What is Shopify's interest expense?

Shopify (SHOP) reported interest expense of $81M in Q3 2025.

How has Shopify's interest expense changed year-over-year?

Shopify's interest expense increased by 5.2% year-over-year, from $77M to $81M.

What does interest expense mean?

The cost of borrowing money, paid as interest on debt.

How do you interpret interest expense?

High interest expense relative to operating income may signal financial risk or an over-leveraged balance sheet.

How does interest expense compare across companies?

Standard financial metric used to assess debt service coverage and financial health.

Shopify SHOP Interest Expense

Discontinued — last reported Q3 '25

Interest Expense at other companies

AdobeADBE

$65M-4.4%

eBayEBAY

$61M0.0%

GoDaddyGDDY

$37.8M+1.6%

PayPal Holdings, Inc.PYPL

$111M+7.8%

SalesforceCRM

——

Affirm Holdings, Inc.AFRM

——

Other financials

Income statement

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Revenue$3.2B+34.3%

Gross profit$1.5B+32.2%

Operating income$382.0M+88.2%

Net income-$581.0M+14.8%

EPS (diluted)-$0.45+15.1%

Balance sheet

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Cash & equivalents$1.8B+41.2%

Total debt$179.0M-84.3%

Total equity$12.5B+13.1%

Total assets$14.1B+5.4%

Cash flow

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Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation

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Market cap$141.25B+25.1%

Enterprise value$139.58B+23.9%

P/E106×+35.9×

P/S11.4×-0.6×

Profitability

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Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

FCF margin17.1%-1.3pp

Returns & leverage

See full

Return on equity11.3%-4.8pp

Debt / equity0×-0.1×

Current ratio6.2×+2.5×

Where this comes from

Reported directly by Shopify in its filing.

Tagged under the XBRL concept us-gaap:InterestIncomeExpenseNonoperatingNet.

The official record: Shopify’s 10-Q, filed November 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shopify's interest expense?: Shopify (SHOP) reported interest expense of $81M in Q3 2025.
How has Shopify's interest expense changed year-over-year?: Shopify's interest expense increased by 5.2% year-over-year, from $77M to $81M.
What does interest expense mean?: The cost of borrowing money, paid as interest on debt.
How do you interpret interest expense?: High interest expense relative to operating income may signal financial risk or an over-leveraged balance sheet.
How does interest expense compare across companies?: Standard financial metric used to assess debt service coverage and financial health.