Shopify (SHOP) Net Cash Flow (2014 - 2026)
Shopify's quarterly Net Cash Flow came in at $306.0 million in Q1 2026, up 258.55% year-on-year from $85.3 million in Q1 2025, and up 135.29% quarter-over-quarter from -$867.0 million in Q4 2025.
Shopify has reported Net Cash Flow for 13 years, with the latest figure at $306.0 million in Q1 2026.
- For the quarter ending Q1 2026, Net Cash Flow rose 258.55% year-over-year to $306.0 million; the trailing twelve-month figure through Mar 2026 stood at $531.0 million (up 268.04% YoY), and the FY2025 full-year result was $32.0 million, down 64.84% from the prior year.
- Net Cash Flow for Q1 2026 stood at $306.0 million, up from -$867.0 million in the prior quarter.
- The five-year high for Net Cash Flow was $872.0 million in Q3 2025, with the low at -$1.5 billion in Q3 2022.
- Average Net Cash Flow over 5 years is -$16.5 million, with a median of $3.0 million recorded in 2024.
- Peak annual rise in Net Cash Flow reached 2037.78% in 2025, while the deepest fall reached 29000.0% in 2025.
- Tracing SHOP's Net Cash Flow over 5 years: stood at $194.6 million in 2022, then slumped by 166.3% to -$129.0 million in 2023, then jumped by 102.33% to $3.0 million in 2024, then plunged by 29000.0% to -$867.0 million in 2025, then soared by 135.29% to $306.0 million in 2026.
- The last three Net Cash Flow figures came in at $306.0 million (Q1 2026), -$867.0 million (Q4 2025), and $872.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 1.52 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | -1.66 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | -1.51 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 306.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | -1.02 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | -1.58 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 888.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -21.02 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 5.13 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 29.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 306.00 Mn |
| Mar 31, 2026 | 306.00 Mn |
| Dec 31, 2025 | -867.00 Mn |
| Dec 31, 2025 | -867.00 Mn |
| Sep 30, 2025 | 872.00 Mn |
| Sep 30, 2025 | 872.00 Mn |
| Jun 30, 2025 | 220.00 Mn |
| Jun 30, 2025 | 220.00 Mn |
| Mar 31, 2025 | -193.00 Mn |
| Mar 31, 2025 | -193.00 Mn |
| Dec 31, 2024 | 3.00 Mn |
| Dec 31, 2024 | 3.00 Mn |
| Sep 30, 2024 | -45.00 Mn |
| Sep 30, 2024 | -45.00 Mn |
| Jun 30, 2024 | -81.00 Mn |
| Jun 30, 2024 | -81.00 Mn |
| Mar 31, 2024 | 214.00 Mn |
| Mar 31, 2024 | 214.00 Mn |
| Jun 30, 2023 | -129.00 Mn |
| Jun 30, 2023 | -129.00 Mn |
| Mar 31, 2023 | 87.00 Mn |
| Mar 31, 2023 | 87.00 Mn |
| Dec 31, 2022 | 194.58 Mn |
| Dec 31, 2022 | 194.58 Mn |
| Sep 30, 2022 | -1.50 Bn |
| Sep 30, 2022 | -1.50 Bn |
| Jun 30, 2022 | 713.80 Mn |
| Jun 30, 2022 | 713.80 Mn |
| Mar 31, 2022 | -40.63 Mn |
| Mar 31, 2022 | -40.63 Mn |
| Dec 31, 2021 | 251.27 Mn |
| Dec 31, 2021 | 251.27 Mn |
| Sep 30, 2021 | -134.77 Mn |
| Sep 30, 2021 | -134.77 Mn |
| Jun 30, 2021 | -343.36 Mn |
| Jun 30, 2021 | -343.36 Mn |
| Mar 31, 2021 | 64.31 Mn |
| Mar 31, 2021 | 64.31 Mn |
| Dec 31, 2020 | -303.13 Mn |
| Dec 31, 2020 | -303.13 Mn |
| Sep 30, 2020 | 903.50 Mn |
| Sep 30, 2020 | 903.50 Mn |
| Jun 30, 2020 | 654.26 Mn |
| Jun 30, 2020 | 654.26 Mn |
| Mar 31, 2020 | 249.48 Mn |
| Mar 31, 2020 | 249.48 Mn |
| Dec 31, 2019 | -360.62 Mn |
| Dec 31, 2019 | -360.62 Mn |
| Sep 30, 2019 | 346.14 Mn |
| Sep 30, 2019 | 346.14 Mn |
| Jun 30, 2019 | 192.51 Mn |
| Jun 30, 2019 | 192.51 Mn |
| Mar 31, 2019 | -670,729.87 |
| Mar 31, 2019 | -670,729.87 |
| Dec 31, 2018 | 126.96 Mn |
| Dec 31, 2018 | 126.96 Mn |
| Sep 30, 2018 | 18.43 Mn |
| Sep 30, 2018 | 18.43 Mn |
| Jun 30, 2018 | 18.65 Mn |
| Jun 30, 2018 | 18.65 Mn |
| Mar 31, 2018 | 43.63 Mn |
| Mar 31, 2018 | 43.63 Mn |
| Dec 31, 2017 | 17.04 Mn |
| Dec 31, 2017 | 17.04 Mn |
| Sep 30, 2017 | -64.26 Mn |
| Sep 30, 2017 | -64.26 Mn |
| Jun 30, 2017 | 72.30 Mn |
| Jun 30, 2017 | 72.30 Mn |
| Mar 31, 2017 | 13.05 Mn |
| Mar 31, 2017 | 13.05 Mn |
| Dec 31, 2016 | -77.38 Mn |
| Dec 31, 2016 | -77.38 Mn |
| Jun 30, 2016 | -15.90 Mn |
| Jun 30, 2016 | -15.90 Mn |
| Mar 31, 2016 | -27.29 Mn |
| Mar 31, 2016 | -27.29 Mn |
| Dec 31, 2015 | -4.92 Mn |
| Dec 31, 2015 | -4.92 Mn |
| Sep 30, 2015 | -30.87 Mn |
| Sep 30, 2015 | -30.87 Mn |
| Jun 30, 2015 | 100.39 Mn |
| Jun 30, 2015 | 100.39 Mn |
| Mar 31, 2015 | 5.17 Mn |
| Mar 31, 2015 | 5.17 Mn |
| Dec 31, 2014 | -3.22 Mn |
| Dec 31, 2014 | -3.22 Mn |
| Sep 30, 2014 | -28.62 Mn |
| Sep 30, 2014 | -28.62 Mn |