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SHOPIFY INC.

EDGAR

SHOP Quarterly report (10-Q) · filed 2026-08-05

Annual consolidated revenue for 2025: about USD 11.56B, using the latest reported figures. The previous period, 2024, was about USD 8.88B.

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Watchlist

Latest quarter

Revenue

3.58 billion USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 3583000000 USD Source

Operating margin

13.62%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 488000000 USD Source
Revenue: 3583000000 USD Source

Operating cash flow

658 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 658000000 USD Source

Free cash flow

654 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 658000000 USD Source
Capital Expenditure: 4000000 USD Source

Cash and cash equivalents: 1.66 billion USD 2026-06-30 Source
Exact value

1656000000 USD
Long-term debt including current maturities: Not available
Shares outstanding: 0 shares 2015-12-31 Source
Exact value

0 shares

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

13.3 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 2844000000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 11556000000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 7884000000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 3170000000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 3583000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

1.93 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: 264000000 USD · 2025-07-01 – 2025-09-30 Source
Net income: 1231000000 USD · 2025-01-01 – 2025-12-31 Source
Net income: 488000000 USD · 2025-01-01 – 2025-09-30 Source
Net income: -581000000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 1502000000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

2.38 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 513000000 USD · 2025-07-01 – 2025-09-30 Source
Operating cash flow: 2033000000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 1308000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 481000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 658000000 USD · 2026-04-01 – 2026-06-30 Source

Capital expenditure

25 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 6000000 USD · 2025-07-01 – 2025-09-30 Source
Capital expenditure: 26000000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 16000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 5000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 4000000 USD · 2026-04-01 – 2026-06-30 Source

Free cash flow

2.35 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 513000000 USD · 2025-07-01 – 2025-09-30 Source
Operating cash flow: 2033000000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 1308000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 481000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 658000000 USD · 2026-04-01 – 2026-06-30 Source
Capital expenditure: 6000000 USD · 2025-07-01 – 2025-09-30 Source
Capital expenditure: 26000000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 16000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 5000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 4000000 USD · 2026-04-01 – 2026-06-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-05.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 7 of 11 periods available· newest 2025-12-31
Operating income: 9 of 11 periods available· newest 2025-12-31
Net income: 9 of 11 periods available· newest 2025-12-31
Operating cash flow: 9 of 11 periods available· newest 2025-12-31
Capital expenditure: 9 of 11 periods available· newest 2025-12-31
Total assets: 6 of 11 periods available· newest 2025-12-31
liabilities: No compatible figures in this window
Current assets: 6 of 11 periods available· newest 2025-12-31
Current liabilities: 6 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+30.1%

Prior period

USD 8.88 billion

2024-01-01 – 2024-12-31
Current period

USD 11.56 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

11556000000 − 8880000000 = 2676000000 USD

8880000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
11556000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Year-over-year change in Revenue: 2676000000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 11556000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1174908 Filing: 000159480526000007 Input fundies:Revenue: 8880000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1175666 Filing: 000159480526000007
The citation records this snapshot. The page link may show a newer release later.
Net income
-39%

Prior period

USD 2.02 billion

2024-01-01 – 2024-12-31
Current period

USD 1.23 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1231000000 − 2019000000 = -788000000 USD

2019000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1231000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Year-over-year change in Net income: -788000000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 1231000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#2367265 Filing: 000159480526000007 Input fundies:NetIncome: 2019000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#2367831 Filing: 000159480526000007
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+25.8%

Prior period

USD 1.62 billion

2024-01-01 – 2024-12-31
Current period

USD 2.03 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

2033000000 − 1616000000 = 417000000 USD

1616000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
2033000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Year-over-year change in Operating cash flow: 417000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 2033000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1356547 Filing: 000159480526000007 Input fundies:OperatingCashFlow: 1616000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1357093 Filing: 000159480526000007
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+36.8%

