Shopify Cash Flow Statement
NASDAQ: SHOPTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 173.99 +1.84%
Shopify free cash flow
In fiscal 2025, Shopify generated $2.03 billion of operating cash flow and spent $26.0 million on capital expenditures. That left free cash flow of $2.01 billion, a free-cash-flow margin of 17.4% of revenue. Free cash flow was up 25.7% from the prior year's $1.60 billion.
Summary generated from market data by MetaCap's automated system. Methodology
Shopify cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20222023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.23B | 2.02B | 132.00M | -3.46B | 2.91B | 319.51M | -124.84M | -64.55M | -39.99M | -35.35M |
| Net Income growth (YoY) | -39.03% | +1429.55% | — | -218.71% | +812.23% | — | — | — | — | — |
| Depreciation & Amortization | 31.00M | 36.00M | 70.00M | 93.00M | 66.31M | 70.06M | 35.65M | 27.05M | 23.38M | 13.97M |
| Stock-Based Compensation | 449.00M | 430.00M | 615.00M | 549.00M | 330.76M | 246.94M | 158.46M | 95.72M | 49.16M | 23.10M |
| Change in Working Capital | 24.00M | -84.00M | -19.00M | -76.00M | 375.16M | 159.41M | 38.65M | -2.99M | 13.35M | 25.16M |
| Operating Cash Flow | 2.03B | 1.62B | 944.00M | -136.00M | 535.71M | 424.96M | 70.61M | 9.32M | 7.90M | 14.02M |
| Capital Expenditures | -26.00M | -19.00M | -39.00M | -50.00M | -50.79M | -41.73M | -56.76M | -27.95M | -20.04M | -23.77M |
| Investing Cash Flow | -1.19B | -1.59B | -1.24B | -719.00M | -2.38B | -1.93B | -569.48M | -810.63M | -527.17M | -269.69M |
| Financing Cash Flow | -811.00M | 61.00M | 60.00M | 18.00M | 1.65B | 3.56B | 736.35M | 1.07B | 574.83M | 228.59M |
| Net Change in Cash | 47.00M | 85.00M | -236.00M | -854.00M | -200.60M | 2.05B | 239.23M | 269.01M | 57.66M | -26.06M |
| Free Cash Flow | 2.01B | 1.60B | 905.00M | -186.00M | 484.92M | 383.23M | 13.86M | -18.63M | -12.14M | -9.76M |
This table shows 10 annual periods of Shopify's cash flow statement, from FY 2025 back to FY 2016, across 10 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow SHOP's reporting calendar. What is a cash flow statement?