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.
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 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | -192.00 Mn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | 138.07 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | -703,000.00 |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | -762,000.00 |
| 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 | 118,435.00 |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | -426.00 |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | - |
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 |