Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
116.95
-4.94 (-4.05%)
At close: Jul 8, 2026, 4:00 PM EDT
118.79
+1.85 (1.58%)
After-hours: Jul 8, 2026, 6:20 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 | 1,332 | 1,231 | 1,781 | 2,345 | 1,610 | 2,019 | 1,383 | 1,273 | -209 | 132 | -1,148 | -2,025 | -1,918 | -3,460 | -3,208 | -1,901 | 182.21 | 2,915 | 3,410 | 2,452 |
Depreciation & Amortization | 30 | 31 | 32 | 32 | 34 | 36 | 38 | 43 | 50 | 70 | 90 | 106 | 105 | 93 | 84.24 | 68.85 | 67.51 | 66.31 | 61.96 | 66.23 |
Stock-Based Compensation | 467 | 449 | 443 | 446 | 439 | 430 | 419 | 411 | 585 | 615 | 659 | 707 | 566 | 549 | 505.31 | 436.65 | 379.61 | 330.76 | 299.51 | 281.98 |
Other Adjustments | 224 | 351 | -333 | -1,000 | -338 | -869 | -391 | -423 | 618 | 127 | 993 | -30 | 1,152 | 2,683 | 2,648 | 1,651 | -130.06 | -2,646 | -3,076 | -2,045 |
Change in Receivables | - | -360 | - | - | - | -230 | - | - | - | 116 | - | - | - | -128 | - | - | - | -614.34 | -345.88 | -316.03 |
Changes in Accounts Payable | - | 262 | - | - | - | 110 | - | - | - | 69 | - | - | - | 28 | - | - | - | 138.18 | 71.91 | 46.77 |
Changes in Income Taxes Payable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.67 | 38.51 | 35.74 | 45.26 | 50.44 | 19.05 |
Changes in Unearned Revenue | - | 19 | - | - | - | 26 | - | - | - | 60 | - | - | - | 32 | - | - | - | 309.29 | 295.9 | 264.02 |
Changes in Other Operating Activities | - | -38 | - | - | - | -72 | - | - | - | -50 | - | - | - | -31 | -10.23 | -76.71 | -270.06 | -315.27 | -277.64 | -232.21 |
Operating Cash Flow | 2,147 | 2,033 | 1,923 | 1,833 | 1,745 | 1,616 | 1,449 | 1,304 | 1,082 | 944 | 594 | 182 | -11 | -136 | 26.46 | 202.32 | 343.75 | 535.71 | 489.34 | 536.83 |
Operating Cash Flow Growth | 23.04% | 25.80% | 32.71% | 40.57% | 61.27% | 71.19% | 143.94% | 616.48% | - | - | 2145.07% | -10.04% | - | - | -94.59% | -62.31% | -45.92% | 26.06% | 119.95% | 418.93% |
Capital Expenditures | -27 | -26 | -20 | -16 | -17 | -19 | -17 | -17 | -31 | -39 | -45 | -57 | -48 | -50 | -67.98 | -65.34 | -61.6 | -50.79 | -31.17 | -29.86 |
Purchases of Investments | -10,819 | -11,153 | -10,712 | -11,182 | -11,353 | -11,539 | -10,767 | -10,142 | -9,242 | -8,066 | -7,193 | -6,651 | -5,708 | -6,172 | -5,927 | -6,039 | -7,254 | -8,186 | -8,199 | -8,182 |
Proceeds from Sale of Investments | 10,525 | 9,987 | 9,589 | 9,249 | 9,275 | 9,999 | 9,540 | 8,790 | 8,057 | 6,928 | 6,566 | 6,527 | 6,835 | 7,257 | 7,058 | 7,002 | 6,642 | 5,917 | 5,251 | 4,500 |
Payments for Business Acquisitions | 0 | -56 | -56 | -60 | -86 | -30 | -30 | -26 | 0 | -31 | -31 | -1,755 | -1,785 | -1,754 | -1,764 | -89.63 | - | -59.63 | - | - |
Other Investing Activities | 60 | 58 | 2 | 3 | 3 | 3 | 3 | - | - | -36 | -36 | - | - | - | - | - | - | - | - | - |
Investing Cash Flow | -261 | -1,190 | -1,197 | -2,006 | -2,178 | -1,586 | -1,271 | -1,403 | -1,252 | -1,244 | -739 | -1,962 | -706 | -719 | -889.17 | 699.16 | -792.69 | -2,379 | -3,029 | -3,712 |
Long-Term Debt Repaid | - | -1,043 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Long-Term Debt Issued (Repaid) | - | -1,043 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - |
Issuance of Common Stock | 179 | 232 | 176 | 158 | 117 | 61 | 29 | 34 | 57 | 60 | 50 | 42 | 18 | 18 | 47.15 | 73.3 | 91.67 | 1,650 | 1,634 | 2,735 |
Repurchase of Common Stock | -491 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Common Stock Issued (Repurchased) | -312 | 232 | 176 | 158 | 117 | 61 | 29 | 34 | 57 | 60 | 50 | 42 | 18 | 18 | 47.15 | 73.3 | 91.67 | 1,650 | 1,634 | 2,735 |
Financing Cash Flow | -1,355 | -811 | 176 | 158 | 117 | 61 | 29 | 34 | 57 | 60 | 50 | 42 | 18 | 18 | 47.15 | 73.3 | 91.67 | 1,650 | 1,634 | 3,643 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 8 | 15 | 5 | 16 | 2 | -6 | 13 | -5 | -2 | 4 | 4.41 | -1.6 | -14.6 | -17 | -27.34 | -19.75 | -7.58 | -7.01 | 5.23 | 14.17 |
Net Cash Flow | 539 | 47 | 907 | 1 | -314 | 85 | 220 | -70 | -115 | -236 | -91 | -1,740 | -714 | -854 | -811.62 | 986.32 | -333.58 | -200.61 | -900.27 | 482.31 |
Free Cash Flow | 2,120 | 2,007 | 1,903 | 1,817 | 1,728 | 1,597 | 1,432 | 1,287 | 1,051 | 905 | 549 | 125 | -59 | -186 | -41.52 | 136.99 | 282.15 | 484.92 | 458.17 | 506.97 |
Free Cash Flow Growth | 22.68% | 25.67% | 32.89% | 41.18% | 64.42% | 76.46% | 160.84% | 929.60% | - | - | - | -8.75% | - | - | - | -72.98% | -53.40% | 26.54% | 163.77% | 878.77% |
FCF Margin | 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% | -0.79% | 2.74% | 5.84% | 10.51% | 10.88% | 13.16% |
Free Cash Flow Per Share | 1.62 | 1.54 | 1.45 | 1.39 | 1.33 | 1.23 | 1.10 | 0.99 | 0.81 | 0.70 | 0.43 | 0.10 | -0.05 | -0.15 | -0.03 | 0.11 | 0.22 | 0.38 | 0.36 | 0.40 |
Levered Free Cash Flow | 1,335 | 436 | 1,793 | 2,361 | 1,627 | 2,100 | 1,404 | 1,299 | -190 | 242 | -1,103 | -1,976 | -1,861 | -3,388 | -3,171 | -1,936 | -46.2 | 3,108 | 3,581 | 2,586 |
Unlevered Free Cash Flow | 1,650 | 1,446 | 1,314 | 1,258 | 1,209 | 1,055 | 856 | 718.32 | -1,600 | -901.76 | -1,913 | -2,347 | -871.62 | -713.02 | -530.62 | -298.73 | -148.55 | 442.29 | 505.9 | 533.84 |