Shopify Change To Operating Activities from 2010 to 2026

Stocks . USA . 
Stock . Shopify
SHOP Stock  USD 122.96  -3.21  -2.54%   
Change To Operating Activities is evolving in a losing momentum direction across reporting periods. Estimates place it near approximately -283.5 M for the current fiscal year. The regression slope computed for Shopify Change To Operating Activities from 2010 to 2026 measured a significance of 0.0001 . and mean deviation of 150,679,442 . View All Fundamentals
 
Change To Operating Activities  
 First Reported
2013-12-31
 Previous Quarter
-27 M
 Current Value
-27 M
 Quarterly Volatility
104.5 M
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Financial statement trends for Shopify provide structured context on operating performance and capital structure. The series highlights drivers like Depreciation And Amortization of 37.8 M, Interest Expense of 1.3 M or Selling General Administrative of 244.2 M and ratios such as Price To Sales Ratio of 23.08, Dividend Yield of 0.0 or PTB Ratio of 9.8, complementing Shopify Valuation and Volatility.
  
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Evaluating Shopify's Change To Operating Activities across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Shopify's fundamental strength.

Latest Shopify's Change To Operating Activities Growth Pattern

Below is the plot of the Change To Operating Activities of Shopify over the last few years. It is Shopify's Change To Operating Activities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Shopify's overall financial position and show how it may be relating to other accounts over time.
Change To Operating Activities10 Years Trend
Slightly volatile
Compare to OthersAll Fundamentals
   Change To Operating Activities   
       Timeline  

Shopify Change To Operating Activities Regression Statistics

Arithmetic Mean-146,718,626
Geometric Mean 23,950,877
Coefficient Of Variation-121.14
Mean Deviation 150,679,442
Median-53,096,000
Standard Deviation 177,737,379
Sample Variance31590.6T
Range588.2M
R-Value-0.79
Mean Square Error12442.8T
R-Squared 0.63
Significance 0.0001
Slope-27,953,353
Total Sum of Squares505449.2T

Shopify Change To Operating Activities History

2026-283.5 M
2025-298.4 M
2022-331.5 M
2021-581.4 M
2020-150 M
2019-85.2 M
2018-53.1 M

Stock Overview, Methodology & Data Sources

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada. Shopify operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 10000 people. This stock section frames Shopify within its peer set and highlights how fundamentals align with price behavior. Current metrics include P/E of 282.85, P/B of 11.9, profit margin of 10.65%. Shopify has a market cap of 160.47 B, P/E of 282.85, ROE of 9.84%.

Methodology

Unless otherwise specified, financial data for Shopify is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. Shopify (USA Stocks:SHOP) prices are typically delayed by approximately 20 minutes from primary exchanges for listed equities. Data may be delayed depending on reporting sources and market conventions. Assumptions: We primarily rely on public filings and market reference sources, including disclosures published by U.S. Securities and Exchange Commission (SEC) via EDGAR. Data is normalized for analytical consistency across reporting formats. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.

Analyst Sources

Shopify is covered by 51 analysts. 25 analysts have submitted revenue and/or earnings estimates that may be incorporated into Macroaxis consensus inputs where available. Representative analyst firms may include Morgan Stanley, Goldman Sachs, Citigroup, Raymond James, Deutsche Bank, Evercore ISI, Guggenheim Securities, UBS Investment Research, BMO Capital Markets, Wells Fargo Securities, Jefferies, Bernstein Research, among others. Updates may occur throughout the day.

This content is curated and reviewed by:

Michael Smolkin - Member of Macroaxis Board of Directors

Pair Trading with Shopify

Pair trading with Shopify can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.

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Sophisticated investors use correlation analysis to build Shopify replacement strategies that go beyond simple sector matching. Assets with similar factor exposures to Shopify provide the most accurate portfolio substitution during tax-loss harvesting periods.
Statistical correlation between Shopify and its peers is an essential input for mean-variance portfolio optimization. Lower correlation of Shopify with other holdings allows for a more efficient frontier with superior risk-adjusted returns.
Correlation analysis and pair evaluation for Shopify can support hedging context. This approach is commonly reviewed within sectors and across broader groups.
Pair CorrelationCorrelation Matching

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