Shopify (SHOP) Exchange Rate Effect (2014 - 2026)
Shopify's 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 has reported Exchange Rate Effect for 13 years, with the latest figure at -$3.0 million in Q1 2026.
- For the quarter ending Q1 2026, Exchange Rate Effect fell 175.0% year-over-year to -$3.0 million; the trailing twelve-month figure through Mar 2026 stood at $8.0 million (up 300.0% YoY), and the FY2025 full-year result 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.
- Average Exchange Rate Effect over 5 years is -$244418.3, with a median of -$489000.0 recorded in 2022.
- Year-over-year, Exchange Rate Effect sank 1012.15% in 2022 and soared 8990.91% in 2023.
- Tracing SHOP's Exchange Rate Effect over 5 years: stood at $4.9 million in 2022, then sank by 58.89% to $2.0 million in 2023, then tumbled by 700.0% to -$12.0 million in 2024, then jumped by 83.33% to -$2.0 million in 2025, then slumped by 50.0% to -$3.0 million in 2026.
- The last three Exchange Rate Effect figures came in at -$3.0 million (Q1 2026), -$2.0 million (Q4 2025), and $13.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 148.68 Mn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 4.00 Mn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | -24.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -3.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | -5.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | -12.97 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 13.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -42.50 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 3.00 Mn |
| 10 | Datadog | 78.54 Bn | 73.78 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 |
| Jun 30, 2023 | 2.00 Mn |
| Jun 30, 2023 | 2.00 Mn |
| Mar 31, 2023 | 2.00 Mn |
| Mar 31, 2023 | 2.00 Mn |
| Dec 31, 2022 | 4.86 Mn |
| Dec 31, 2022 | 4.86 Mn |
| Sep 30, 2022 | -9.66 Mn |
| Sep 30, 2022 | -9.66 Mn |
| Jun 30, 2022 | -8.65 Mn |
| Jun 30, 2022 | -8.65 Mn |
| Mar 31, 2022 | 22,000.00 |
| Mar 31, 2022 | 22,000.00 |
| Dec 31, 2021 | -2.65 Mn |
| Dec 31, 2021 | -2.65 Mn |
| Sep 30, 2021 | -4.29 Mn |
| Sep 30, 2021 | -4.29 Mn |
| Jun 30, 2021 | 947,759.14 |
| Jun 30, 2021 | 947,759.14 |
| Mar 31, 2021 | 455,887.19 |
| Mar 31, 2021 | 455,887.19 |
| Dec 31, 2020 | 6.82 Mn |
| Dec 31, 2020 | 6.82 Mn |
| Sep 30, 2020 | 2.65 Mn |
| Sep 30, 2020 | 2.65 Mn |
| Jun 30, 2020 | 4.19 Mn |
| Jun 30, 2020 | 4.19 Mn |
| Mar 31, 2020 | -11.20 Mn |
| Mar 31, 2020 | -11.20 Mn |
| Dec 31, 2019 | 1.10 Mn |
| Dec 31, 2019 | 1.10 Mn |
| Sep 30, 2019 | -1.01 Mn |
| Sep 30, 2019 | -1.01 Mn |
| Jun 30, 2019 | 724,231.93 |
| Jun 30, 2019 | 724,231.93 |
| Mar 31, 2019 | 492,520.26 |
| Mar 31, 2019 | 492,520.26 |
| Dec 31, 2018 | -238,650.23 |
| Dec 31, 2018 | -238,650.23 |
| Sep 30, 2018 | -357,241.31 |
| Sep 30, 2018 | -357,241.31 |
| Jun 30, 2018 | -651,133.57 |
| Jun 30, 2018 | -651,133.57 |
| Mar 31, 2018 | -193,845.01 |
| Mar 31, 2018 | -193,845.01 |
| Dec 31, 2017 | 140,111.32 |
| Dec 31, 2017 | 140,111.32 |
| Sep 30, 2017 | 825,315.58 |
| Sep 30, 2017 | 825,315.58 |
| Jun 30, 2017 | 681,244.36 |
| Jun 30, 2017 | 681,244.36 |
| Mar 31, 2017 | -20,395.07 |
| Mar 31, 2017 | -20,395.07 |
| Dec 31, 2016 | -100,459.10 |
| Dec 31, 2016 | -100,459.10 |
| Jun 30, 2016 | 172,000.00 |
| Jun 30, 2016 | 172,000.00 |
| Mar 31, 2016 | 1.08 Mn |
| Mar 31, 2016 | 1.08 Mn |
| Dec 31, 2015 | -326,000.00 |
| Dec 31, 2015 | -326,000.00 |
| Sep 30, 2015 | -484,000.00 |
| Sep 30, 2015 | -484,000.00 |
| Jun 30, 2015 | 134,000.00 |
| Jun 30, 2015 | 134,000.00 |
| Mar 31, 2015 | -978,000.00 |
| Mar 31, 2015 | -978,000.00 |
| Dec 31, 2014 | -188,000.00 |
| Dec 31, 2014 | -188,000.00 |
| Sep 30, 2014 | -249,000.00 |
| Sep 30, 2014 | -249,000.00 |