Shopify Inc.
Close on Nov 2, 2026Market cap $201.00BP/E 94.7Yield –
Shopify Loans and Merchant Cash Advances, Net Carrying Value by Year
Loans and Merchant Cash Advances, Net Carrying Value ($M) ($M)
Shopify Loans and Merchant Cash Advances, Net Carrying Value: $1,784M in FY2025, up 45.8% from a year earlier. That is the highest of the 11 years on record here.
Where the FY2025 figure comes from
Source: Form 10-Q (filed 2026-08-05) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Loans and Merchant Cash Advances, Net Carrying Value ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1,784 | +45.8% | Form 10-Q (filed 2026-08-05) ↗ |
| FY2024 | Dec 31, 2024 | 1,224 | +50.0% | Form 10-Q (filed 2025-11-04) ↗ |
| FY2023 | Dec 31, 2023 | 816 | +40.7% | Form 40-F (filed 2024-02-13) ↗ |
| FY2022 | Dec 31, 2022 | 580 | +23.2% | Form 40-F (filed 2024-02-13) ↗ |
| FY2021 | Dec 31, 2021 | 471 | +92.4% | Form 40-F (filed 2023-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 245 | +62.9% | Form 40-F (filed 2022-02-16) ↗ |
| FY2019 | Dec 31, 2019 | 150 | +63.4% | Form 40-F (filed 2021-02-17) ↗ |
| FY2018 | Dec 31, 2018 | 91.9 | +95.1% | Form 40-F (filed 2020-02-12) ↗ |
| FY2017 | Dec 31, 2017 | 47.1 | +295.8% | Form 40-F (filed 2019-02-12) ↗ |
| FY2016 | Dec 31, 2016 | 11.9 | – | Form 40-F (filed 2018-02-15) ↗ |
| FY2015 | Dec 31, 2015 | 0 | – | Form 40-F (filed 2017-02-15) ↗ |
Breakdown
What makes up loans and Merchant Cash Advances, Net Carrying Value
Cite this data
StockData. (2026). Shopify Loans and Merchant Cash Advances, Net Carrying Value ($M), annual FY2015–FY2025 [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.