Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
118.71
+3.68 (3.20%)
At close: May 29, 2026, 4:00 PM EDT
118.61
-0.10 (-0.08%)
After-hours: May 29, 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 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Net Income | -581 | 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 |
Depreciation & Amortization | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 10 | 10 | 10 | 13 | 17 | 30 | 29.82 | 29 | 16 | 17 | 22.24 | 13.6 | 14.66 |
Stock-Based Compensation | 132 | 115 | 107 | 113 | 114 | 109 | 110 | 106 | 105 | 98 | 102 | 280 | 135 | 142 | 150 | 139 | 118 | 98.31 | 81.34 | 81.96 |
Other Adjustments | 923 | -228 | 134 | -599 | 927 | -768 | -523 | 53 | 396 | -341 | -555 | 1,132 | -133 | 526 | -154 | 974 | 1,314 | 392.37 | -1,168 | -755.53 |
Change in Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -42.03 | -122.02 | -101.87 |
Changes in Accounts Payable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 98.78 | 49.55 | -49.92 |
Changes in Income Taxes Payable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.67 | 6.84 | -2.77 |
Changes in Unearned Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22.34 | 79.16 | 199.46 |
Changes in Other Operating Activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -33.08 | -77.29 | -196.64 |
Operating Cash Flow | 481 | 725 | 513 | 428 | 367 | 615 | 423 | 340 | 238 | 448 | 278 | 118 | 100 | 255.39 | -134 | -75 | -25 | 260.46 | 41.87 | 66.42 |
Operating Cash Flow Growth | 31.06% | 17.89% | 21.28% | 25.88% | 54.20% | 37.28% | 52.16% | 188.14% | 138.00% | 75.42% | - | - | - | -1.95% | - | - | - | 6.15% | -57.86% | -59.79% |
Capital Expenditures | -5 | -10 | -6 | -6 | -4 | -4 | -2 | -7 | -6 | -2 | -2 | -21 | -14 | -8 | -14 | -12 | -16 | -25.98 | -11.36 | -8.26 |
Purchases of Investments | -2,193 | -3,683 | -2,464 | -2,479 | -2,527 | -3,242 | -2,934 | -2,650 | -2,713 | -2,470 | -2,309 | -1,750 | -1,537 | -1,597 | -1,767 | -807 | -2,001 | -1,729 | -1,707 | -1,900 |
Proceeds from Sale of Investments | 2,506 | 2,983 | 2,805 | 2,231 | 1,968 | 2,585 | 2,465 | 2,257 | 2,692 | 2,126 | 1,715 | 1,524 | 1,563 | 1,764 | 1,676 | 1,832 | 1,985 | 1,784 | 1,528 | 1,400 |
Payments for Business Acquisitions | - | 0 | - | - | -56 | 0 | -4 | -26 | - | 0 | - | - | -31 | 0 | -1,724 | -30 | - | -9.83 | -49.8 | - |
Other Investing Activities | 2 | 56 | - | 2 | - | 0 | 1 | 2 | - | 0 | -10 | -26 | - | - | - | - | - | - | - | - |
Investing Cash Flow | 310 | -654 | 335 | -252 | -619 | -661 | -474 | -424 | -27 | -346 | -606 | -273 | -19 | 2 | -1,829 | 983 | -32 | -11.17 | -240.67 | -508.85 |
Issuance of Common Stock | 6 | 105 | 24 | 44 | 59 | 49 | 6 | 3 | 3 | 17 | 11 | 26 | 6 | 7 | 3 | 2 | 6 | 36.15 | 29.15 | 20.37 |
Repurchase of Common Stock | -491 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Common Stock Issued (Repurchased) | -485 | 105 | 24 | 44 | 59 | 49 | 6 | 3 | 3 | 17 | 11 | 26 | 6 | 7 | 3 | 2 | 6 | 36.15 | 29.15 | 20.37 |
Financing Cash Flow | -485 | -938 | 24 | 44 | 59 | 49 | 6 | 3 | 3 | 17 | 11 | 26 | 6 | 7 | 3 | 2 | 6 | 36.15 | 29.15 | 20.37 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -3 | -2 | - | 13 | 4 | -12 | 11 | -1 | -4 | 7 | -7 | 2 | 2 | 7.41 | -13 | -11 | - | -3.34 | -5.41 | 1.17 |
Net Cash Flow | 303 | -869 | 872 | 233 | -189 | -9 | -34 | -82 | 210 | 126 | -324 | -127 | 89 | 271 | -1,973 | 899 | -51 | 313.38 | -175.06 | -420.9 |
Free Cash Flow | 476 | 715 | 507 | 422 | 363 | 611 | 421 | 333 | 232 | 446 | 276 | 97 | 86 | 247.39 | -148 | -87 | -41 | 234.48 | 30.5 | 58.16 |
Free Cash Flow Growth | 31.13% | 17.02% | 20.43% | 26.73% | 56.47% | 37.00% | 52.54% | 243.30% | 169.77% | 80.29% | - | - | - | 5.50% | - | - | - | -1.89% | -65.84% | -62.86% |
FCF Margin | 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% | 14.26% | -10.83% | -6.72% | -3.41% | 16.99% | 2.71% | 5.20% |
Free Cash Flow Per Share | 0.37 | 0.55 | 0.39 | 0.32 | 0.28 | 0.46 | 0.32 | 0.26 | 0.18 | 0.34 | 0.21 | 0.08 | 0.07 | 0.19 | -0.12 | -0.07 | -0.03 | 0.19 | 0.02 | 0.05 |
Levered Free Cash Flow | -579 | 740 | 266 | 908 | -678 | 1,297 | 834 | 174 | -269 | 665 | 729 | -1,315 | 84 | -601.18 | -144 | -1,200 | -1,473 | -255.33 | 1,209 | 835.62 |
Unlevered Free Cash Flow | 352.07 | 628 | 296 | 246.34 | 183.8 | 469 | 278.47 | 206.01 | 95.71 | 286.41 | 131.32 | -1,653 | -156.68 | -168.93 | -333.19 | -186.95 | -86.39 | 126.93 | 56.99 | 89.87 |