Shopify (SHOP) Cash from Operations (2024 - 2026)

Shopify (SHOP) recorded quarterly Cash from Operations of 481000000.0 in Q1 2026, down 33.66% quarter-over-quarter from 725000000.0 in Q4 2025, and up 31.06% on a YoY basis from 367000000.0 in Q1 2025.

Shopify (SHOP) Cash from Operations (2024 - 2026) Analysis & Trends

Shopify's Cash from Operations history runs 3 years deep, the most recent figure standing at 481000000.0 for Q1 2026.

  • In Q1 2026, Cash from Operations rose 31.06% year-over-year to 481000000.0; the TTM figure through Mar 2026 stood at 2147000000.0 (up 23.04% YoY), while the FY2025 annual figure was 2033000000.0, up 25.8% from the prior year.
  • Cash from Operations was 481000000.0 for Q1 2026 at Shopify, down from 725000000.0 in the prior quarter.
  • In the past five years, Cash from Operations ranged from a high of 725000000.0 in Q4 2025 to a low of 238000000.0 in Q1 2024.
  • Historically, Cash from Operations has averaged 458888888.89 across 3 years, with a median of 428000000.0 in 2025.
  • Biggest YoY gain for Cash from Operations was 54.2% in 2025; the steepest drop was 17.89% in 2025.
  • A 3-year view of Cash from Operations shows it stood at 615000000.0 in 2024, then advanced by 17.89% to 725000000.0 in 2025, then tumbled by 33.66% to 481000000.0 in 2026.
  • The last three Cash from Operations figures came in at 481000000.0 (Q1 2026), 725000000.0 (Q4 2025), and 513000000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 4.11 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 226.44 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 2.35 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 481.00 Mn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.70 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 355.78 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 1.67 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 2.24 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 2.17 Bn
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn 243.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 481.00 Mn
Mar 31, 2026 481.00 Mn
Dec 31, 2025 725.00 Mn
Dec 31, 2025 725.00 Mn
Sep 30, 2025 513.00 Mn
Sep 30, 2025 513.00 Mn
Jun 30, 2025 428.00 Mn
Jun 30, 2025 428.00 Mn
Mar 31, 2025 367.00 Mn
Mar 31, 2025 367.00 Mn
Dec 31, 2024 615.00 Mn
Dec 31, 2024 615.00 Mn
Sep 30, 2024 423.00 Mn
Sep 30, 2024 423.00 Mn
Jun 30, 2024 340.00 Mn
Jun 30, 2024 340.00 Mn
Mar 31, 2024 238.00 Mn
Mar 31, 2024 238.00 Mn