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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
155.18
+3.61 (2.38%)
At close: Aug 10, 2026, 4:00 PM EDT
154.84
-0.34 (-0.22%)
After-hours: Aug 10, 2026, 7:58 PM EDT

Shopify Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
1,9281,2312,019132-3,4602,915
Depreciation & Amortization
293136709366.31
Stock-Based Compensation
482449430615549330.76
Other Adjustments
-9439-703-682,781-2,646
Change in Receivables
--360-230116-128-307.09
Changes in Accounts Payable
-2621106928138.18
Changes in Income Taxes Payable
-----45.26
Changes in Unearned Revenue
-19266032309.29
Changes in Other Operating Activities
--38-72-50-31-315.27
Operating Cash Flow
2,3772,0331,616944-136535.71
Operating Cash Flow Growth
29.68%25.80%71.19%--26.06%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-25-26-19-39-50-50.79
Purchases of Investments
-10,633-11,153-11,539-8,066-6,172-8,186
Proceeds from Sale of Investments
11,1619,9879,9996,9287,2575,917
Cash Acquisitions
--56-30-31-1,754-59.63
Other Investing Activities
59583-36--
Investing Cash Flow
562-1,190-1,586-1,244-719-2,379

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Repaid
--1,043----
Net Long-Term Debt Issued (Repaid)
--1,043----
Issuance of Common Stock
1382326160181,650
Repurchase of Common Stock
-1,911-----
Net Common Stock Issued (Repurchased)
-1,7732326160181,650
Financing Cash Flow
-2,816-8116160181,650

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-915-64-17-7.01
Net Cash Flow
1144785-236-854-200.61

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
2,3522,0071,597905-186484.92
Free Cash Flow Growth
29.44%25.67%76.46%--26.54%
FCF Margin
17.73%17.37%17.98%12.82%-3.32%10.51%
Free Cash Flow Per Share
1.811.541.230.70-0.150.38
Levered Free Cash Flow
1,9324362,100242-3,3883,108
Unlevered Free Cash Flow
1,5231,4461,055-901.76-713.02442.29
SEC Filings: 10-K · 10-Q