Prior period

USD 19 million

2024-01-01 – 2024-12-31
Current period

USD 26 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

26000000 − 19000000 = 7000000 USD

19000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
26000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Year-over-year change in Capital expenditure: 7000000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 26000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1359077 Filing: 000159480526000007 Input fundies:CapitalExpenditure: 19000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1359541 Filing: 000159480526000007
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 11.56 billion 100% of revenue
Cost of revenue USD 6 billion 52% of revenue
Operating expenses USD 4.09 billion 35% of revenue
Operating income USD 1.47 billion 13% of revenue
Tax, interest and other Derived USD 237 million 2.1% of revenue
Net income USD 1.23 billion 11% of revenue

Cash

Operating cash flow USD 2.03 billion 18% of revenue
Capital expenditure USD 26 million 0.2% of revenue
Free cash flow Derived USD 2.01 billion 17% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2017 Operating loss: operating costs were 107% of revenue.
2018 Operating loss: operating costs were 109% of revenue.
2019 Operating loss: operating costs were 109% of revenue.
2022 Operating loss: operating costs were 115% of revenue.
2023 Operating loss: operating costs were 120% of revenue.
2024 Net income was higher than operating income, so the split is not drawn.
2025 11%87%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2017 2017-01-01 – 2017-12-31	673304000	722461000 Derived	-49157000	-9162000 Derived	-39995000	-12142000 Derived	Source 2017-01-01 – 2017-12-31: 673304000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: -49157000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: -39995000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 7901000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 20043000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	1073229000	1165149000 Derived	-91920000	-27367000 Derived	-64553000	-18626000 Derived	Source 2018-01-01 – 2018-12-31: 1073229000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: -91920000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: -64553000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 9324000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 27950000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	1578173000	1719320000 Derived	-141147000	-16305000 Derived	-124842000	13856000 Derived	Source 2019-01-01 – 2019-12-31: 1578173000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: -141147000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -124842000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 70615000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 56759000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	5600000000	6422000000 Derived	-822000000	2638000000 Derived	-3460000000	-186000000 Derived	Source 2022-01-01 – 2022-12-31: 5600000000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -822000000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -3460000000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: -136000000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 50000000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	7060000000	8478000000 Derived	-1418000000	-1550000000 Derived	132000000	905000000 Derived	Source 2023-01-01 – 2023-12-31: 7060000000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -1418000000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 132000000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 944000000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 39000000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	8880000000	7805000000 Derived	1075000000	-944000000 Derived	2019000000	1597000000 Derived	Source 2024-01-01 – 2024-12-31: 8880000000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 1075000000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 2019000000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 1616000000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 19000000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	11556000000	10088000000 Derived	1468000000	237000000 Derived	1231000000	2007000000 Derived	Source 2025-01-01 – 2025-12-31: 11556000000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 1468000000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 1231000000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 2033000000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 26000000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 11.6B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20172017-12-31	Revenue	673304000	Revenue: 673304000 Open source
20182018-12-31	Revenue	1073229000	Revenue: 1073229000 Open source
20192019-12-31	Revenue	1578173000	Revenue: 1578173000 Open source
20222022-12-31	Revenue	5600000000	Revenue: 5600000000 Open source
20232023-12-31	Revenue	7060000000	Revenue: 7060000000 Open source
20242024-12-31	Revenue	8880000000	Revenue: 8880000000 Open source
20252025-12-31	Revenue	11556000000	Revenue: 11556000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

30.1% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20172017-12-31	Year over year	No prior comparable period	Revenue: 673304000 Open source
20182018-12-31	Year over year	59.4%	Revenue: 1073229000 Open source Revenue: 673304000 Open source
20192019-12-31	Year over year	47%	Revenue: 1578173000 Open source Revenue: 1073229000 Open source
20222022-12-31	Year over year	No prior comparable period	Revenue: 5600000000 Open source
20232023-12-31	Year over year	26.1%	Revenue: 7060000000 Open source Revenue: 5600000000 Open source
20242024-12-31	Year over year	25.8%	Revenue: 8880000000 Open source Revenue: 7060000000 Open source
20252025-12-31	Year over year	30.1%	Revenue: 11556000000 Open source Revenue: 8880000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 12.7% 2025

