Growth Metrics

Shopify (SHOP) FCF Margin (2024 - 2025)

Shopify has reported FCF Margin over the past 2 years, most recently at 19.47% for Q4 2025.

  • Quarterly results put FCF Margin at 19.47% for Q4 2025, down 226.0% from a year ago — trailing twelve months through Dec 2025 was 17.37% (down 62.0% YoY), and the annual figure for FY2025 was 17.37%, down 62.0%.
  • FCF Margin for Q4 2025 was 19.47% at Shopify, up from 17.83% in the prior quarter.
  • Over the last five years, FCF Margin for SHOP hit a ceiling of 21.73% in Q4 2024 and a floor of 12.47% in Q1 2024.