Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
118.25
-0.27 (-0.23%)
At close: Apr 2, 2026, 4:00 PM EDT
118.25
0.00 (0.00%)
After-hours: Apr 2, 2026, 7:59 PM EDT
Shopify Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 743 | 264 | 906 | -682 | 1,293 | 828 | 171 | -273 | 657 | 718 | -1,311 | 68 | -623 | -159 | -1,204 | -1,474 | -371.31 | 1,148 | 879.09 | 1,258 |
Depreciation & Amortization | 7 | 8 | 8 | 8 | 8 | 8 | 10 | 10 | 10 | 13 | 17 | 30 | 30 | 29 | 16 | 17 | 22.24 | 13.6 | 14.66 | 15.8 |
Other Amortization | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 0.59 | 0.59 | 0.59 | 0.59 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | - | - | - | - | - | 1,340 | - | - | - | - | - | - | - | - | - |
Asset Writedown & Restructuring Costs | - | 3 | 10 | - | - | - | - | - | - | 38 | - | - | 84 | - | - | - | - | 30.15 | - | - |
Loss (Gain) From Sale of Investments | -248 | 62 | -682 | 1,021 | -929 | -512 | 76 | 373 | -368 | -555 | -281 | -215 | 476 | -169 | 1,018 | 1,594 | 509.74 | -1,341 | -777.75 | -1,251 |
Loss (Gain) on Equity Investments | -28 | 21 | 24 | 23 | 22 | 28 | 44 | 44 | 48 | 10 | - | - | - | - | - | - | - | - | - | - |
Stock-Based Compensation | 115 | 107 | 113 | 114 | 109 | 110 | 106 | 105 | 98 | 102 | 280 | 135 | 142 | 150 | 139 | 118 | 98.31 | 81.34 | 81.96 | 69.16 |
Other Operating Activities | 142 | 118 | 84 | -111 | 139 | 7 | 5 | - | -21 | -21 | -21 | -22 | -34 | -2 | 8 | -194 | -117.95 | 172.36 | 21.64 | 104.89 |
Change in Accounts Receivable | -219 | - | - | - | -148 | - | - | - | -98 | - | - | - | -105 | - | - | - | -42.03 | -2.86 | 11.66 | -39.06 |
Change in Accounts Payable | 262 | - | - | - | 110 | - | - | - | 69 | - | - | - | 28 | - | - | - | 98.78 | 49.55 | -49.92 | 39.76 |
Change in Unearned Revenue | 19 | - | - | - | 26 | - | - | - | 60 | - | - | - | 32 | - | - | - | 22.34 | 79.16 | 197.43 | 10.36 |
Change in Income Taxes | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.67 | 6.84 | -2.77 | 9.53 |
Change in Other Net Operating Assets | -68 | -70 | -35 | -6 | -15 | -46 | -72 | -21 | -7 | -27 | 94 | 104 | 68 | 17 | -52 | -87 | 39.37 | -196.45 | -310.16 | -82.83 |
Operating Cash Flow | 725 | 513 | 428 | 367 | 615 | 423 | 340 | 238 | 448 | 278 | 118 | 100 | 98 | -134 | -75 | -25 | 291.74 | 41.87 | 66.42 | 135.68 |
Operating Cash Flow Growth | 17.89% | 21.28% | 25.88% | 54.20% | 37.28% | 52.16% | 188.14% | 138.00% | 357.14% | - | - | - | -66.41% | - | - | - | 18.90% | -53.15% | -62.09% | - |
Capital Expenditures | -10 | -6 | -6 | -4 | -4 | -2 | -7 | -6 | -2 | -2 | -21 | -14 | -8 | -14 | -12 | -16 | -25.98 | -11.36 | -8.26 | -5.19 |
Cash Acquisitions | - | - | - | -56 | - | -4 | -26 | - | - | - | - | -31 | - | -1,724 | -30 | - | -9.83 | -49.8 | - | - |
