Shopify annual stock-based compensation
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Shopify Stock-Based Compensation Growth & History (SHOP)
Shopify's stock-based compensation was $449.0M for fiscal 2025.
View full Shopify company overviewShopify annual stock-based compensation history
| Fiscal year | Period ended | Stock-based compensation | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $449.0M | $19.0M | +4.42% |
| 2024 | 2024-12-31 | $430.0M | −$185.0M | −30.08% |
| 2023 | 2023-12-31 | $615.0M | $66.0M | +12.02% |
| 2022 | 2022-12-31 | $549.0M | $218.2M | +65.98% |
| 2021 | 2021-12-31 | $330.8M | $83.8M | +33.94% |
| 2020 | 2020-12-31 | $246.9M | $88.5M | +55.84% |
| 2019 | 2019-12-31 | $158.5M | $62.7M | +65.54% |
| 2018 | 2018-12-31 | $95.7M | $46.6M | +94.70% |
| 2017 | 2017-12-31 | $49.2M | $26.1M | +112.85% |
| 2016 | 2016-12-31 | $23.1M | $14.9M | +183.13% |
| 2015 | 2015-12-31 | $8.2M | $3.7M | +83.61% |
| 2014 | 2014-12-31 | $4.4M | $2.7M | +151.59% |
| 2013 | 2013-12-31 | $1.8M | — | — |
Shopify quarterly stock-based compensation
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Stock-based compensation | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $128.0M | $15.0M | +13.27% |
| Q1 2026 | 2026-03-31 | $132.0M | $18.0M | +15.79% |
| Q4 2025 | 2025-12-31 | $115.0M | $6.0M | +5.50% |
| Q3 2025 | 2025-09-30 | $107.0M | −$3.0M | −2.73% |
| Q2 2025 | 2025-06-30 | $113.0M | $7.0M | +6.60% |
| Q1 2025 | 2025-03-31 | $114.0M | $9.0M | +8.57% |
| Q4 2024 | 2024-12-31 | $109.0M | — | — |
| Q3 2024 | 2024-09-30 | $110.0M | — | — |
| Q2 2024 | 2024-06-30 | $106.0M | — | — |
| Q1 2024 | 2024-03-31 | $105.0M | — | — |
Shopify stock-based compensation trends
Over the last five fiscal years, Shopify's stock-based compensation increased from $246.9M to $449.0M, a change of $202.1M. The latest reported quarter, Q2 2026, shows $128.0M.
About the metric
What stock-based compensation means
Stock-based compensation is the expense associated with equity awards such as restricted stock and employee options. It is a non-cash expense when recognized, but it can dilute existing shareholders unless offset by share repurchases.
Calculation and source
SEC-reported stock-based compensation
TickerStat standardizes share-based compensation reported in company SEC filings. The history shows recognized compensation expense or its cash-flow-statement adjustment, not the grant-date value of new awards or a forecast of future dilution. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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