Shopify Capital
Lending to merchants. Credit losses are a stated risk to merchant solutions.
What it is
Loans and merchant cash advances offered to Shopify merchants. Shopify reports that it carries transaction losses on these balances.
Why it matters to the stock. Lending adds revenue but also credit exposure. Cash flow presentation changed in 2026, so compare free cash flow carefully.
News
Shopify Capital remittance through Payments expands to all US states
On April 1, 2026 Shopify said merchants can now repay Shopify Capital financing through Shopify Payments remittance in every US state.
Capital
Shopify Capital launches in France for eligible merchants
On March 25, 2026 Shopify said Shopify Capital, its merchant lending product, is now available to eligible merchants in France.
Capital