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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
149.80
+0.55 (0.37%)
At close: Aug 24, 2026, 4:00 PM EDT
149.64
-0.16 (-0.11%)
After-hours: Aug 24, 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
1,9281,3321,2311,7812,3451,6102,0191,3831,273-209132-1,148-2,025-1,918-3,460-3,208-1,901182.212,9153,410
Depreciation & Amortization
2930313232343638435070901061069385.2469.8567.5166.3152.93
Other Amortization
--------------1-0.591.172.762.3418.34
Loss (Gain) From Sale of Assets
---------1,3401,3401,3401,340-------
Asset Writedown & Restructuring Costs
313131310---383838122848484-30.1530.1530.1530.15
Loss (Gain) From Sale of Investments
-375193153-528-1,102-344-992-431-474-831-1,419-575-1891,1102,9192,9531,781-14.86-2,860-3,371
Loss (Gain) on Equity Investments
36384090971171381641461025810--------
Stock-Based Compensation
482467449443446439430419411585615659707566549505.31436.65379.61330.76299.51
Other Operating Activities
42125523323011940151-9-37-63-85-98-79-50-222-305.95-131.6-117.96180.93253.24
Change in Accounts Receivable
-219-219-219-148-148-148-148-98-98-98-98-105-105-105-105-42.03-44.89-33.24-72.3-38.36
Change in Accounts Payable
262262262110110110110696969692828282898.78148.3498.42138.1871.91
Change in Unearned Revenue
19191926262626606060603232323222.34101.5298.93309.29297.98
Change in Income Taxes
---------------31.6738.5135.7445.26-89.49
Change in Other Net Operating Assets
-209-243-179-126-102-139-154-146-12739164239283137-54-82.63-296.08-554.24-550.07-585.16
Operating Cash Flow
2,3772,1472,0331,9231,8331,7451,6161,4491,3041,082944594182-11-13657.74233.61375.03535.71489.34
Operating Cash Flow Growth (YoY)
29.68%23.04%25.80%32.71%40.57%61.27%71.19%143.94%616.48%--928.73%-22.09%---88.20%-56.48%-41.91%26.06%110.49%

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
-25-27-26-20-16-17-19-17-17-31-39-45-57-48-50-67.98-65.34-61.6-50.79-31.17
Cash Acquisitions
---56-56-60-86-30-30-26--31-31-1,755-1,785-1,754-1,764-89.63-59.63-59.63-49.8
Investment in Securities
1,235423-587-529-1,270-1,476-1,076-852-1,044-815-615-1163181,4411,2441,132963.41-612.18-2,237-2,948
Other Investing Activities
59605823333-8-36-36-36-26-------
Investing Cash Flow
562-261-1,190-1,197-2,006-2,178-1,586-1,271-1,403-1,252-1,244-739-1,962-706-719-889.17699.16-792.69-2,379-3,029

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
Long-Term Debt Repaid
---1,043-----------------
Total Debt Repaid
-1,043-1,043-1,043-----------------
Net Debt Issued (Repaid)
-1,043-1,043-1,043-----------------
Issuance of Common Stock
13817923217615811761293457605042181857.6883.84102.21,6601,634
Repurchase of Common Stock
-1,911-491------------------
Other Financing Activities
----------------10.53-10.53-10.53-10.53-
Financing Cash Flow
-2,816-1,355-81117615811761293457605042181847.1573.391.671,6501,634

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
-98155162-613-5-244-2-15-17-27.34-19.75-7.58-7.015.23
Net Cash Flow
114539479071-31485220-70-115-236-91-1,740-714-854-811.62986.32-333.58-200.61-900.27

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
2,3522,1202,0071,9031,8171,7281,5971,4321,2871,051905549125-59-186-10.23168.27313.43484.92458.17
Free Cash Flow Growth (YoY)
29.44%22.68%25.67%32.89%41.18%64.42%76.46%160.84%929.60%----25.71%----66.81%-49.07%26.54%149.41%
Free Cash Flow Margin
17.73%17.14%17.37%17.79%18.14%18.42%17.98%17.44%16.58%14.18%12.82%8.25%1.98%-1.00%-3.32%-0.19%3.36%6.49%10.51%10.88%
Free Cash Flow Per Share
1.811.621.541.451.391.331.231.090.990.820.700.430.10-0.05-0.15-0.010.130.250.380.36
Levered Free Cash Flow
1,5881,2571,2861,175907.13841.5861.38641.75736.13773.5578.5581.98392.68240.48232.2265.64342.57460.28573.69522.55
Unlevered Free Cash Flow
1,5881,2571,2861,175907.13841.5861.38641.75736.13773.5578.5581.98392.68241.48232.2265.6342.5459.16573.53519.77

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
11111111111--111.581.581.291.290.71
Cash Income Tax Paid
3472601941641551341168778495027232727----10.4792.28
Change in Working Capital
-147-181-117-138-114-151-166-115-967019519423892-9928.13-52.62-154.39-129.64-203.18
SEC Filings: 10-K · 10-Q