
- Shopify's transaction and loan losses increased by 54.7% year-over-year, from $75.00M to $116.00M.
- What is the long-term trend for Shopify's transaction and loan losses?
- Over 3 years (2022 to 2025), Shopify's transaction and loan losses has grown at a 45.6% compound annual growth rate (CAGR), from $135.00M to $417.00M.
- What does transaction and loan losses mean?
- The estimated costs from uncollectible loans and failed payment transactions.