Shopify (SHOP) Change in Cash (2024 - 2026)
Shopify (SHOP) posted Change in Cash of -$192.0 million for Q2 2026, down 163.37% on a QoQ basis from $303.0 million in Q1 2026, and down 182.4% year-over-year from $233.0 million in Q2 2025.
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Analysis
Shopify (SHOP) Change in Cash (2024 - 2026) Analysis & Trends
Shopify has reported Change in Cash for 3 years, with the latest figure at -$192.0 million in Q2 2026.
- On a quarterly basis, Change in Cash fell 182.4% year-over-year to -$192.0 million in Q2 2026; TTM through Jun 2026 was $114.0 million, a 11300.0% increase from a year earlier, with the FY2025 full-year figure at $47.0 million, down 44.71% from the prior year.
- Change in Cash was -$192.0 million for Q2 2026 at Shopify, down from $303.0 million in the prior quarter.
- The five-year high for Change in Cash was $872.0 million in Q3 2025, with the low at -$869.0 million in Q4 2025.
- Average Change in Cash over 3 years is $24.3 million, with a median of -$21.5 million recorded in 2024.
- The largest YoY upside for Change in Cash was 2664.71% in 2025 against a maximum downside of 9555.56% in 2025.
- Over 3 years, Change in Cash stood at -$9.0 million in 2024, then plunged by 9555.56% to -$869.0 million in 2025, then jumped by 77.91% to -$192.0 million in 2026.
- The last three Change in Cash figures came in at -$192.0 million (Q2 2026), $303.0 million (Q1 2026), and -$869.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 17.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | -1.83 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | -3.16 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 1.76 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | -192.00 Mn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | -933.00 Mn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 1.33 Bn |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | 1.02 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 767.16 Mn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 294.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();