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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
147.37
-5.53 (-3.62%)
At close: Aug 31, 2026, 4:00 PM EDT
145.86
-1.51 (-1.02%)
Pre-market: Sep 1, 2026, 5:35 AM 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
Other Amortization
-----2.34
Loss (Gain) From Sale of Assets
---1,340--
Asset Writedown & Restructuring Costs
313-388430.15
Loss (Gain) From Sale of Investments
-375153-992-1,4192,919-2,860
Loss (Gain) on Equity Investments
364013858--
Stock-Based Compensation
482449430615549330.76
Other Operating Activities
421233151-85-222180.93
Change in Accounts Receivable
-219-219-148-98-105-72.3
Change in Accounts Payable
2622621106928138.18
Change in Unearned Revenue
1919266032309.29
Change in Income Taxes
-----45.26
Change in Other Net Operating Assets
-209-179-154164-54-550.07
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
Cash Acquisitions
--56-30-31-1,754-59.63
Investment in Securities
1,235-587-1,076-6151,244-2,237
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 Debt Issued (Repaid)
-1,043-1,043----
Issuance of Common Stock
1382326160181,660
Other Financing Activities
------10.53
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%
Free Cash Flow 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
1,5881,286861.38578.5232.2573.69
Unlevered Free Cash Flow
1,5881,286861.38578.5232.2573.53

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
111111.29
Cash Income Tax Paid
3471941165027-10.47
Change in Working Capital
-147-117-166195-99-129.64
SEC Filings: 10-K · 10-Q