Shopify Inc. balance sheet SHOP

Annual Quarterly

As of Sep 30, 2026, Shopify Inc. had total assets of $14.7 billion. Total assets were down 2.5% from a year earlier. Stockholders' equity was $12.7 billion. It held $5.3 billion in cash and investments against $188.0 million of total debt, net cash of $5.1 billion. The current ratio, current assets divided by current liabilities, was 4.86.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Line	Q3 FY2026 Sep 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024
Assets
Cash	1,868 -22.6%	1,656 +7.4%	1,848 +41.2%	1,545 +3.1%	2,414	1,542	1,309	1,498
Short-term investments	2,859 -27.3%	3,291 -23.1%	3,895 -7.4%	4,233 +6.3%	3,935	4,278	4,205	3,981
Long-term investments	524 -22.5%	525 -36.8%	708 -20.8%	975 +37.5%	676	831	894	709
Cash and investments	5,251 -25.3%	5,472 -17.7%	6,451 +0.7%	6,753 +9.1%	7,025	6,651	6,408	6,188
Receivables	—	—	449 +51.2%	500 +46.2%	396	350	297	342
Inventory	—	—	—	21 -19.2%	—	—	—	26
Total current assets	7,786 -10.6%	7,816 -2.3%	8,495 +14.1%	8,296 +14.4%	8,705	8,001	7,445	7,254
Property and equipment, net	50 -2.0%	53 +15.2%	54 +17.4%	53 +12.8%	51	46	46	47
Goodwill	495 +0.8%	491 +0.0%	491 +0.0%	491 +8.6%	491	491	491	452
Total assets	14,664 -2.5%	14,470 -0.6%	14,121 +5.4%	15,189 +9.1%	15,039	14,561	13,400	13,924
Liabilities and equity
Total current liabilities	1,602 -27.6%	1,460 -29.7%	1,371 -31.8%	1,392 -28.8%	2,213	2,078	2,009	1,956
Stockholders' equity	12,749 +1.9%	12,684 +4.6%	12,501 +13.1%	13,473 +16.6%	12,511	12,124	11,051	11,558
Debt
Lease liabilities	188 -3.6%	178 -19.1%	179 -18.3%	188 -9.6%	195	220	219	208
Total debt	188 -3.6%	178 -19.1%	179 -18.3%	188 -9.6%	195	220	219	208
Net cash	5,063 -25.9%	5,294 -17.7%	6,272 +1.3%	6,565 +9.8%	6,830	6,431	6,189	5,980
Ratios
Current ratio	4.86x	5.35x	6.20x	5.96x	3.93x	3.85x	3.71x	3.71x
Debt to equity	0.01x	0.01x	0.01x	0.01x	0.02x	0.02x	0.02x	0.02x
Debt to EBITDA	0.09x	0.10x	0.11x	0.13x	—	—	—	0.19x
Return on equity	16.68%	15.20%	10.66%	9.14%	—	—	—	17.47%
Return on assets	14.50%	13.32%	9.43%	8.10%	—	—	—	14.50%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: SHOP (Nasdaq)
Fiscal year ends: December 31
Incorporated in: Canada (Federal Level)
Headquarters: Ottawa
SEC filer status: Large accelerated filer
SEC CIK: 1594805

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.