Shopify (SHOP) Other Working Capital Changes (2024 - 2026)
Shopify's Other Working Capital Changes came in at $1 million for Q2 2026, down 97.1% from $35 million a year earlier and down 98.6% from the prior quarter.
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Analysis
Shopify (SHOP) Other Working Capital Changes (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Shopify reported Other Working Capital Changes of $68 million, up 240.0% year-over-year; for FY2025, it was $38 million, down 47.2% from FY2024.
- Other Working Capital Changes carries a five-year compound annual growth rate of -11.5% (FY2020 to FY2025).
- Going back by year, Other Working Capital Changes was $72 million in FY2024 (+20.0%), $60 million in FY2023 (+87.5%), $32 million in FY2022 (-89.7%) and $309.29 million in FY2021 (+342.0%).
- The five-year range for quarterly Other Working Capital Changes is -$73 million (Q4 2025) to $72 million (Q2 2024).
- Year-over-year, Other Working Capital Changes increased in 1 of the last four quarters, with an average decline of 41.9%.
- Business Quant data shows SHOP's Other Working Capital Changes at $70 million (Q1 2026), -$73 million (Q4 2025) and $70 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.00 Mn |
| Mar 31, 2026 | -70.00 Mn |
| Sep 30, 2025 | -70.00 Mn |
| Jun 30, 2025 | -35.00 Mn |
| Mar 31, 2025 | -6.00 Mn |
| Sep 30, 2024 | -46.00 Mn |
| Jun 30, 2024 | -72.00 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();