Shopify Inc (SHOP) — Cash Flow Reinvestment Rate

Latest as of September 2025: 0.66x

Shopify Inc (SHOP) has a Cash Flow Reinvestment Rate of 0.66x as of September 2025, reinvesting $341.00 Million (capex $6.00 Million plus investments $335.00 Million) from operating cash flow of $513.00 Million. Check Shopify Inc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.66x
(Capex + Investments) / Operating CF

Total Reinvested

$341.00 Million
Capex + Investments

Operating Cash Flow

$513.00 Million
USD

Capital Expenditures

$6.00 Million
USD

Shopify Inc Cash Flow Reinvestment Rate (2012–2024)

Historical reinvestment intensity for Shopify Inc across 11 annual periods. Explore Shopify Inc (SHOP) investment intensity to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Shopify Inc (2012–2024)

Year-by-year capital reinvestment analysis for Shopify Inc. For live market cap and broader valuation context, see how much is Shopify Inc worth.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2024 0.99x $1.60 Billion $1.62 Billion $19.00 Million ▼ -26.9%
2023 1.36x $1.28 Billion $944.00 Million $39.00 Million ▼ -68.2%
2021 4.27x $2.29 Billion $535.71 Million $50.79 Million ▼ -8.0%
2020 4.64x $1.97 Billion $424.96 Million $41.99 Million ▼ -48.1%
2019 8.95x $631.87 Million $70.61 Million $62.40 Million ▼ -90.2%
2018 91.40x $852.18 Million $9.32 Million $41.55 Million ▲ +31.0%
2017 69.79x $551.43 Million $7.90 Million $24.26 Million ▲ +230.6%
2016 21.11x $295.92 Million $14.02 Million $26.24 Million ▲ +296.7%
2015 5.32x $83.84 Million $15.76 Million $21.04 Million ▼ -66.6%
2013 15.95x $22.26 Million $1.40 Million $4.50 Million ▲ +1514.3%
2012 0.99x $2.02 Million $2.04 Million $2.02 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow