Shopify Inc. (SHOP) Quarterly Cash Flow Statement

120+ quarters historyFree accessUpdated daily

Shopify Inc. (SHOP) quarterly cash flow statement — complete operating, investing & financing history

Quarterly statement

SHOP Cash Flow Statement

Shopify Inc. (SHOP) cash flow statement — 13-year operating, investing & financing cash flows

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Cash from Operations	658M	481M	725M	513M	436.08M	367M	615M	423M	340M	238M	448M	278M	118M	100M	255.38M	-134M	-75M	-25M	260.46M	41.87M
Operating CF Margin %	18.36%	15.17%	19.74%	18.04%	16.27%	15.55%	21.87%	19.57%	16.63%	12.79%	20.9%	16.22%	6.97%	6.63%	14.72%	-9.81%	-5.79%	-2.08%	18.87%	3.73%
Operating CF Growth %	50.89%	31.06%	17.89%	21.28%	28.26%	54.2%	37.28%	52.16%	188.14%	138%	75.42%	307.46%	257.33%	500%	-1.95%	-420.07%	-212.92%	-118.43%	6.15%	-53.15%
Net Income	1.5B	-581M	743M	264M	920.93M	-682M	1.29B	828M	171M	-273M	657M	718M	-1.31B	68M	-623.69M	-159M	-1.2B	-1.47B	-371.31M	1.15B
Depreciation & Amortization	7M	7M	7M	8M	8.13M	8M	8M	8M	10M	10M	10M	13M	17M	30M	29.82M	29M	16M	17M	22.24M	13.6M
Stock-Based Compensation	128M	132M	115M	107M	-7M	114M	109M	110M	106M	105M	98M	102M	280M	135M	141.74M	150M	139M	118M	98.31M	81.34M
Deferred Taxes	165M	-139M	22M	-5M	103.86M	-129M	72M	3M	2M	1M	-3M	-1M	2M	1M	-5.34M	-1M	4M	-184M	-115.89M	178.5M
Other Non-Cash Items	-1.14B	1.13B	-156M	209M	-553.74M	1.06B	-840M	-480M	123M	416M	-338M	-527M	1.04B	-238M	531.13M	-170M	1.02B	1.58B	508.25M	-1.32B
Working Capital Changes	-1M	-70M	-6M	-70M	-36.11M	-6M	-27M	-46M	-72M	-21M	24M	-27M	94M	104M	181.72M	17M	-52M	-87M	118.85M	-63.76M
Change in Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	195.46M	-170.42M	-121.66M	-31.29M	-42.03M	-122.02M
Change in Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash from Investing	571M	310M	-654M	335M	-249.16M	-619M	-661M	-474M	-424M	-27M	-346M	-606M	-273M	-19M	2M	-1.83B	983M	-32M	20.11M	-240.67M
Capital Expenditures	-4M	-5M	-10M	-6M	-6.13M	-4M	-4M	-2M	-7M	-6M	-2M	-2M	-21M	-14M	-7.62M	-14M	-12M	-16M	-25.98M	-11.36M
CapEx % of Revenue	0.11%	0.16%	0.27%	0.21%	0.23%	0.17%	0.14%	0.09%	0.34%	0.32%	0.09%	0.12%	1.24%	0.93%	0.44%	1.02%	0.93%	1.33%	1.88%	1.01%
Acquisitions	0	-1M	-16M	-8M	1.06M	-56M	-26M	-8M	-132M	-1M	-260M	0	-14M	-121M	-5.02M	-1.78B	-146M	-454M	-17.49M	-290.49M
Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Investing	1.42B	-304M	-31M	-147M	-177.96M	-168M	-102M	-215M	-114M	-30M	-13M	-159M	-204M	-183M	-158.68M	-80M	-50M	-28M	0	0
Cash from Financing	-1.42B	-485M	-938M	24M	44.43M	59M	49M	6M	3M	3M	17M	11M	26M	6M	6.29M	3M	2M	6M	36.15M	29.15M
Debt Issued (Net)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	-1.42B	-485M	105M	23.29M	44.43M	58.82M	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-1.42B	-491M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Financing	0	0	-1.04B	710.4K	0	0	49M	6M	3M	3M	17M	11M	26M	6M	6.29M	3M	2M	6M	36.15M	29.15M
Net Change in Cash	-192M	303M	-869M	872M	236.37M	-189M	-9M	-34M	-82M	210M	126M	-324M	-127M	89M	271.08M	-1.97B	899M	-51M	313.38M	-175.06M
Free Cash Flow	654M	476M	715M	507M	429.94M	363M	611M	421M	333M	232M	446M	276M	97M	86M	247.76M	-148M	-87M	-41M	234.48M	30.5M
FCF Margin %	18.25%	15.02%	19.47%	17.83%	16.04%	15.38%	21.73%	19.47%	16.28%	12.47%	20.8%	16.1%	5.73%	5.7%	14.28%	-10.83%	-6.72%	-3.41%	16.99%	2.71%
FCF Growth %	52.11%	31.13%	17.02%	20.43%	29.11%	56.47%	37%	52.54%	243.3%	169.77%	80.01%	286.49%	211.49%	309.76%	5.66%	-585.18%	-249.59%	-131.42%	-1.89%	-61.54%
FCF per Share	0.50	0.37	0.55	0.39	0.33	0.28	0.47	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
FCF Conversion (FCF/Net Income)	0.44x	-0.83x	0.98x	1.94x	0.48x	-0.54x	0.48x	0.51x	1.99x	-0.87x	0.68x	0.39x	-0.09x	1.47x	-0.41x	0.84x	0.06x	0.02x	-0.70x	0.04x
Interest Paid	0	0	0	0	0	0	0	0	0	0	0	0	1M	0	575K	0	1M	0	0	0
Taxes Paid	0	93M	83M	23M	61M	27M	53M	14M	40M	9M	24M	5M	11M	10M	1.18M	1M	15M	10M	0	6.91M