Shopify
$151.39Change from previous close: +1.54%Absolute change: +$2.30
At a glance
- Revenue growth
- +30.14%
- 2025 vs 2024
- Net income growth
- −39.03%
- 2025 vs 2024
- Net margin
- 10.7%
- 2024: 22.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,033 | 1,616 | 944 | -136 | 536 | 425 | 70.6 | 9.3 | 7.9 | 14.0 |
| Depreciation and amortization | 31.0 | 36.0 | 70.0 | 93.0 | 66.3 | 61.0 | 28.2 | 23.2 | 20.5 | 12.6 |
| Capital expenditure | -26.0 | -19.0 | -39.0 | -50.0 | -50.8 | -41.7 | -56.8 | -28.0 | -20.0 | -23.8 |
| Investing cash flow | -1,190 | -1,586 | -1,244 | -719 | -2,379 | -1,932 | -569 | -811 | -527 | -270 |
| Financing cash flow | -811 | 61.0 | 60.0 | 18.0 | 1,650 | 3,557 | 736 | 1,072 | 575 | 229 |
| Debt issued | — | — | — | — | 0.0 | 908 | — | — | — | — |
| Debt repaid | -1,043 | — | — | — | — | — | — | — | — | — |
| Effect of exchange rates | 15.0 | -6.0 | 4.0 | -17.0 | -7.0 | 3.2 | 1.7 | -1.9 | 2.1 | 1.0 |
| Net change in cash | 47.0 | 85.0 | -236 | -854 | -201 | 2,054 | 239 | 269 | 57.7 | -26.1 |
| Free cash flow | 2,007 | 1,597 | 905 | -186 | 485 | — | — | — | — | — |
| Levered free cash flow | 1,286 | 861 | 579 | 232 | 574 | 301 | -55.0 | 0.3 | -9.2 | 0.4 |