Total Debt for Shopify (SHOP)
According to Shopify's latest reported financial statements, the company's latest reported total debt is $188.00M USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
SHOP
Currently viewingTotal DebtSwitch metric
Latest period
$188.00M
YoY change
-83.3%
5Y CAGR
-27.1%
Peak year (2022)
$1.40B
Latest annual
$188.00M
Total Debt history chart for Shopify (SHOP) from 2013 to 2025
Total Debt history table for Shopify (SHOP) from 2013 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $188.00M | -83.3% | ||
| 2024 | $1.13B | -2.1% | ||
| 2023 | $1.15B | -17.6% | ||
| 2022 | $1.40B | +19.0% | ||
| 2021 | $1.17B | +28.5% | ||
| 2020 | $912.89M | +501.7% | ||
| 2019 | $151.71M | +510.0% | ||
| 2018 | $24.87M | +51.1% | ||
| 2017 | $16.45M | +18.0% | ||
| 2016 | $13.94M | +23.1% | ||
| 2015 | $11.32M | +45.5% | ||
| 2014 | $7.78M | +1500.4% | ||
| 2013 | $486,000 | — |
Total Debt values are taken from Shopify's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Shopify (SHOP) reported total debt of $188.00M – plunged 83.3% year-over-year.
Through 2020–2025 (5 years), Shopify total debt delivered a -27.1% annualised rate; with a net decline across the window.
2022 marks the peak total debt at $1.40B, with the historical low of $486,000 recorded in 2013.
Within Technology, Shopify (SHOP) ranks 9th among 8 peers we track. The peer median for total debt is $40.21B.
Shopify Total Debt by Year
Shopify Total Debt 2025: $188.00M
Shopify total debt in 2025 was $188.00M, plunged 83.3% below 2024.
Shopify Total Debt 2024: $1.13B
Shopify total debt in 2024 was $1.13B, edged down 2.1% below 2023.
Shopify Total Debt 2023: $1.15B
Shopify total debt in 2023 was $1.15B, declined 17.6% below 2022.
Shopify Total Debt 2022: $1.40B
Shopify total debt in 2022 was $1.40B, grew 19.0% from 2021. This figure represents the highest annual value in the available history.
Shopify Total Debt 2021: $1.17B
Shopify total debt in 2021 was $1.17B.
See more financial history for Shopify (SHOP).
Sector peers — Total Debt
Companies in the same sector as Shopify, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.06T | Technology |
| Apple Inc. (AAPL) | $112.38B | Technology |
| Microsoft Corporation (MSFT) | $112.18B | Technology |
| Broadcom Inc. (AVGO) | $65.14B | Technology |
| Micron Technology, Inc. (MU) | $15.28B | Technology |
| NVIDIA Corporation (NVDA) | $11.41B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $4.47B | Technology |
| ASML Holding N.V. (ASML) | $2.71B | Technology |
Frequently asked questions
What is Shopify's total debt?
- Latest reported total debt for Shopify (SHOP) is $188.00M (period ending December 31, 2025).
How has Shopify total debt changed year-over-year?
- Shopify (SHOP) total debt changed -83.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify total debt?
- Shopify (SHOP) total debt compound annual growth rate is -27.1% over the most recent 5 years available.
When did Shopify total debt hit its highest annual value?
- Shopify total debt reached its highest annual value of $1.40B in 2022.
What was Shopify total debt in 2024?
- Shopify (SHOP) total debt in 2024 was $1.13B.
What was Shopify total debt in 2025?
- Shopify (SHOP) total debt in 2025 was $188.00M.
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