Shopify (SHOP) Other Working Capital Changes (2024 - 2026)
Shopify (SHOP) recorded Other Working Capital Changes of $84 million in Q3 2026, compared with -$70 million a year earlier.
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Analysis
Shopify (SHOP) Other Working Capital Changes (2024 - 2026) Analysis & Trends
On a TTM basis, Shopify's Other Working Capital Changes came in at -$57 million as of Sep 30, 2026; for FY2025, it came in at -$19 million.
- Across earlier years, Other Working Capital Changes came in at -$46 million in FY2024, $10 million in FY2023 (+900.0%), $1 million in FY2022 (-99.6%) and $262.07 million in FY2021 (+356.9%).
- The Q3 2026 figure is the highest quarterly Other Working Capital Changes in data going back to Q1 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 84.00 Mn |
| 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();