Net margin 10.7% 2025

Free cash flow margin 17.4% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20172017-12-31	Operating margin	-7.3%	Operating Income: -49157000 Open source Revenue: 673304000 Open source
20182018-12-31	Operating margin	-8.6%	Operating Income: -91920000 Open source Revenue: 1073229000 Open source
20192019-12-31	Operating margin	-8.9%	Operating Income: -141147000 Open source Revenue: 1578173000 Open source
20222022-12-31	Operating margin	-14.7%	Operating Income: -822000000 Open source Revenue: 5600000000 Open source
20232023-12-31	Operating margin	-20.1%	Operating Income: -1418000000 Open source Revenue: 7060000000 Open source
20242024-12-31	Operating margin	12.1%	Operating Income: 1075000000 Open source Revenue: 8880000000 Open source
20252025-12-31	Operating margin	12.7%	Operating Income: 1468000000 Open source Revenue: 11556000000 Open source
20172017-12-31	Net margin	-5.9%	Net Income: -39995000 Open source Revenue: 673304000 Open source
20182018-12-31	Net margin	-6%	Net Income: -64553000 Open source Revenue: 1073229000 Open source
20192019-12-31	Net margin	-7.9%	Net Income: -124842000 Open source Revenue: 1578173000 Open source
20222022-12-31	Net margin	-61.8%	Net Income: -3460000000 Open source Revenue: 5600000000 Open source
20232023-12-31	Net margin	1.9%	Net Income: 132000000 Open source Revenue: 7060000000 Open source
20242024-12-31	Net margin	22.7%	Net Income: 2019000000 Open source Revenue: 8880000000 Open source
20252025-12-31	Net margin	10.7%	Net Income: 1231000000 Open source Revenue: 11556000000 Open source
20172017-12-31	Free cash flow margin	-1.8%	Revenue: 673304000 Open source Operating Cash Flow: 7901000 Open source Capital Expenditure: 20043000 Open source
20182018-12-31	Free cash flow margin	-1.7%	Revenue: 1073229000 Open source Operating Cash Flow: 9324000 Open source Capital Expenditure: 27950000 Open source
20192019-12-31	Free cash flow margin	0.9%	Revenue: 1578173000 Open source Operating Cash Flow: 70615000 Open source Capital Expenditure: 56759000 Open source
20222022-12-31	Free cash flow margin	-3.3%	Revenue: 5600000000 Open source Operating Cash Flow: -136000000 Open source Capital Expenditure: 50000000 Open source
20232023-12-31	Free cash flow margin	12.8%	Revenue: 7060000000 Open source Operating Cash Flow: 944000000 Open source Capital Expenditure: 39000000 Open source
20242024-12-31	Free cash flow margin	18%	Revenue: 8880000000 Open source Operating Cash Flow: 1616000000 Open source Capital Expenditure: 19000000 Open source
20252025-12-31	Free cash flow margin	17.4%	Revenue: 11556000000 Open source Operating Cash Flow: 2033000000 Open source Capital Expenditure: 26000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 2B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20172017-12-31	Operating cash flow	7901000	Operating Cash Flow: 7901000 Open source
20182018-12-31	Operating cash flow	9324000	Operating Cash Flow: 9324000 Open source
20192019-12-31	Operating cash flow	70615000	Operating Cash Flow: 70615000 Open source
20222022-12-31	Operating cash flow	-136000000	Operating Cash Flow: -136000000 Open source
20232023-12-31	Operating cash flow	944000000	Operating Cash Flow: 944000000 Open source
20242024-12-31	Operating cash flow	1616000000	Operating Cash Flow: 1616000000 Open source
20252025-12-31	Operating cash flow	2033000000	Operating Cash Flow: 2033000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 2B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20172017-12-31	Free cash flow	-12142000	Operating Cash Flow: 7901000 Open source Capital Expenditure: 20043000 Open source
20182018-12-31	Free cash flow	-18626000	Operating Cash Flow: 9324000 Open source Capital Expenditure: 27950000 Open source
20192019-12-31	Free cash flow	13856000	Operating Cash Flow: 70615000 Open source Capital Expenditure: 56759000 Open source
20222022-12-31	Free cash flow	-186000000	Operating Cash Flow: -136000000 Open source Capital Expenditure: 50000000 Open source
20232023-12-31	Free cash flow	905000000	Operating Cash Flow: 944000000 Open source Capital Expenditure: 39000000 Open source
20242024-12-31	Free cash flow	1597000000	Operating Cash Flow: 1616000000 Open source Capital Expenditure: 19000000 Open source
20252025-12-31	Free cash flow	2007000000	Operating Cash Flow: 2033000000 Open source Capital Expenditure: 26000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2017-12-31	Liabilities / assets	Not reported	Total Assets: 1113564000 Open source
2018-12-31	Liabilities / assets	Not reported	Total Assets: 2254785000 Open source
2019-12-31	Liabilities / assets	Not reported	Total Assets: 3489479000 Open source
2022-12-31	Liabilities / assets	Not reported	No source recorded
2023-12-31	Liabilities / assets	Not reported	Total Assets: 11299000000 Open source
2024-12-31	Liabilities / assets	Not reported	Total Assets: 13924000000 Open source
2025-12-31	Liabilities / assets	Not reported	Total Assets: 15189000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

