SHOPIFY INC.

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

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, 2026 · Filed Nov 3, 2026

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

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Contents

5. Trade and Other Receivables

Trade and Other Receivables

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

	September 30, 2026	December 31, 2025
(in US $ millions)
Unbilled revenues, net	270	229
Trade receivables, net	108	98
Indirect taxes receivable	48	109
Accrued interest	25	39
Other receivables	32	25
	483	500

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,
	2026	2025	2026	2025
(in US $ millions)
Balance, beginning of the period	21	16	17	16
Provision for credit losses related to uncollectible receivables	13	7	26	21
Write-offs	(6)	(6)	(15)	(20)
Balance, end of the period	28	17	28	17

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