Shopify (SHOP) Change in Cash (2024 - 2026)
Shopify's Change in Cash was $212 million in Q3 2026, down 75.7% from $872 million a year earlier.
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Analysis
Shopify (SHOP) Change in Cash (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shopify's Change in Cash was -$546 million through Sep 30, 2026; for FY2025, it was $47 million, down 44.7% from FY2024.
- Change in Cash shows a five-year compound annual growth rate of -53.0% (FY2020 to FY2025).
- In earlier years, Change in Cash was $85 million in FY2024, -$236 million in FY2023, -$854 million in FY2022 and -$200.61 million in FY2021.
- Quarterly Change in Cash has moved between -$869 million (Q4 2025) and $872 million (Q3 2025) over five years.
- Per Business Quant data, SHOP's Change in Cash in the three quarters before Q3 2026 was -$192 million (Q2 2026), $303 million (Q1 2026) and -$869 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 423.00 Mn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | -4.92 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | -905.01 Mn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | -6.58 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 212.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 4.99 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 120.43 Mn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 93.18 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | -1.46 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 1.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 212.00 Mn |
| Jun 30, 2026 | -192.00 Mn |
| Mar 31, 2026 | 303.00 Mn |
| Dec 31, 2025 | -869.00 Mn |
| Sep 30, 2025 | 872.00 Mn |
| Jun 30, 2025 | 233.00 Mn |
| Mar 31, 2025 | -189.00 Mn |
| Dec 31, 2024 | -9.00 Mn |
| Sep 30, 2024 | -34.00 Mn |
| Jun 30, 2024 | -82.00 Mn |
| Mar 31, 2024 | 210.00 Mn |
API Access
Shopify Change in Cash API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-cash&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-cash", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-cash&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();