Shopify (SHOP) Exchange Rate Effect (2024 - 2026)
Shopify's (SHOP) quarterly Exchange Rate Effect came in at -$3.0 million in Q1 2026, down 175.0% year-on-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.
- On a quarterly basis, Exchange Rate Effect fell 175.0% year-over-year to -$3.0 million in Q1 2026; TTM through Mar 2026 was $8.0 million, a 300.0% increase from a year earlier, with the FY2025 full-year figure at $15.0 million, up 350.0% from the prior year.
- Exchange Rate Effect eased to -$3.0 million in Q1 2026 per SHOP's latest filing, from -$2.0 million in the prior quarter.
- Across five years, Exchange Rate Effect topped out at $13.0 million in Q2 2025 and bottomed 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.
- Across the five-year window, Exchange Rate Effect jumped 1400.0% in 2025 and plunged 175.0% in 2026, its largest moves.
- Year by year, Exchange Rate Effect stood at -$12.0 million in 2024, then soared by 83.33% to -$2.0 million in 2025, then sank by 50.0% to -$3.0 million in 2026.
- Per Business Quant, the three latest SHOP Exchange Rate Effect figures stand at -$3.0 million (Q1 2026), -$2.0 million (Q4 2025), and $13.0 million (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 148.68 Mn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -4.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -3.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | -24.00 Mn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 11.00 Mn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | - |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -42.50 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -2.82 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | -12.97 Mn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | -4.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |