Related Parties |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Parties | Related Parties The Company has a commercial agreement with Flexport, a company in which it has an equity method investment. The Company is entitled to earn a share of revenues for orders processed or otherwise sent through services provided by Shopify. In the year ended December 31, 2025, the Company recognized nil revenue related to this agreement. The Company has a separate agreement with Flexport to provide co-marketing services for the coordinated marketing of fulfillment-related products and services to current and prospective merchants. In the year ended December 31, 2025, the Company recognized $9 million of expense in the consolidated statements of operations and comprehensive income (December 31, 2024 - $4 million) and as of December 31, 2025, $15 million in "Other current assets" and $12 million in "Other long-term assets" in the consolidated balance sheets are related to this agreement. The Company also has an investment in Flexport in the form of convertible notes with a fair value of $326 million as of December 31, 2025 (December 31, 2024 - $291 million). The Company has elected to account for it using the fair value option for the investment, which is classified within "Equity and other investments" in the consolidated balance sheets. In the year ended December 31, 2025, the Company has recognized $35 million of interest income related to the convertible notes within "Interest income" (December 31, 2024 - $32 million), and an immaterial amount of unrealized losses in the consolidated statements of operations and comprehensive income.
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