Friday 6 November 2026 Export SHOP’s income statement to Excel — free account

Shopify Inc.

SHOP Technology Software Application

Shopify Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.6 billion, up 30.1% from fiscal 2024.

Revenue: +31.6%
EPS: +79.5%
Free cash flow: +61.0%
Total debt: −81.7%

Quarter to September 2026, against a year earlier

144.13 8.90 −5.82%

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Market cap: $184.9B
P/E: 87.9×
Fwd P/E: 97.3×
Dividend yield: —
F-score: 6/9
Altman Z: 75.00
Beneish M: −2.19
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Shopify Inc. (SHOP) Current ratio

Alert me on Current ratio

Shopify Inc.'s current ratio at the end of the quarter to 30 September 2026 was 4.9×, down 1.1× from fiscal 2025 (6.0×). Over the past ten years it has ranged from 3.7× (fiscal 2024) to 15.7× (fiscal 2020); the current reading is higher than 27% of that period. That is above the Software Application industry median of 1.5× and above the Technology sector median of 1.9×.

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<iframe src="https://stockrow.com/embed/SHOP/current-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Shopify Inc. current ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/SHOP/metrics/current-ratio">Shopify Inc. (SHOP) current ratio — stockrow.com</a></p>

Period	Current ratio	Change
FY2025	6.0×	60.70%
FY2024	3.7×	(46.93%)
FY2023	7.0×	(1.13%)
FY2022	7.1×	(41.84%)
FY2021	12.2×	(22.56%)
FY2020	15.7×	81.03%
FY2019	8.7×	(43.54%)
FY2018	15.4×	41.82%
FY2017	10.8×	70.30%
FY2016	6.4×	16.90%

Period	Current ratio	Change
Sep 2026	4.9×	(9.21%)
Jun 2026	5.4×	(13.60%)
Mar 2026	6.2×	3.97%
Dec 2025	6.0×	51.51%
43 more quarters	Free account

Against its own ten years

Low 3.7× High 15.7×

Ten-year median 7.1×

Current reading's percentile 27

Company	Current ratio
SHOP Shopify Inc.	4.9×
INTU Intuit Inc. compare	1.5×
UBER Uber Technologies, Inc. compare	1.2×
SAP SAP SE compare	1.2×
ADP Automatic Data Processing, Inc. compare	1.0×
SNOW Snowflake Inc. compare	0.9×
CRM Salesforce, Inc. compare	0.8×
ADBE Adobe Inc. compare	0.8×
NOW ServiceNow, Inc. compare	0.7×
Software Application industry median	1.5×
Technology sector median	1.9×
Market median	1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

Shopify Inc. (SHOP) Current ratio

Current ratio, annual

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Against its own ten years

Current ratio against peers

What Current ratio is

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Current ratio, annual

Annual newest first

Quarterly newest first

Against its own ten years

Current ratio against peers

What Current ratio is

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