Shopify SHOP
NASDAQ SHOP
$145.09 -0.79 (-0.54%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Shopify (SHOP) posted Cash from Operations of $658.0 million for Q2 2026, up 36.8% on a QoQ basis from $481.0 million in Q1 2026, and up 53.74% year-over-year from $428.0 million in Q2 2025.

Analysis

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

Shopify has reported Cash from Operations for 3 years, with the latest figure at $658.0 million in Q2 2026.

  • On a quarterly basis, Cash from Operations rose 53.74% year-over-year to $658.0 million in Q2 2026; TTM through Jun 2026 was $2.4 billion, a 29.68% increase from a year earlier, with the FY2025 full-year figure at $2.0 billion, up 25.8% from the prior year.
  • Cash from Operations was $658.0 million for Q2 2026 at Shopify, up from $481.0 million in the prior quarter.
  • The five-year high for Cash from Operations was $725.0 million in Q4 2025, with the low at $238.0 million in Q1 2024.
  • Average Cash from Operations over 3 years is $478.8 million, with a median of $454.5 million recorded in 2025.
  • The largest YoY upside for Cash from Operations was 54.2% in 2025 against a maximum downside of 17.89% in 2025.
  • Over 3 years, Cash from Operations stood at $615.0 million in 2024, then climbed by 17.89% to $725.0 million in 2025, then fell by 9.24% to $658.0 million in 2026.
  • The last three Cash from Operations figures came in at $658.0 million (Q2 2026), $481.0 million (Q1 2026), and $725.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Shopify 187.92 Bn 182.98 Bn 1.71 Bn 658.00 Mn
2 Global-E Online 6.49 Bn 6.13 Bn 131.87 Mn 73.64 Mn
3 Vtex 624.51 Mn 438.62 Mn 51.71 Mn 12.91 Mn
4 Rezolve Ai 359.91 Mn 248.80 Mn - -
5 Commerce.com 212.95 Mn 56.62 Mn 63.53 Mn 5.09 Mn
6 Baozun 154.04 Mn -65.26 Mn 302.56 Mn -
7 BeLive Holdings 23.36 Mn 16.74 Mn - -
8 Paid 20.26 Mn 19.18 Mn 1.22 Mn 217,888.00
9 Caro Holdings 11.71 Mn 11.71 Mn - -15,445.00
10 My Size 1.36 Mn 650,132.45 973,000.00 -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 658.00 Mn
Mar 31, 2026 481.00 Mn
Dec 31, 2025 725.00 Mn
Sep 30, 2025 513.00 Mn
Jun 30, 2025 428.00 Mn
Mar 31, 2025 367.00 Mn
Dec 31, 2024 615.00 Mn
Sep 30, 2024 423.00 Mn
Jun 30, 2024 340.00 Mn
Mar 31, 2024 238.00 Mn