Shopify (SHOP) Other Working Capital Changes (2014 - 2026)
Shopify's quarterly Other Working Capital Changes came in at $70.0 million in Q1 2026, up 1066.67% year-on-year from $6.0 million in Q1 2025, and up 176.09% quarter-over-quarter from -$92.0 million in Q4 2025.
Shopify has reported Other Working Capital Changes for 12 years, with the latest figure at $70.0 million in Q1 2026.
- For the quarter ending Q1 2026, Other Working Capital Changes rose 1066.67% year-over-year to $70.0 million; the trailing twelve-month figure through Mar 2026 stood at $83.0 million (up 45.61% YoY), and the FY2025 full-year result was $19.0 million, down 73.61% from the prior year.
- Other Working Capital Changes for Q1 2026 stood at $70.0 million, up from -$92.0 million in the prior quarter.
- The five-year high for Other Working Capital Changes was $104.0 million in Q1 2023, with the low at -$92.0 million in Q4 2025.
- Average Other Working Capital Changes over 5 years is $23.6 million, with a median of $21.0 million recorded in 2024.
- Year-over-year, Other Working Capital Changes tumbled 409.88% in 2022 and surged 44818.61% in 2023.
- Tracing SHOP's Other Working Capital Changes over 5 years: stood at $5.9 million in 2022, then soared by 1498.14% to $94.0 million in 2023, then slumped by 171.28% to -$67.0 million in 2024, then tumbled by 37.31% to -$92.0 million in 2025, then jumped by 176.09% to $70.0 million in 2026.
- The last three Other Working Capital Changes figures came in at $70.0 million (Q1 2026), -$92.0 million (Q4 2025), and $70.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -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 |
| Jun 30, 2023 | 94.00 Mn |
| Jun 30, 2023 | 94.00 Mn |
| Mar 31, 2023 | 104.00 Mn |
| Mar 31, 2023 | 104.00 Mn |
| Dec 31, 2022 | 5.88 Mn |
| Dec 31, 2022 | 5.88 Mn |
| Sep 30, 2022 | -4.88 Mn |
| Sep 30, 2022 | -4.88 Mn |
| Jun 30, 2022 | -210,203.30 |
| Jun 30, 2022 | -210,203.30 |
| Mar 31, 2022 | -5.52 Mn |
| Mar 31, 2022 | -5.52 Mn |
| Dec 31, 2021 | 199,127.36 |
| Dec 31, 2021 | 199,127.36 |
| Sep 30, 2021 | -958,057.63 |
| Sep 30, 2021 | -958,057.63 |
| Jun 30, 2021 | -852,576.46 |
| Jun 30, 2021 | -852,576.46 |
| Mar 31, 2021 | 3.90 Mn |
| Mar 31, 2021 | 3.90 Mn |
| Dec 31, 2020 | -1.14 Mn |
| Dec 31, 2020 | -1.14 Mn |
| Sep 30, 2020 | -391,721.16 |
| Sep 30, 2020 | -391,721.16 |
| Jun 30, 2020 | -21,636.12 |
| Jun 30, 2020 | -21,636.12 |
| Mar 31, 2020 | 619,092.51 |
| Mar 31, 2020 | 619,092.51 |
| Dec 31, 2019 | 636,298.62 |
| Dec 31, 2019 | 636,298.62 |
| Sep 30, 2019 | -714,443.59 |
| Sep 30, 2019 | -714,443.59 |
| Jun 30, 2019 | 220,483.40 |
| Jun 30, 2019 | 220,483.40 |
| Mar 31, 2019 | 947,443.54 |
| Mar 31, 2019 | 947,443.54 |
| Dec 31, 2018 | 2.38 Mn |
| Dec 31, 2018 | 2.38 Mn |
| Sep 30, 2018 | 2.12 Mn |
| Sep 30, 2018 | 2.12 Mn |
| Jun 30, 2018 | 829,420.14 |
| Jun 30, 2018 | 829,420.14 |
| Mar 31, 2018 | 1.13 Mn |
| Mar 31, 2018 | 1.13 Mn |
| Dec 31, 2016 | 1.92 Mn |
| Dec 31, 2016 | 1.92 Mn |
| Sep 30, 2016 | 1.87 Mn |
| Sep 30, 2016 | 1.87 Mn |
| Jun 30, 2016 | 2.00 Mn |
| Jun 30, 2016 | 2.00 Mn |
| Mar 31, 2016 | 1.91 Mn |
| Mar 31, 2016 | 1.91 Mn |
| Dec 31, 2015 | 266,000.00 |
| Dec 31, 2015 | 266,000.00 |
| Sep 30, 2015 | 1.46 Mn |
| Sep 30, 2015 | 1.46 Mn |
| Jun 30, 2015 | 1.85 Mn |
| Jun 30, 2015 | 1.85 Mn |
| Mar 31, 2015 | 1.14 Mn |
| Mar 31, 2015 | 1.14 Mn |
| Dec 31, 2014 | 836,000.00 |
| Dec 31, 2014 | 836,000.00 |
| Sep 30, 2014 | 523,000.00 |
| Sep 30, 2014 | 523,000.00 |