Shopify (SHOP) EV to CFO (2024 - 2026)

Shopify has reported EV to CFO for 3 years, with the latest figure at 217.24 in Q2 2026.

• On a quarterly basis, EV to CFO fell 35.38% year-over-year to 217.24 in Q2 2026; TTM through Jun 2026 was 60.14, a 23.39% decrease from a year earlier, with the FY2025 full-year figure at 100.01, up 22.74% from the prior year.
• EV to CFO was 217.24 for Q2 2026 at Shopify, down from 309.48 in the prior quarter.
• The five-year high for EV to CFO was 417.67 in Q1 2024, with the low at 214.09 in Q4 2024.
• Average EV to CFO over 3 years is 295.66, with a median of 294.96 recorded in 2025.
• The sharpest annual moves came in 2025 and 2026: EV to CFO soared 48.83% in 2025, then tumbled 35.38% in 2026.
• Over 3 years, EV to CFO stood at 214.09 in 2024, then surged by 30.99% to 280.43 in 2025, then decreased by 22.54% to 217.24 in 2026.
• The last three EV to CFO figures came in at 217.24 (Q2 2026), 309.48 (Q1 2026), and 280.43 (Q4 2025), per Business Quant data.