Shopify (TSX:SHOP) Accounts Payable & Accrued Expense : C$797 Mil (As of Mar. 2024)

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What is Shopify Accounts Payable & Accrued Expense?

Shopify's quarterly accounts payable & accrued expense declined from Sep. 2023 (C$721 Mil) to Dec. 2023 (C$699 Mil) but then increased from Dec. 2023 (C$699 Mil) to Mar. 2024 (C$797 Mil).

Shopify's annual accounts payable & accrued expense increased from Dec. 2021 (C$502 Mil) to Dec. 2022 (C$622 Mil) and increased from Dec. 2022 (C$622 Mil) to Dec. 2023 (C$699 Mil).

Shopify Accounts Payable & Accrued Expense Historical Data

The historical data trend for Shopify's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shopify Accounts Payable & Accrued Expense Chart

Shopify Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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287.42

331.22

502.23

622.19

698.97

Shopify Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															732.04	736.04	721.20	698.97	797.27

Shopify Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Shopify (TSX:SHOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (TSX:SHOP) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SHOP:USA SHOP:Mexico 307:Germany S2HO34:Brazil

Address

151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8

Website

https://www.shopify.com

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.