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Shopify SHOP Quick ratio

Quick ratio at other companies

Adobe logo
AdobeADBE
0.8×-0.2×
eBay logo
eBayEBAY
1.2×+0.1×
Salesforce logo
SalesforceCRM
0.8×-0.3×
Global Payments logo
Global PaymentsGPN
0.8×-0.2×
Block logo
BlockXYZ
-0.3×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
1.3×0.0×

Other financials

Income statement

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Revenue$3.2B+34.3%
Gross profit$1.5B+32.3%
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$140.26B+25.1%
Enterprise value$138.59B+23.9%
P/E105.3×+35.7×
P/S11.3×-0.6×

Profitability

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Gross margin48%-2.0pp
Operating margin13.3%+0.6pp
Net margin10.8%-6.4pp

Returns & leverage

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Return on equity11.3%-4.8pp
Debt / equity-0.1×
Current ratio6.2×+2.5×

Where this comes from

Calculated from Shopify’s reported figures.

Based on the most recent quarter.

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 quick ratio?
Shopify (SHOP) reported quick ratio of 6.2× in Q1 2026.
How has Shopify's quick ratio changed year-over-year?
Shopify's quick ratio increased by 67.2% year-over-year, from 3.7× to 6.2×.
What does quick ratio mean?
Can the company cover short-term bills without having to sell inventory first?
How do you interpret quick ratio?
More conservative than the current ratio. A wide gap between the two flags heavy reliance on inventory to meet near-term obligations.
How does quick ratio compare across companies?
Most informative for inventory-heavy businesses; converges with the current ratio for firms that carry little inventory.