Shopify (SHOP) Net Cash Flow (2024 - 2026)
Shopify (SHOP) posted Net Cash Flow of -$188.0 million for Q2 2026, down 161.44% on a QoQ basis from $306.0 million in Q1 2026, and down 185.45% year-over-year from $220.0 million in Q2 2025.
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Analysis
Shopify (SHOP) Net Cash Flow (2024 - 2026) Analysis & Trends
Shopify has reported Net Cash Flow for 3 years, with the latest figure at -$188.0 million in Q2 2026.
- On a quarterly basis, Net Cash Flow fell 185.45% year-over-year to -$188.0 million in Q2 2026; TTM through Jun 2026 was $123.0 million, a 920.0% increase from a year earlier, with the FY2025 full-year figure at $32.0 million, down 64.84% from the prior year.
- Net Cash Flow was -$188.0 million for Q2 2026 at Shopify, down from $306.0 million in the prior quarter.
- The five-year high for Net Cash Flow was $872.0 million in Q3 2025, with the low at -$867.0 million in Q4 2025.
- Average Net Cash Flow over 3 years is $24.1 million, with a median of -$21.0 million recorded in 2024.
- The largest YoY upside for Net Cash Flow was 2037.78% in 2025 against a maximum downside of 29000.0% in 2025.
- Over 3 years, Net Cash Flow stood at $3.0 million in 2024, then plunged by 29000.0% to -$867.0 million in 2025, then soared by 78.32% to -$188.0 million in 2026.
- The last three Net Cash Flow figures came in at -$188.0 million (Q2 2026), $306.0 million (Q1 2026), and -$867.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn | 17.88 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | -1.82 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | -3.14 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 1.98 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | -188.00 Mn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | -987.00 Mn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 1.44 Bn |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | 836.52 Mn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | 767.16 Mn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 296.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -188.00 Mn |
| Mar 31, 2026 | 306.00 Mn |
| Dec 31, 2025 | -867.00 Mn |
| Sep 30, 2025 | 872.00 Mn |
| Jun 30, 2025 | 220.00 Mn |
| Mar 31, 2025 | -193.00 Mn |
| Dec 31, 2024 | 3.00 Mn |
| Sep 30, 2024 | -45.00 Mn |
| Jun 30, 2024 | -81.00 Mn |
| Mar 31, 2024 | 214.00 Mn |
API Access
Shopify Net Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-cash-flow&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-cash-flow&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();