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

Shopify's (SHOP) quarterly Cash from Operations came in at 481000000.0 in Q1 2026, up 31.06% year-on-year from 367000000.0 in Q1 2025, and down 33.66% quarter-over-quarter from 725000000.0 in Q4 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.

  • On a quarterly basis, Cash from Operations rose 31.06% year-over-year to 481000000.0 in Q1 2026; TTM through Mar 2026 was 2147000000.0, a 23.04% increase from a year earlier, with the FY2025 full-year figure at 2033000000.0, up 25.8% from the prior year.
  • Cash from Operations declined to 481000000.0 in Q1 2026 per SHOP's latest filing, from 725000000.0 in the prior quarter.
  • Across five years, Cash from Operations topped out at 725000000.0 in Q4 2025 and bottomed at 238000000.0 in Q1 2024.
  • The 3-year median for Cash from Operations is 428000000.0 (2025), against an average of 458888888.89.
  • Biggest YoY gain for Cash from Operations was 54.2% in 2025; the steepest drop was 17.89% in 2025.
  • Year by year, Cash from Operations stood at 615000000.0 in 2024, then advanced by 17.89% to 725000000.0 in 2025, then sank by 33.66% to 481000000.0 in 2026.
  • Per Business Quant, the three latest SHOP Cash from Operations figures stand at 481000000.0 (Q1 2026), 725000000.0 (Q4 2025), and 513000000.0 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 4.11 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - 226.44 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 481.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 2.35 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.70 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 587.00 Mn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 2.24 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 243.22 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 355.78 Mn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 334.62 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