Shopify Inc (SHOP) — Cash Flow Reinvestment Rate

Latest as of June 2026: 1.22x

Shopify Inc (SHOP) has a Cash Flow Reinvestment Rate of 1.22x as of June 2026, reinvesting CA$800.00 Million (capex CA$4.00 Million plus investments CA$796.00 Million) from operating cash flow of CA$658.00 Million. See Shopify Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

1.22x
(Capex + Investments) / Operating CF

Total Reinvested

CA$800.00 Million
Capex + Investments

Operating Cash Flow

CA$658.00 Million
CAD

Capital Expenditures

CA$4.00 Million
CAD

Shopify Inc Cash Flow Reinvestment Rate (2012–2025)

Historical reinvestment intensity for Shopify Inc across 12 annual periods. For the full cash flow conversion analysis, see SHOP cash flow metrics.

Annual Cash Flow Reinvestment Rate for Shopify Inc (2012–2025)

Year-by-year capital reinvestment analysis for Shopify Inc. See Shopify Inc financial flexibility index to measure the company's free cash flow as a share of total liabilities.

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