5.96× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20172017-12-31	Current assets / current liabilities	10.82×	Current Assets: 1025677000 Open source Current Liabilities: 94754000 Open source
20182018-12-31	Current assets / current liabilities	15.35×	Current Assets: 2129082000 Open source Current Liabilities: 138688000 Open source
20192019-12-31	Current assets / current liabilities	8.68×	Current Assets: 2744728000 Open source Current Liabilities: 316382000 Open source
2022-12-31	Current assets / current liabilities	Not reported	No source recorded
20232023-12-31	Current assets / current liabilities	6.99×	Current Assets: 6275000000 Open source Current Liabilities: 898000000 Open source
20242024-12-31	Current assets / current liabilities	3.71×	Current Assets: 7254000000 Open source Current Liabilities: 1956000000 Open source
20252025-12-31	Current assets / current liabilities	5.96×	Current Assets: 8296000000 Open source Current Liabilities: 1392000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2015 2015-01-01 – 2015-12-31	−USD 18.79 million Exact value Exact value: -18790000 USD 2015-01-01 – 2015-12-31: -18790000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2015-12-31 SHOPIFY INC. (edgar:1594805) Net Income: -18790000 USD Concept: fundies:NetIncome Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:NetIncome: -18790000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480517000007/shop-20161231.xml#232589 Filing: 000159480517000007 The citation records this snapshot. The page link may show a newer release later.	USD 15.76 million Exact value Exact value: 15756000 USD 2015-01-01 – 2015-12-31: 15756000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2015-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 15756000 USD Concept: fundies:OperatingCashFlow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 15756000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480517000007/shop-20161231.xml#232167 Filing: 000159480517000007 The citation records this snapshot. The page link may show a newer release later.	USD 16.53 million Exact value Exact value: 16525000 USD 2015-01-01 – 2015-12-31: 16525000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2015-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 16525000 USD Concept: fundies:CapitalExpenditure Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 16525000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480517000007/shop-20161231.xml#245965 Filing: 000159480517000007 The citation records this snapshot. The page link may show a newer release later.	−USD 769,000 Calculation and evidence 15756000 − 16525000 USD Exact free cash flow: -769000 USD 2015-01-01 – 2015-12-31: 15756000 USD · Inspect Operating Cash Flow · Source 2015-01-01 – 2015-12-31: 16525000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2015-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: -769000 USD Concept: free-cash-flow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 15756000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480517000007/shop-20161231.xml#232167 Filing: 000159480517000007 Input fundies:CapitalExpenditure: 16525000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480517000007/shop-20161231.xml#245965 Filing: 000159480517000007 The citation records this snapshot. The page link may show a newer release later.
2016 2016-01-01 – 2016-12-31	−USD 35.36 million Exact value Exact value: -35355000 USD 2016-01-01 – 2016-12-31: -35355000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2016-12-31 SHOPIFY INC. (edgar:1594805) Net Income: -35355000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: -35355000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480518000009/shop-20171231.xml#250896 Filing: 000159480518000009 The citation records this snapshot. The page link may show a newer release later.	USD 14.02 million Exact value Exact value: 14017000 USD 2016-01-01 – 2016-12-31: 14017000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2016-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 14017000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 14017000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480518000009/shop-20171231.xml#250475 Filing: 000159480518000009 The citation records this snapshot. The page link may show a newer release later.	USD 23.77 million Exact value Exact value: 23773000 USD 2016-01-01 – 2016-12-31: 23773000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2016-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 23773000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 23773000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480518000009/shop-20171231.xml#267737 Filing: 000159480518000009 The citation records this snapshot. The page link may show a newer release later.	−USD 9.76 million Calculation and evidence 14017000 − 23773000 USD Exact free cash flow: -9756000 USD 2016-01-01 – 2016-12-31: 14017000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 23773000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2016-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: -9756000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 14017000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480518000009/shop-20171231.xml#250475 Filing: 000159480518000009 Input fundies:CapitalExpenditure: 23773000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480518000009/shop-20171231.xml#267737 Filing: 000159480518000009 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	−USD 40 million Exact value Exact value: -39995000 USD 2017-01-01 – 2017-12-31: -39995000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2017-12-31 SHOPIFY INC. (edgar:1594805) Net Income: -39995000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: -39995000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480519000010/shop-20181231.xml#284359 Filing: 000159480519000010 The citation records this snapshot. The page link may show a newer release later.	USD 7.9 million Exact value Exact value: 7901000 USD 2017-01-01 – 2017-12-31: 7901000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2017-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 7901000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 7901000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480519000010/shop-20181231.xml#283939 Filing: 000159480519000010 The citation records this snapshot. The page link may show a newer release later.	