Non-Current Liabilities
Deferred revenue, net of current portion
Shopify Deferred revenue, net of current portion decreased by 12.2% to $86.00M in Q1 2026 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ1 2026
How to read this metric
An increase signals strong long-term contract growth and future revenue stability, while a decrease may indicate slowing long-term bookings.
Detailed definition
This represents revenue that has been billed or collected from customers for services to be delivered beyond the next tw...
Peer comparison
Common in SaaS and subscription-based service models; peers in the HCM and payroll space report this to show contract duration.
Metric ID:
non_current_liabilities_contract_with_customer_liability_a5d23aHistorical Data
4 periods
| Q4 '24 | Q1 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|
| Value | $147.00M | $135.00M | $98.00M | $86.00M |
| QoQ Change | — | -8.2% | -27.4% | -12.2% |
| YoY Change | — | — | -33.3% | -36.3% |
Range$86.00M – $147.00M
Avg YoY Growth-34.8%
Median YoY Growth-34.8%
Current Streak3+ quarters decline
Deferred revenue, net of current portion at Other Companies
Frequently Asked Questions
- What is Shopify's deferred revenue, net of current portion?
- Shopify (SHOP) reported deferred revenue, net of current portion of $86.00M in Q1 2026.
- What does deferred revenue, net of current portion mean?
- Revenue received for services to be provided after one year.