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.

• In Q1 2026, Free Cash Flow rose 31.13% year-over-year to $476.0 million; the TTM figure through Mar 2026 stood at $2.1 billion (up 22.69% YoY), while the FY2025 annual figure was $2.0 billion, up 25.67% from the prior year.
• Free Cash Flow was $476.0 million for Q1 2026 at Shopify, down from $715.0 million in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $715.0 million in Q4 2025 to a low of $232.0 million in Q1 2024.
• Historically, Free Cash Flow has averaged $453.3 million across 3 years, with a median of $422.0 million in 2025.
• Biggest YoY gain for Free Cash Flow was 56.47% in 2025; the steepest drop was 17.02% in 2025.
• A 3-year view of Free Cash Flow shows it stood at $611.0 million in 2024, then gained by 17.02% to $715.0 million in 2025, then plunged by 33.43% to $476.0 million in 2026.
• The last three Free Cash Flow figures came in at $476.0 million (Q1 2026), $715.0 million (Q4 2025), and $507.0 million (Q3 2025), per Business Quant data.