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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
145.09
-0.79 (-0.54%)
At close: Sep 4, 2026, 4:00 PM EDT
145.34
+0.25 (0.17%)
After-hours: Sep 4, 2026, 7:59 PM EDT

Shopify Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
1,502-581743264906-6821,293828171-273657718-1,31168-623-159-1,204-1,474-371.311,148
Depreciation & Amortization
777888881010101317303029161722.2413.6
Other Amortization
-----------------10.590.59
Loss (Gain) From Sale of Assets
------------1,340-------
Asset Writedown & Restructuring Costs
---310------38--84----30.15
Loss (Gain) From Sale of Investments
-1,2501,061-24862-6821,021-929-51276373-368-555-281-215476-1691,0181,594509.74-1,341
Loss (Gain) on Equity Investments
2221-28212423222844444810--------
Stock-Based Compensation
1281321151071131141091101061059810228013514215013911898.3181.34
Other Operating Activities
250-8914211884-11113975--21-21-21-22-34-28-194-117.95172.36
Change in Accounts Receivable
---219----148----98----105----42.03-2.86
Change in Accounts Payable
--262---110---69---28---98.7849.55
Change in Unearned Revenue
--19---26---60---32---22.3479.16
Change in Income Taxes
------------------31.676.84
Change in Other Net Operating Assets
-1-70-68-70-35-6-15-46-72-21-7-27941046817-52-8739.37-196.45
Operating Cash Flow
65848172551342836761542334023844827811810098-134-75-25291.7441.87
Operating Cash Flow Growth (YoY)
53.74%31.06%17.89%21.28%25.88%54.20%37.28%52.16%188.14%138.00%357.14%----66.41%---18.90%-53.15%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-4-5-10-6-6-4-4-2-7-6-2-2-21-14-8-14-12-16-25.98-11.36
Cash Acquisitions
------56--4-26-----31--1,724-30--9.83-49.8
Investment in Securities
741619-613488-71-391-555-253-2779-331-445-48209168-111,0751255.92-179.51
Other Investing Activities
1256-2--12---10-26-------
Investing Cash Flow
571310-654335-252-619-661-474-424-27-346-606-273-19159-1,829983-32-11.17-240.67

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Total Debt Repaid
---1,043-----------------
Net Debt Issued (Repaid)
---1,043-----------------
Issuance of Common Stock
36105244459496331711266732646.6829.15
Repurchase of Common Stock
-1,420-491------------------
Other Financing Activities
-------------------10.53-
Financing Cash Flow
-1,417-485-938244459496331711266732636.1529.15

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
-4-3-2-134-1211-1-47-7227-13-11--3.34-5.41
Net Cash Flow
-192303-869872233-189-9-34-82210126-324-12789271-1,973899-51313.38-175.06

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
654476715507422363611421333232446276978690-148-87-41265.7730.5
Free Cash Flow Growth (YoY)
54.98%31.13%17.02%20.43%26.73%56.47%37.00%52.54%243.30%169.77%395.56%----66.14%---11.20%-61.54%
Free Cash Flow Margin
18.25%15.02%19.47%17.83%15.75%15.38%21.73%19.47%16.28%12.47%20.80%16.10%5.73%5.70%5.19%-10.84%-6.72%-3.40%19.26%2.71%
Free Cash Flow Per Share
0.500.360.550.390.320.280.470.320.260.180.340.210.080.070.07-0.12-0.07-0.030.210.02
Levered Free Cash Flow
502.13122.25585.63377.75171.13151.75474.13110.13105.5171.63254.593.25142.88-23.38257.9815.2-9.33-31.65291.4273.3
Unlevered Free Cash Flow
502.13122.25585.63377.75171.13151.75474.13110.13105.5171.63254.593.25142.88-23.38257.9815.2-9.33-32.65291.3873.26

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
--1---1---1-----1-0.58-
Cash Income Tax Paid
148938323612753144092451110111510-6.91
Change in Working Capital
-1-70-6-70-35-6-27-46-72-2124-27941042317-52-87150.13-63.76
SEC Filings: 10-K · 10-Q