Shopify (SHOP) Other Working Capital Changes (2024 - 2026)
Shopify (SHOP) posted Other Working Capital Changes of $1.0 million for Q2 2026, down 98.57% on a QoQ basis from $70.0 million in Q1 2026, and down 97.14% year-over-year from $35.0 million in Q2 2025.
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Analysis
Shopify (SHOP) Other Working Capital Changes (2024 - 2026) Analysis & Trends
Shopify has reported Other Working Capital Changes for 3 years, with the latest figure at $1.0 million in Q2 2026.
- On a quarterly basis, Other Working Capital Changes fell 97.14% year-over-year to $1.0 million in Q2 2026; TTM through Jun 2026 was $49.0 million, a 288.46% increase from a year earlier, with the FY2025 full-year figure at $19.0 million, down 26.92% from the prior year.
- Other Working Capital Changes was $1.0 million for Q2 2026 at Shopify, down from $70.0 million in the prior quarter.
- The five-year high for Other Working Capital Changes was $72.0 million in Q2 2024, with the low at -$113.0 million in Q4 2024.
- Average Other Working Capital Changes over 3 years is $11.6 million, with a median of $28.0 million recorded in 2024.
- The largest YoY upside for Other Working Capital Changes was 1066.67% in 2026 against a maximum downside of 97.14% in 2026.
- Over 3 years, Other Working Capital Changes stood at -$113.0 million in 2024, then rose by 18.58% to -$92.0 million in 2025, then surged by 101.09% to $1.0 million in 2026.
- The last three Other Working Capital Changes figures came in at $1.0 million (Q2 2026), $70.0 million (Q1 2026), and -$92.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.00 Mn |
| Jun 30, 2026 | 1.00 Mn |
| Mar 31, 2026 | 70.00 Mn |
| Mar 31, 2026 | 70.00 Mn |
| Dec 31, 2025 | -73.00 Mn |
| Dec 31, 2025 | -73.00 Mn |
| Sep 30, 2025 | 70.00 Mn |
| Sep 30, 2025 | 70.00 Mn |
| Jun 30, 2025 | 35.00 Mn |
| Jun 30, 2025 | 35.00 Mn |
| Mar 31, 2025 | 6.00 Mn |
| Mar 31, 2025 | 6.00 Mn |
| Dec 31, 2024 | -67.00 Mn |
| Dec 31, 2024 | -67.00 Mn |
| Sep 30, 2024 | 46.00 Mn |
| Sep 30, 2024 | 46.00 Mn |
| Jun 30, 2024 | 72.00 Mn |
| Jun 30, 2024 | 72.00 Mn |
| Mar 31, 2024 | 21.00 Mn |
| Mar 31, 2024 | 21.00 Mn |
API Access
Shopify Other Working Capital Changes 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=other-working-capital-changes&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();