Shopify Inc (SHOP) — Cash Flow Reinvestment Rate

Latest as of March 2026: 1.32x

Shopify Inc (SHOP) has a Cash Flow Reinvestment Rate of 1.32x as of March 2026, reinvesting CA$624.92 Million (capex CA$4.92 Million plus investments CA$620.00 Million) from operating cash flow of CA$473.12 Million. Check Shopify Inc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

1.32x
(Capex + Investments) / Operating CF

Total Reinvested

CA$624.92 Million
Capex + Investments

Operating Cash Flow

CA$473.12 Million
CAD

Capital Expenditures

CA$4.92 Million
CAD

Shopify Inc Cash Flow Reinvestment Rate (2012–2025)

Historical reinvestment intensity for Shopify Inc across 12 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 (2012–2025)

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 (CAD) Operating CF Capex YoY Change
2025 0.25x CA$514.46 Million CA$2.07 Billion CA$26.46 Million ▼ -75.0%
2024 0.99x CA$1.60 Billion CA$1.62 Billion CA$19.00 Million ▼ -26.9%
2023 1.36x CA$1.28 Billion CA$944.00 Million CA$39.00 Million ▼ -70.0%
2021 4.54x CA$2.29 Billion CA$504.43 Million CA$50.79 Million ▼ -2.3%
2020 4.64x CA$1.97 Billion CA$424.96 Million CA$41.99 Million ▼ -48.1%
2019 8.95x CA$631.87 Million CA$70.61 Million CA$62.40 Million ▼ -90.2%
2018 91.40x CA$852.18 Million CA$9.32 Million CA$41.55 Million ▲ +31.0%
2017 69.79x CA$551.43 Million CA$7.90 Million CA$24.26 Million ▲ +230.6%
2016 21.11x CA$295.92 Million CA$14.02 Million CA$26.24 Million ▲ +296.7%
2015 5.32x CA$83.84 Million CA$15.76 Million CA$21.04 Million ▼ -66.6%
2013 15.95x CA$22.26 Million CA$1.40 Million CA$4.50 Million ▲ +1514.3%
2012 0.99x CA$2.02 Million CA$2.04 Million CA$2.02 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow