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

Shopify's Free Cash Flow history runs 3 years deep, the most recent figure standing at $476.0 million for Q1 2026.

• On a quarterly basis, Free Cash Flow rose 31.13% year-over-year to $476.0 million in Q1 2026; TTM through Mar 2026 was $2.1 billion, a 22.69% 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 declined to $476.0 million in Q1 2026 per SHOP's latest filing, from $715.0 million in the prior quarter.
• Across five years, Free Cash Flow topped out at $715.0 million in Q4 2025 and bottomed at $232.0 million in Q1 2024.
• The 3-year median for Free Cash Flow is $422.0 million (2025), against an average of $453.3 million.
• Biggest YoY gain for Free Cash Flow was 56.47% in 2025; the steepest drop was 17.02% in 2025.
• Year by year, Free Cash Flow stood at $611.0 million in 2024, then gained by 17.02% to $715.0 million in 2025, then slumped by 33.43% to $476.0 million in 2026.
• Per Business Quant, the three latest SHOP Free Cash Flow figures stand at $476.0 million (Q1 2026), $715.0 million (Q4 2025), and $507.0 million (Q3 2025).