SHOP Deferred Revenue History: $283.0M (FY2025)

Fiscal year	Q1	Q2	Q3	Q4
FY27	$321M+8.8%	Not reported	Not reported	Not reported
FY26	$295M−0.3%	$298M0.0%	$300M+3.4%	Not reported
FY25	$296M	$298M	$290M	$283M−6.3%
FY24	Not reported	Not reported	Not reported	$302M+2.0%
FY23	Not reported	Not reported	Not reported	$296M+36.4%

01—History

Deferred Revenue History

Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.

$283.0M

YoY changeLargest recent move+101.3%in FY22Latest −6.3%

02—Ledger

Deferred Revenue, period by period

Period	Value	Change	Source
FY2025	$283.0M	−6.3%	10-K
FY2024	$302.0M	+2.0%	10-K
FY2023	$296.0M	+36.4%	10-K
FY2022	$217.0M	+101.3%	10-K
FY2021	$107.8M	+90.2%	10-K
FY2020	$56.7M	+44.7%	10-K
FY2019	$39.2M	+27.6%	10-K
FY2018	$30.7M	+52.2%	10-K
FY2017	$20.2M	0.0%flat	10-K
FY2016	$20.2M	+58.4%	10-K
FY2015	$12.7M	+87.8%	10-K
FY2014	$6.8M	—	10-K

03—Questions

What is deferred revenue?

Deferred revenue represents payments received in advance for goods or services that have not yet been delivered to customers.

What is SHOPIFY INC.'s current deferred revenue?

SHOPIFY INC. (SHOP) annual deferred revenue for 2025 was $283.0M, a 6.29% decline from 2024. SHOPIFY INC. deferred revenue for the quarter ending March 31, 2026 was $321.0M.

What was SHOPIFY INC.'s deferred revenue in 2024?

SHOPIFY INC. annual deferred revenue for 2024 was $302.0M, a 2.03% increase from 2023.

What was SHOPIFY INC.'s deferred revenue in 2023?

SHOPIFY INC. annual deferred revenue for 2023 was $296.0M, a 36.41% increase from 2022.

What is SHOPIFY INC.'s 5-year deferred revenue CAGR?

SHOPIFY INC. deferred revenue grew at a compound annual growth rate (CAGR) of 37.93% from FY2020 to FY2025, going from $56.7M to $283.0M over 5 years.

Company: SHOPIFY INC.
Ticker: SHOP
Sector: Technology
Industry: Services-Prepackaged Software

SHOPIFY INC. Deferred Revenue 2014-2026 | SHOP

Key Statistics