Operating
Stock-Based Comp
Shopify Stock-Based Comp increased by 7.5% to $115.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $109.00M to $115.00M. Over 3 years (FY 2022 to FY 2025), Stock-Based Comp shows a downward trend with a -6.5% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase may signal a strategy to preserve cash or align employee interests with shareholders, but it also results in share dilution.
Detailed definition
Stock-based compensation is a non-cash expense where employees and executives are rewarded with equity or stock options...
Peer comparison
High-growth technology firms often have higher stock-based compensation as a percentage of revenue compared to mature industrial firms.
Metric ID:
cf_stock_based_compensationHistorical Data
16 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $137.25M | $137.25M | $137.25M | $137.25M | $153.75M | $153.75M | $153.75M | $153.75M | $105.00M | $106.00M | $110.00M | $109.00M | $114.00M | $113.00M | $107.00M | $115.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.0% | +0.0% | +0.0% | +0.0% | -31.7% | +1.0% | +3.8% | -0.9% | +4.6% | -0.9% | -5.3% | +7.5% |
| YoY Change | — | — | — | — | +12.0% | +12.0% | +12.0% | +12.0% | -31.7% | -31.1% | -28.5% | -29.1% | +8.6% | +6.6% | -2.7% | +5.5% |
Range$105.00M – $153.75M
CAGR-4.6%
Avg YoY Growth-4.5%
Median YoY Growth+6.1%
Stock-Based Comp at Other Companies
Frequently Asked Questions
- What is Shopify's stock-based comp?
- Shopify (SHOP) reported stock-based comp of $115.00M in Q4 2025.
- How has Shopify's stock-based comp changed year-over-year?
- Shopify's stock-based comp increased by 5.5% year-over-year, from $109.00M to $115.00M.
- What is the long-term trend for Shopify's stock-based comp?
- Over 3 years (2022 to 2025), Shopify's stock-based comp has grown at a -6.5% compound annual growth rate (CAGR), from $549.00M to $449.00M.
- What does stock-based comp mean?
- The value of company shares given to employees as part of their pay.