Shopify Inc (SHOP) — Cash Flow Quality Index
Latest as of June 2026:
0.44x
Shopify Inc (SHOP) has a Cash Flow Quality Index of 0.44x as of June 2026. Operating cash flow of CA$658.00 Million is below net income of CA$1.50 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore cash flow to debt ratio of Shopify Inc to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.44x
Operating CF / Net Income
Operating Cash Flow
CA$658.00 Million
CAD
Net Income
CA$1.50 Billion
CAD
Data as of
Jun 2026
Most recent filing
Shopify Inc Cash Flow Quality Index (2020–2025)
Historical Cash Flow Quality Index for Shopify Inc across 5 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 (2020–2025)
Year-by-year earnings quality comparison for Shopify Inc.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.65x | CA$2.07 Billion | CA$1.25 Billion | ▲ +106.3% |
| 2024 | 0.80x | CA$1.62 Billion | CA$2.02 Billion | ▼ -88.8% |
| 2023 | 7.15x | CA$944.00 Million | CA$132.00 Million | ▲ +4032.3% |
| 2021 | 0.17x | CA$504.43 Million | CA$2.91 Billion | ▼ -87.0% |
| 2020 | 1.33x | CA$424.96 Million | CA$319.51 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.