Shopify Inc.
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$156.22−1.27 (-0.81%)
Close on Nov 2, 2026Market cap $201.00BP/E 94.7Yield –
Shopify Total Deferred Revenue (Contract Liabilities by Year
Total Deferred Revenue (Contract Liabilities — Ending Balance) ($M) ($M)
Shopify Total Deferred Revenue (Contract Liabilities: $398M in FY2025, down 7.4% from a year earlier.
Latest, FY2025
398
Period ended Dec 31, 2025
Change on a year earlier
-7.4%
430 in FY2024
History
10 years
Since FY2016
Sources
8
Documents cited below
Where the FY2025 figure comes from
“|| Balance, end of the year | 398 | 430 (1)Deferral of revenue includes only the portion of collections from merchant billings throughout the year, primarily related to subscription fees, for which the services have not yet been provided. The amounts primarily exclude subscription revenue that has both been deferred and recognized within the period presented.”
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Total Deferred Revenue (Contract Liabilities — Ending Balance) ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 398 | -7.4% | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 430 | -13.7% | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 498 | -11.7% | Form 10-K FY2024 (filed 2025-02-11) ↗ |
| FY2022 | Dec 31, 2022 | 564 | +48.5% | Form 40-F FY2023 (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 380 | +194.8% | Form 40-F FY2022 (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 129 | +105.6% | Form 40-F FY2020 (filed 2021-02-17) ↗ |
| FY2019 | Dec 31, 2019 | 62.7 | +52.6% | Form 40-F FY2020 (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 41.1 | +28.1% | Form 40-F FY2019 (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 32.0 | +51.9% | Form 40-F FY2018 (filed 2019-02-12) ↗ |
| FY2016 | Dec 31, 2016 | 21.1 | – | Form 40-F (filed 2019-02-12) ↗ |
Breakdown
What makes up total Deferred Revenue (Contract Liabilities
- Deferred Revenue — Current Portion ($M)300 · FY2025
- Deferred Revenue — Non-Current Portion ($M)98 · FY2025
- Deferred Revenue — Beginning Balance ($M)430 · FY2025
- Deferral of Revenue (Net Collections Added During Period) ($M)224 · FY2025
- Recognition of Deferred Revenue from Beginning Balance ($M)-256 · FY2025
- Deferred Revenue Related to Non-Cash Consideration (Strategic Partnerships) ($M)141 · FY2025
Cite this data
StockData. (2026). Shopify Total Deferred Revenue (Contract Liabilities ($M), annual FY2016–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/deferred-revenue-ending
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.