stockrowShopify 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
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Shopify Inc. (SHOP) Debt to equity
Shopify Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.1× (fiscal 2020) — the current reading is the lowest in ten years. That is below the Software Application industry median of 0.0× and below the Technology sector median of 0.1×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.1× | (21.39%) |
| FY2023 | 0.1× | (10.62%) |
| FY2022 | 0.1× | 7.21% |
| FY2021 | 0.1× | (26.09%) |
| FY2020 | 0.1× | 182.94% |
| FY2019 | 0.1× | 371.03% |
| FY2018 | 0.0× | (28.67%) |
| FY2017 | 0.0× | (51.30%) |
| FY2016 | 0.0× | (42.64%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 0.0× | — |
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | (82.72%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| SHOP Shopify Inc. | 0.0× |
| SAP SAP SE compare | 0.2× |
| INTU Intuit Inc. compare | 0.3× |
| ADBE Adobe Inc. compare | 0.5× |
| UBER Uber Technologies, Inc. compare | 0.5× |
| NOW ServiceNow, Inc. compare | 0.6× |
| ADP Automatic Data Processing, Inc. compare | 1.0× |
| CRM Salesforce, Inc. compare | 1.0× |
| SNOW Snowflake Inc. compare | 1.1× |
| Software Application industry median | 0.0× |
| Technology sector median | 0.1× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on SHOP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement