What is Shopify's prepaid & other current?

Shopify (SHOP) reported prepaid & other current of $206M in Q1 2026.

How has Shopify's prepaid & other current changed year-over-year?

Shopify's prepaid & other current decreased by 14.9% year-over-year, from $242M to $206M.

What is the long-term trend for Shopify's prepaid & other current?

Over 2 years (2023 to 2025), Shopify's prepaid & other current has grown at a 17.7% compound annual growth rate (CAGR), from $169M to $234M.

What does prepaid & other current mean?

Advance payments for expenses (rent, insurance, subscriptions) plus miscellaneous current assets not classified elsewhere.

Shopify SHOP Prepaid & Other Current

Prepaid & Other Current at other companies

AdobeADBE

$1.45B-5.3%

eBayEBAY

$909M+14.5%

SalesforceCRM

$2.63B+20.7%

Global PaymentsGPN

$1.04B+16.9%

Commerce.com, Inc.CMRC

$18.2M-2.0%

Shift4 PaymentsFOUR

$138M+141%

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

See full

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

See full

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$169.06B+4.4%

Enterprise value$167.39B+3.6%

P/E126.9×+57.8×

P/S13.7×-2.5×

Profitability

See full

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:PrepaidExpenseAndOtherAssetsCurrent.

The official record: Shopify’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shopify's prepaid & other current?: Shopify (SHOP) reported prepaid & other current of $206M in Q1 2026.
How has Shopify's prepaid & other current changed year-over-year?: Shopify's prepaid & other current decreased by 14.9% year-over-year, from $242M to $206M.
What is the long-term trend for Shopify's prepaid & other current?: Over 2 years (2023 to 2025), Shopify's prepaid & other current has grown at a 17.7% compound annual growth rate (CAGR), from $169M to $234M.
What does prepaid & other current mean?: Advance payments for expenses (rent, insurance, subscriptions) plus miscellaneous current assets not classified elsewhere.