Shopify (SHOP) Free Cash Flow (2024 - 2026)

Shopify has reported Free Cash Flow for 3 years, with the latest figure at $654.0 million in Q2 2026.

• On a quarterly basis, Free Cash Flow rose 54.98% year-over-year to $654.0 million in Q2 2026; TTM through Jun 2026 was $2.4 billion, a 29.44% increase from a year earlier, with the FY2025 full-year figure at $2.0 billion, up 25.67% from the prior year.
• Free Cash Flow was $654.0 million for Q2 2026 at Shopify, up from $476.0 million in the prior quarter.
• The five-year high for Free Cash Flow was $715.0 million in Q4 2025, with the low at $232.0 million in Q1 2024.
• Average Free Cash Flow over 3 years is $473.4 million, with a median of $449.0 million recorded in 2025.
• The largest YoY upside for Free Cash Flow was 56.47% in 2025 against a maximum downside of 17.02% in 2025.
• Over 3 years, Free Cash Flow stood at $611.0 million in 2024, then advanced by 17.02% to $715.0 million in 2025, then slipped by 8.53% to $654.0 million in 2026.
• The last three Free Cash Flow figures came in at $654.0 million (Q2 2026), $476.0 million (Q1 2026), and $715.0 million (Q4 2025), per Business Quant data.