Shopify Inc (SHOP) — Cash Flow Quality Index
Latest as of September 2025:
1.94x
Shopify Inc (SHOP) has a Cash Flow Quality Index of 1.94x as of September 2025. Operating cash flow of $513.00 Million exceeds net income of $264.00 Million, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Shopify Inc to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.94x
Operating CF / Net Income
Operating Cash Flow
$513.00 Million
USD
Net Income
$264.00 Million
USD
Data as of
Sep 2025
Most recent filing
Shopify Inc Cash Flow Quality Index (2020–2024)
Historical Cash Flow Quality Index for Shopify Inc across 4 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of Shopify Inc.
Annual Cash Flow Quality Index for Shopify Inc (2020–2024)
Year-by-year earnings quality comparison for Shopify Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 0.80x | $1.62 Billion | $2.02 Billion | ▼ -88.8% |
| 2023 | 7.15x | $944.00 Million | $132.00 Million | ▲ +3790.9% |
| 2021 | 0.18x | $535.71 Million | $2.91 Billion | ▼ -86.2% |
| 2020 | 1.33x | $424.96 Million | $319.51 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.