Shopify Inc.

SHOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 12/30

$156.22−1.27 (-0.81%)

Close on Nov 2, 2026Market cap $201.00BP/E 104.8Yield –

Shopify Loans and Merchant Cash Advances, Net Carrying Value by Quarter

Name: Shopify Loans and Merchant Cash Advances, Net Carrying Value by Quarter (SHOP)
Creator: Shopify

Loans and Merchant Cash Advances, Net Carrying Value ($M) ($M)

Quarterly Annual

Shopify Loans and Merchant Cash Advances, Net Carrying Value: $2,184M in Q2 2026, up 36.8% from a year earlier. That is the highest of the 16 quarters on record here.

Latest, Q2 2026

2,184

Period ended Jun 30, 2026

Change on a year earlier

+36.8%

1,597 in Q2 2025

History

16 quarters

Since Q4 2015

Sources

Documents cited below

Where the Q2 2026 figure comes from

Source: Form 10-Q (filed 2026-08-05) ↗

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

Period	Ended	Loans and Merchant Cash Advances, Net Carrying Value ($M) ($M)	Year on year	Source
Q2 2026	Jun 30, 2026	2,184	+36.8%	Form 10-Q (filed 2026-08-05) ↗
Q1 2026	Mar 31, 2026	2,097	+50.6%	Form 10-Q (filed 2026-05-05) ↗
Q4 2025	Dec 31, 2025	1,784	+45.8%	Form 10-Q (filed 2026-08-05) ↗
Q3 2025	Sep 30, 2025	1,733	–	Form 10-Q (filed 2025-11-04) ↗
Q2 2025	Jun 30, 2025	1,597	–	Form 10-Q (filed 2025-08-06) ↗
Q1 2025	Mar 31, 2025	1,392	–	Form 10-Q (filed 2025-05-08) ↗
Q4 2024	Dec 31, 2024	1,224	+50.0%	Form 10-Q (filed 2025-11-04) ↗
Q4 2023	Dec 31, 2023	816	+40.7%	Form 40-F (filed 2024-02-13) ↗
Q4 2022	Dec 31, 2022	580	+23.2%	Form 40-F (filed 2024-02-13) ↗
Q4 2021	Dec 31, 2021	471	-0.1%	Form 40-F (filed 2023-02-16) ↗
Q4 2020	Dec 31, 2020	471	+213.6%	Form 40-F (filed 2024-02-13) ↗
Q4 2019	Dec 31, 2019	150	+63.4%	Form 40-F (filed 2022-02-16) ↗
Q4 2018	Dec 31, 2018	91.9	+95.1%	Form 40-F (filed 2021-02-17) ↗
Q4 2017	Dec 31, 2017	47.1	+295.8%	Form 40-F (filed 2020-02-12) ↗
Q4 2016	Dec 31, 2016	11.9	–	Form 40-F (filed 2018-02-15) ↗
Q4 2015	Dec 31, 2015	0	–	Form 40-F (filed 2017-02-15) ↗

Breakdown

What makes up loans and Merchant Cash Advances, Net Carrying Value

Cite this data

StockData. (2026). Shopify Loans and Merchant Cash Advances, Net Carrying Value ($M), quarterly Q4 2015–Q2 2026 [Data set]. Compiled from Shopify SEC filings and investor materials. https://stockdatahq.com/stocks/shop/kpis/loans-mca-net

See every metric in the Shopify KPI table. Data updated Oct 25, 2026.