Shopify Inc. (SHOP) operating KPIs
SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$157.49−9.40 (-5.63%)
Close on Oct 30, 2026Market cap $202.63BP/E 105.7Yield –
Shopify deferred Revenue — Beginning Balance ($M) ($M)
Annual figures from Shopify's filings and investor materials
Latest, FY2025
430
Period ended Dec 31, 2025
Change on a year earlier
-13.7%
498 in FY2024
History
9 years
Since FY2017
Sources
7
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Deferred Revenue — Beginning Balance ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 430 | -13.7% | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2024 | Dec 31, 2024 | 498 | -11.7% | Form 10-K FY2025 (filed 2026-02-11) ↗ |
| FY2023 | Dec 31, 2023 | 564 | +48.4% | Form 10-K FY2024 (filed 2025-02-11) ↗ |
| FY2022 | Dec 31, 2022 | 380 | +195.0% | Form 40-F FY2023 (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 129 | +105.6% | Form 40-F FY2022 (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 62.7 | +52.6% | Form 40-F FY2020 (filed 2021-02-17) ↗ |
| FY2019 | Dec 31, 2019 | 41.1 | +28.1% | Form 40-F FY2020 (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 32.0 | +52.0% | Form 40-F FY2019 (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 21.1 | – | Form 40-F FY2018 (filed 2019-02-12) ↗ |
Cite this data
StockData. (2026). Shopify Deferred Revenue — Beginning Balance ($M) ($M), annual FY2017–FY2025 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/deferred_revenue_beginning
See every metric in the Shopify KPI table. Data updated Oct 25, 2026.