Shopify (SHOP) Exchange Rate Effect (2024 - 2026)
Shopify (SHOP) posted quarterly Exchange Rate Effect of -$3.0 million for Q1 2026, down 175.0% year-over-year from $4.0 million in Q1 2025, and down 50.0% quarter-over-quarter from -$2.0 million in Q4 2025.
Shopify (SHOP) Exchange Rate Effect (2024 - 2026) Analysis & Trends
Shopify's Exchange Rate Effect history runs 3 years deep, the most recent figure standing at -$3.0 million for Q1 2026.
- In Q1 2026, Exchange Rate Effect fell 175.0% year-over-year to -$3.0 million; the TTM figure through Mar 2026 stood at $8.0 million (up 300.0% YoY), while the FY2025 annual figure was $15.0 million, up 350.0% from the prior year.
- Exchange Rate Effect for Q1 2026 stood at -$3.0 million, down from -$2.0 million in the prior quarter.
- The five-year high for Exchange Rate Effect was $13.0 million in Q2 2025, with the low at -$12.0 million in Q4 2024.
- The 3-year median for Exchange Rate Effect is -$1.5 million (2024), against an average of $750000.0.
- The sharpest annual moves came in 2025 and 2026: Exchange Rate Effect jumped 1400.0% in 2025, then tumbled 175.0% in 2026.
- Shopify's Exchange Rate Effect stood at -$12.0 million in 2024, then surged by 83.33% to -$2.0 million in 2025, then slumped by 50.0% to -$3.0 million in 2026.
- Business Quant data shows SHOP's Exchange Rate Effect at -$3.0 million in Q1 2026, -$2.0 million in Q4 2025, and $13.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 104.61 Mn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | -4.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 11.00 Mn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 54.00 Mn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | - |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -2.82 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -24.10 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | -9.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 3.00 Mn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 782,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.00 Mn |
| Jun 30, 2026 | -4.00 Mn |
| Mar 31, 2026 | -3.00 Mn |
| Mar 31, 2026 | -3.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Jun 30, 2025 | 13.00 Mn |
| Jun 30, 2025 | 13.00 Mn |
| Mar 31, 2025 | 4.00 Mn |
| Mar 31, 2025 | 4.00 Mn |
| Dec 31, 2024 | -12.00 Mn |
| Dec 31, 2024 | -12.00 Mn |
| Sep 30, 2024 | 11.00 Mn |
| Sep 30, 2024 | 11.00 Mn |
| Jun 30, 2024 | -1.00 Mn |
| Jun 30, 2024 | -1.00 Mn |
| Mar 31, 2024 | -4.00 Mn |
| Mar 31, 2024 | -4.00 Mn |