What is Shopify's FX effect on cash?

Shopify (SHOP) reported FX effect on cash of -$3M in Q1 2026.

How has Shopify's FX effect on cash changed year-over-year?

Shopify's FX effect on cash decreased by 175.0% year-over-year, from $4M to -$3M.

What is the long-term trend for Shopify's FX effect on cash?

Over 2 years (2022 to 2024), Shopify's FX effect on cash has grown at a -40.6% compound annual growth rate (CAGR), from -$17M to -$6M.

What does FX effect on cash mean?

The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.

Shopify SHOP FX Effect on Cash

FX Effect on Cash at other companies

AdobeADBE

$13M+208%

eBayEBAY

-$12M-163%

SalesforceCRM

$11M-87.9%

Global PaymentsGPN

-$8.73M-114%

EtsyETSY

-$6.63M-146%

BlockXYZ

-$471K-102%

Other financials

Income statement

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Revenue$3.2B+34.3%

Gross profit$1.5B+32.2%

Operating income$382.0M+88.2%

Net income-$581.0M+14.8%

EPS (diluted)-$0.45+15.1%

Balance sheet

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Cash & equivalents$1.8B+41.2%

Total debt$179.0M-84.3%

Total equity$12.5B+13.1%

Total assets$14.1B+5.4%

Cash flow

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Operating cash flow$481.0M+31.1%

CapEx$5.0M+25.0%

Free cash flow$476.0M+31.1%

Valuation

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Market cap$148.17B+5.7%

Enterprise value$146.5B+4.8%

P/E111.2×+51.4×

P/S12×-2.0×

Profitability

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Gross margin48%-2.0pp

Operating margin13.3%+0.6pp

Net margin10.8%-6.4pp

FCF margin17.1%-1.3pp

Returns & leverage

See full

Return on equity11.3%-4.8pp

Debt / equity0×-0.1×

Current ratio6.2×+2.5×

Where this comes from

Reported directly by Shopify in its filing.

Tagged under the XBRL concept us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents.

The official record: Shopify’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shopify's FX effect on cash?: Shopify (SHOP) reported FX effect on cash of -$3M in Q1 2026.
How has Shopify's FX effect on cash changed year-over-year?: Shopify's FX effect on cash decreased by 175.0% year-over-year, from $4M to -$3M.
What is the long-term trend for Shopify's FX effect on cash?: Over 2 years (2022 to 2024), Shopify's FX effect on cash has grown at a -40.6% compound annual growth rate (CAGR), from -$17M to -$6M.
What does FX effect on cash mean?: The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.