USD 20.04 million Exact value Exact value: 20043000 USD 2017-01-01 – 2017-12-31: 20043000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2017-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 20043000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 20043000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480519000010/shop-20181231.xml#300840 Filing: 000159480519000010 The citation records this snapshot. The page link may show a newer release later.	−USD 12.14 million Calculation and evidence 7901000 − 20043000 USD Exact free cash flow: -12142000 USD 2017-01-01 – 2017-12-31: 7901000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 20043000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2017-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: -12142000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 7901000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480519000010/shop-20181231.xml#283939 Filing: 000159480519000010 Input fundies:CapitalExpenditure: 20043000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480519000010/shop-20181231.xml#300840 Filing: 000159480519000010 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	−USD 64.55 million Exact value Exact value: -64553000 USD 2018-01-01 – 2018-12-31: -64553000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2018-12-31 SHOPIFY INC. (edgar:1594805) Net Income: -64553000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: -64553000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#316805 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.	USD 9.32 million Exact value Exact value: 9324000 USD 2018-01-01 – 2018-12-31: 9324000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2018-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 9324000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 9324000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#323199 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.	USD 27.95 million Exact value Exact value: 27950000 USD 2018-01-01 – 2018-12-31: 27950000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2018-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 27950000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 27950000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#324750 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.	−USD 18.63 million Calculation and evidence 9324000 − 27950000 USD Exact free cash flow: -18626000 USD 2018-01-01 – 2018-12-31: 9324000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 27950000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2018-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: -18626000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 9324000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#323199 Filing: 000159480520000010 Input fundies:CapitalExpenditure: 27950000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#324750 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	−USD 124.84 million Exact value Exact value: -124842000 USD 2019-01-01 – 2019-12-31: -124842000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2019-12-31 SHOPIFY INC. (edgar:1594805) Net Income: -124842000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: -124842000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#316606 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.	USD 70.62 million Exact value Exact value: 70615000 USD 2019-01-01 – 2019-12-31: 70615000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2019-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 70615000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 70615000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#322943 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.	USD 56.76 million Exact value Exact value: 56759000 USD 2019-01-01 – 2019-12-31: 56759000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2019-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 56759000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 56759000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#324494 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.	USD 13.86 million Calculation and evidence 70615000 − 56759000 USD Exact free cash flow: 13856000 USD 2019-01-01 – 2019-12-31: 70615000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 56759000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2019-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: 13856000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 70615000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#322943 Filing: 000159480520000010 Input fundies:CapitalExpenditure: 56759000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480520000010/form40-f2019_htm.xml#324494 Filing: 000159480520000010 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 3.46 billion Exact value Exact value: -3460000000 USD 2022-01-01 – 2022-12-31: -3460000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2022-12-31 SHOPIFY INC. (edgar:1594805) Net Income: -3460000000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -3460000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000012/shop-20241231.htm#2412268 Filing: 000159480525000012 The citation records this snapshot. The page link may show a newer release later.	−USD 136 million Exact value Exact value: -136000000 USD 2022-01-01 – 2022-12-31: -136000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2022-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: -136000000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -136000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000012/shop-20241231.htm#1505077 Filing: 000159480525000012 The citation records this snapshot. The page link may show a newer release later.	USD 50 million Exact value Exact value: 50000000 USD 2022-01-01 – 2022-12-31: 50000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2022-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 50000000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 50000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000012/shop-20241231.htm#1507454 Filing: 000159480525000012 The citation records this snapshot. The page link may show a newer release later.	