SHOP (Shopify) Beginning Cash Position: $1,545 Mil (As of Mar. 2026)


SHOP Shopify Inc SHOP
85 GF Score
Price $122.54
GF Value $143.96
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Shopify Beginning Cash Position?

Shopify SHOP -0.51% 85 Beginning Cash Position is $1,545 Mil as of Mar. 2026. GuruFocus rates SHOP with a GF Score™ of 85/100 and a GF Value™ of $143.96 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Shopify's Beginning Cash Position for the quarter that ended in Mar. 2026 was $1,545 Mil.

Shopify's quarterly Beginning Cash Position increased from Sep. 2025 ($1,542 Mil) to Dec. 2025 ($2,414 Mil) but then declined from Dec. 2025 ($2,414 Mil) to Mar. 2026 ($1,545 Mil).

Shopify's annual Beginning Cash Position declined from Dec. 2023 ($1,649 Mil) to Dec. 2024 ($1,413 Mil) but then increased from Dec. 2024 ($1,413 Mil) to Dec. 2025 ($1,498 Mil).

Shopify Beginning Cash Position Related Terms

Shopify Beginning Cash Position Historical Data

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The historical data trend for Shopify's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shopify Beginning Cash Position Chart

Shopify Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,703.60 2,503.00 1,649.00 1,413.00 1,498.00

Shopify Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,498.00 1,309.00 1,542.00 2,414.00 1,545.00
SHOP
85GF Score
Shopify Inc SHOP
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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Shopify Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of $1,545 Mil mean?
Shopify (SHOP) has a Beginning Cash Position of $1,545 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Shopify and its competitors.
Is Shopify's Beginning Cash Position too high?
Shopify's current Beginning Cash Position is $1,545 Mil. Overall, Shopify has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shopify's Beginning Cash Position compare to UBER and CRM?
Shopify's Beginning Cash Position of $1,545 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Software company?
A good Beginning Cash Position depends on the Software industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Shopify and its competitors. Shopify's current Beginning Cash Position is $1,545 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shopify stock overvalued right now?
Based on GuruFocus' analysis, Shopify (SHOP) is currently considered Modestly Undervalued. The stock's GF Value™ is $143.96, compared to a current price of $122.54 — trading 14.9% below its estimated fair value. The current Beginning Cash Position is $1,545 Mil. Shopify's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Shopify (SHOP), the current Beginning Cash Position is $1,545 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shopify (SHOP) Overvalued in 2026?

Based on GuruFocus' analysis, Shopify stock appears to be undervalued. The current stock price of $122.54 is trading 14.9% below its estimated GF Value™ of $143.96. GuruFocus considers Shopify to be Modestly Undervalued.

Key valuation signals for SHOP:

  • Beginning Cash Position: $1,545 Mil
  • GF Value™: $143.96 vs. price of $122.54 (14.9% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the SHOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shopify Business Description

Address 151 O\'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P 2L8
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
85GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$122.54
Price
$143.96
GF Value