Other Income & Expense
Interest Expense
Shopify Interest Expense decreased by 23.6% to $81.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.2%, from $77.00M to $81.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther Income & Expense
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
Increasing interest expense may signal higher debt levels or rising interest rates, which can reduce net profitability.
Detailed definition
Interest expense represents the cost incurred by a company for borrowed funds, such as loans, bonds, or other debt instr...
Peer comparison
Highly dependent on the company's capital structure; peers with lower debt-to-equity ratios will show lower interest expenses.
Metric ID:
is_interest_expenseHistorical Data
14 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $18.75M | $18.75M | $18.75M | $18.75M | $60.25M | $60.25M | $60.25M | $60.25M | $79.00M | $80.00M | $77.00M | $65.00M | $106.00M | $81.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +221.3% | +0.0% | +0.0% | +0.0% | +31.1% | +1.3% | -3.8% | -15.6% | +63.1% | -23.6% |
| YoY Change | — | — | — | — | +221.3% | +221.3% | +221.3% | +221.3% | +31.1% | +32.8% | +27.8% | -17.7% | +32.5% | +5.2% |
Range$18.75M – $106.00M
CAGR+56.9%
Avg YoY Growth+99.7%
Median YoY Growth+32.6%
Interest Expense at Other Companies
Frequently Asked Questions
- What is Shopify's interest expense?
- Shopify (SHOP) reported interest expense of $81.00M 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 $77.00M to $81.00M.
- What does interest expense mean?
- The cost of borrowing money, paid as interest on debt.