Shopify annual current ratio
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Shopify Current Ratio Growth & History (SHOP)
Shopify's current ratio was 5.96 for fiscal 2025.
View full Shopify company overviewShopify annual current ratio history
| Fiscal year | Period ended | Current ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 5.96 | 2.25 | +60.70% |
| 2024 | 2024-12-31 | 3.71 | −3.28 | −46.93% |
| 2023 | 2023-12-31 | 6.99 | −0.08 | −1.13% |
| 2022 | 2022-12-31 | 7.07 | −5.08 | −41.84% |
| 2021 | 2021-12-31 | 12.15 | −3.54 | −22.56% |
| 2020 | 2020-12-31 | 15.69 | 7.02 | +81.03% |
| 2019 | 2019-12-31 | 8.67 | −6.68 | −43.54% |
| 2018 | 2018-12-31 | 15.35 | 4.53 | +41.82% |
| 2017 | 2017-12-31 | 10.82 | 4.47 | +70.30% |
| 2016 | 2016-12-31 | 6.36 | 0.92 | +16.90% |
| 2015 | 2015-12-31 | 5.44 | 1.98 | +57.22% |
| 2014 | 2014-12-31 | 3.46 | — | — |
Shopify quarterly current ratio
Q4.14
Q4.15
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Current ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.35 | 1.50 | +39.04% |
| Q1 2026 | 2026-03-31 | 6.20 | 2.49 | +67.20% |
| Q4 2025 | 2025-12-31 | 5.96 | 2.25 | +60.70% |
| Q3 2025 | 2025-09-30 | 3.93 | — | — |
| Q2 2025 | 2025-06-30 | 3.85 | — | — |
| Q1 2025 | 2025-03-31 | 3.71 | — | — |
| Q4 2024 | 2024-12-31 | 3.71 | −3.28 | −46.93% |
| Q4 2023 | 2023-12-31 | 6.99 | −0.08 | −1.13% |
| Q4 2022 | 2022-12-31 | 7.07 | −5.08 | −41.84% |
| Q4 2021 | 2021-12-31 | 12.15 | −3.54 | −22.56% |
| Q4 2020 | 2020-12-31 | 15.69 | 7.02 | +81.03% |
| Q4 2019 | 2019-12-31 | 8.67 | −6.68 | −43.54% |
| Q4 2018 | 2018-12-31 | 15.35 | 4.53 | +41.82% |
| Q4 2017 | 2017-12-31 | 10.82 | 4.47 | +70.30% |
| Q4 2016 | 2016-12-31 | 6.36 | 0.92 | +16.90% |
| Q4 2015 | 2015-12-31 | 5.44 | 1.98 | +57.22% |
| Q4 2014 | 2014-12-31 | 3.46 | — | — |
Shopify current ratio trends
Over the last five fiscal years, Shopify's current ratio decreased from 15.69 to 5.96, a change of −9.73. The latest reported quarter, Q2 2026, shows 5.35.
About the metric
What the current ratio means
The current ratio compares short-term assets with obligations due within roughly one year. A higher ratio generally indicates more short-term balance-sheet coverage, but normal levels vary by industry and business model.
Calculation and source
How the current ratio is calculated
TickerStat calculates the current ratio as SEC-reported current assets divided by SEC-reported current liabilities for the same balance-sheet date. Periods without a positive current-liability value are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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