Cash & Equivalents
Shopify Cash & Equivalents decreased by 36.0% to $1.55B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from $1.50B to $1.55B. Over 2 years (FY 2023 to FY 2025), Cash & Equivalents shows relatively stable performance with a 4.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical Data
| Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $1.41B | $1.62B | $1.54B | $1.51B | $1.50B | $1.31B | $1.54B | $2.41B | $1.55B |
| QoQ Change | — | +14.9% | -5.1% | -2.2% | -0.6% | -12.6% | +17.8% | +56.5% | -36.0% |
| YoY Change | — | — | — | — | +6.0% | -19.3% | +0.1% | +60.2% | +3.1% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Shopify's cash & equivalents?
- Shopify (SHOP) reported cash & equivalents of $1.55B in Q4 2025.
- How has Shopify's cash & equivalents changed year-over-year?
- Shopify's cash & equivalents increased by 3.1% year-over-year, from $1.50B to $1.55B.
- What is the long-term trend for Shopify's cash & equivalents?
- Over 2 years (2023 to 2025), Shopify's cash & equivalents has grown at a 4.6% compound annual growth rate (CAGR), from $1.41B to $1.55B.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.