SHOPIFY INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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Sep 30, 2025 · Filed Nov 4, 2025
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8. Goodwill
- Goodwill
The Company's goodwill relates to acquisitions of various companies.
The gross changes in the carrying amount of goodwill during the nine months ended September 30, 2025 and the year ended December 31, 2024 are as follows:
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (in US $ millions) | ||
| Balance, beginning of the period | 452 | 427 |
| Acquisitions(1)(2) | 39 | 25 |
| Balance, end of the period | 491 | 452 |
(1) During the nine months ended September 30, 2025, the Company completed the acquisition of Vantage Discovery Inc. (see note 18).
(2) During the year ended December 31, 2024, the Company completed individually immaterial acquisitions that resulted in goodwill being recognized.
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