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Midas Edge

SHOPIFY INC.

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 4, 2025

SHOP$146.61-3.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

5. Trade and Other Receivables

  1. Trade and Other Receivables

Trade receivables and unbilled revenues, net of allowance for credit losses, were as follows:

September 30, 2025December 31, 2024
(in US $ millions)
Unbilled revenues, net186175
Trade receivables, net7977
Indirect taxes receivable7449
Accrued interest3619
Other receivables2122
396342

Unbilled revenues represent amounts not yet billed related to partner referral fees, subscription fees for Plus merchants, shipping charges and transaction fees as of the condensed consolidated balance sheet dates.

The allowance for credit losses reflects the Company's best estimate of probable losses inherent in the unbilled revenues and trade receivables accounts. The Company determined the provision based on known troubled accounts, historical experience, supportable forecasts of collectibility and other currently available evidence.

Activity in the allowance for credit losses was as follows for the three and nine months ended:

Three months ended September 30,Nine months ended September 30,
2025202420252024
(in US $ millions)
Balance, beginning of the period16151613
Provision for credit losses related to uncollectible receivables71219
Write-offs(6)—(20)(6)
Balance, end of the period17161716
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.