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

Shopify has reported EV to FCF for 3 years, with the latest figure at 218.56 in Q2 2026.

• On a quarterly basis, EV to FCF fell 35.89% year-over-year to 218.56 in Q2 2026; TTM through Jun 2026 was 60.77, a 23.25% decrease from a year earlier, with the FY2025 full-year figure at 101.3, up 22.87% from the prior year.
• EV to FCF was 218.56 for Q2 2026 at Shopify, down from 312.73 in the prior quarter.
• The five-year high for EV to FCF was 428.47 in Q1 2024, with the low at 215.49 in Q4 2024.
• Average EV to FCF over 3 years is 299.64, with a median of 298.55 recorded in 2026.
• The sharpest annual moves came in 2025 and 2026: EV to FCF soared 49.88% in 2025, then sank 35.89% in 2026.
• Over 3 years, EV to FCF stood at 215.49 in 2024, then jumped by 31.96% to 284.36 in 2025, then slipped by 23.14% to 218.56 in 2026.
• The last three EV to FCF figures came in at 218.56 (Q2 2026), 312.73 (Q1 2026), and 284.36 (Q4 2025), per Business Quant data.