Current Assets
Accounts Receivable
Shopify Accounts Receivable decreased by 10.2% to $449M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 51.2%, from $297M to $449M. Over 3 years (FY 2022 to FY 2025), Accounts Receivable shows a downward trend with a -4.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalLower is better
VolatilityModerate
First reportedQ4 2022
Last reportedQ1 2026May 5, 2026
How to read this metric
Lower levels relative to revenue generally indicate efficient collection processes and lower credit risk.
Detailed definition
This represents the balance of payments owed to the company by customers for services or products delivered, net of any...
Peer comparison
Common in SaaS and merchant services; peers monitor this to manage working capital efficiency.
Metric ID:
accounts_receivable_netHistorical Data
8 periods
| Q4 '22 | Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Value | $580M | $282M | $342M | $297M | $350M | $396M | $500M | $449M |
| QoQ Change | — | -51.4% | +21.3% | -13.2% | +17.8% | +13.1% | +26.3% | -10.2% |
| YoY Change | — | -51.4% | +21.3% | — | — | — | +46.2% | +51.2% |
Range$282M – $580M
CAGR-13.6%
Avg YoY Growth+16.8%
Median YoY Growth+33.7%
Accounts Receivable at Other Companies
Frequently Asked Questions
- What is Shopify's accounts receivable?
- Shopify (SHOP) reported accounts receivable of $449M in Q1 2026.
- How has Shopify's accounts receivable changed year-over-year?
- Shopify's accounts receivable increased by 51.2% year-over-year, from $297M to $449M.
- What is the long-term trend for Shopify's accounts receivable?
- Over 3 years (2022 to 2025), Shopify's accounts receivable has grown at a -4.8% compound annual growth rate (CAGR), from $580M to $500M.
- What does accounts receivable mean?
- The amount of money customers owe the company for services already provided.