−USD 186 million Calculation and evidence -136000000 − 50000000 USD Exact free cash flow: -186000000 USD 2022-01-01 – 2022-12-31: -136000000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 50000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2022-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: -186000000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -136000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000012/shop-20241231.htm#1505077 Filing: 000159480525000012 Input fundies:CapitalExpenditure: 50000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000012/shop-20241231.htm#1507454 Filing: 000159480525000012 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 132 million Exact value Exact value: 132000000 USD 2023-01-01 – 2023-12-31: 132000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2023-12-31 SHOPIFY INC. (edgar:1594805) Net Income: 132000000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 132000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#2368398 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 944 million Exact value Exact value: 944000000 USD 2023-01-01 – 2023-12-31: 944000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2023-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 944000000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 944000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1357640 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 39 million Exact value Exact value: 39000000 USD 2023-01-01 – 2023-12-31: 39000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2023-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 39000000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 39000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1360006 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 905 million Calculation and evidence 944000000 − 39000000 USD Exact free cash flow: 905000000 USD 2023-01-01 – 2023-12-31: 944000000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 39000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2023-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: 905000000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 944000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1357640 Filing: 000159480526000007 Input fundies:CapitalExpenditure: 39000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1360006 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 2.02 billion Exact value Exact value: 2019000000 USD 2024-01-01 – 2024-12-31: 2019000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2024-12-31 SHOPIFY INC. (edgar:1594805) Net Income: 2019000000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 2019000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#2367831 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 1.62 billion Exact value Exact value: 1616000000 USD 2024-01-01 – 2024-12-31: 1616000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2024-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 1616000000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1616000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1357093 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 19 million Exact value Exact value: 19000000 USD 2024-01-01 – 2024-12-31: 19000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2024-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 19000000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 19000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1359541 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 1.6 billion Calculation and evidence 1616000000 − 19000000 USD Exact free cash flow: 1597000000 USD 2024-01-01 – 2024-12-31: 1616000000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 19000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2024-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: 1597000000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1616000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1357093 Filing: 000159480526000007 Input fundies:CapitalExpenditure: 19000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1359541 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 1.23 billion Exact value Exact value: 1231000000 USD 2025-01-01 – 2025-12-31: 1231000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Net Income: 1231000000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1231000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#2367265 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 2.03 billion Exact value Exact value: 2033000000 USD 2025-01-01 – 2025-12-31: 2033000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Operating Cash Flow: 2033000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2033000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1356547 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 26 million Exact value Exact value: 26000000 USD 2025-01-01 – 2025-12-31: 26000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Capital Expenditure: 26000000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 26000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1359077 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.	USD 2.01 billion Calculation and evidence 2033000000 − 26000000 USD Exact free cash flow: 2007000000 USD 2025-01-01 – 2025-12-31: 2033000000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 26000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SHOPIFY INC. · 2025-12-31 SHOPIFY INC. (edgar:1594805) Free cash flow: 2007000000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1594805?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2033000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1356547 Filing: 000159480526000007 Input fundies:CapitalExpenditure: 26000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1594805/000159480526000007/shop-20251231.htm#1359077 Filing: 000159480526000007 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

198 filings · 1,011 latest values · 1,011 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001594805, 1594805, SHOP, edgar:1594805

Also known as SHOPIFY INC., Shopify Inc.

SHOPIFY INC.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation