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.
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 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 |
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 | -92.00 Mn |
| Dec 31, 2025 | -92.00 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 | -113.00 Mn |
| Dec 31, 2024 | -113.00 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 |