Investment in Securities | -613 | 488 | -71 | -391 | -555 | -253 | -277 | 9 | -331 | -445 | -48 | 209 | 168 | -11 | 1,075 | 12 | 55.92 | -179.51 | -500.59 | -1,613 |
Other Investing Activities | 56 | - | 2 | - | - | 1 | 2 | - | - | -10 | -26 | - | - | - | - | - | - | - | - | - |
Investing Cash Flow | -654 | 335 | -252 | -619 | -661 | -474 | -424 | -27 | -346 | -606 | -273 | -19 | 159 | -1,829 | 983 | -32 | -11.17 | -240.67 | -508.85 | -1,618 |
Total Debt Repaid | -1,043 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Debt Issued (Repaid) | -1,043 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Issuance of Common Stock | 105 | 24 | 44 | 59 | 49 | 6 | 3 | 3 | 17 | 11 | 26 | 6 | 7 | 3 | 2 | 6 | 46.68 | 29.15 | 20.37 | 1,564 |
Other Financing Activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -10.53 | - | - | - |
Financing Cash Flow | -938 | 24 | 44 | 59 | 49 | 6 | 3 | 3 | 17 | 11 | 26 | 6 | 7 | 3 | 2 | 6 | 36.15 | 29.15 | 20.37 | 1,564 |
Foreign Exchange Rate Adjustments | -2 | - | 13 | 4 | -12 | 11 | -1 | -4 | 7 | -7 | 2 | 2 | 7 | -13 | -11 | - | -3.34 | -5.41 | 1.17 | 0.58 |
Net Cash Flow | -869 | 872 | 233 | -189 | -9 | -34 | -82 | 210 | 126 | -324 | -127 | 89 | 271 | -1,973 | 899 | -51 | 313.38 | -175.06 | -420.9 | 81.97 |
Free Cash Flow | 715 | 507 | 422 | 363 | 611 | 421 | 333 | 232 | 446 | 276 | 97 | 86 | 90 | -148 | -87 | -41 | 265.77 | 30.5 | 58.16 | 130.5 |
Free Cash Flow Growth | 17.02% | 20.43% | 26.73% | 56.47% | 37.00% | 52.54% | 243.30% | 169.77% | 395.56% | - | - | - | -66.14% | - | - | - | 11.20% | -61.54% | -65.09% | - |
Free Cash Flow Margin | 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% | 5.20% | 13.20% |
Free Cash Flow Per Share | 0.55 | 0.39 | 0.32 | 0.28 | 0.47 | 0.32 | 0.26 | 0.18 | 0.34 | 0.21 | 0.08 | 0.07 | 0.07 | -0.12 | -0.07 | -0.03 | 0.21 | 0.02 | 0.05 | 0.10 |
Cash Interest Paid | 1 | - | - | - | 1 | - | - | - | 1 | - | - | - | - | - | 1 | - | 0.58 | - | 0.71 | - |
Cash Income Tax Paid | 83 | 23 | 61 | 27 | 53 | 14 | 40 | 9 | 24 | 5 | 11 | 10 | 1 | 1 | 15 | 10 | - | 6.91 | 15.28 | 0.56 |
Levered Free Cash Flow | 585.63 | 377.75 | 171.13 | 151.75 | 474.13 | 110.13 | 105.5 | 171.63 | 254.5 | 93.25 | 142.88 | -23.38 | 257.98 | 15.2 | -9.33 | -31.65 | 291.42 | 73.3 | 108.38 | 81.76 |
Unlevered Free Cash Flow | 585.63 | 377.75 | 171.13 | 151.75 | 474.13 | 110.13 | 105.5 | 171.63 | 254.5 | 93.25 | 142.88 | -23.38 | 257.98 | 15.2 | -9.33 | -32.65 | 291.38 | 73.26 | 108.33 | 81.72 |
Change in Working Capital | -6 | -70 | -35 | -6 | -27 | -46 | -72 | -21 | 24 | -27 | 94 | 104 | 23 | 17 | -52 | -87 | 150.13 | -63.76 | -153.77 | -62.25 |
Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.