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| Date | Value |
|---|---|
| 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 |