Shopify (SHOP) Free Cash Flow (2024 - 2026)
Shopify (SHOP) posted quarterly Free Cash Flow of $476.0 million for Q1 2026, up 31.13% year-over-year from $363.0 million in Q1 2025, and down 33.43% quarter-over-quarter from $715.0 million in Q4 2025.
Shopify (SHOP) Free Cash Flow (2024 - 2026) Analysis & Trends
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 for Q1 2026 stood at $476.0 million, down from $715.0 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.
- The 3-year median for Free Cash Flow is $422.0 million (2025), against an average of $453.3 million.
- Peak annual rise in Free Cash Flow reached 56.47% in 2025, while the deepest fall reached 17.02% in 2025.
- Shopify's Free Cash Flow stood at $611.0 million in 2024, then rose by 17.02% to $715.0 million in 2025, then tumbled by 33.43% to $476.0 million in 2026.
- Business Quant data shows SHOP's Free Cash Flow at $476.0 million in Q1 2026, $715.0 million in Q4 2025, and $507.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 8.16 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 654.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 2.79 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 473.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 232.77 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 1.36 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 2.11 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 5.24 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 288.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 654.00 Mn |
| Jun 30, 2026 | 654.00 Mn |
| Mar 31, 2026 | 476.00 Mn |
| Mar 31, 2026 | 476.00 Mn |
| Dec 31, 2025 | 715.00 Mn |
| Dec 31, 2025 | 715.00 Mn |
| Sep 30, 2025 | 507.00 Mn |
| Sep 30, 2025 | 507.00 Mn |
| Jun 30, 2025 | 422.00 Mn |
| Jun 30, 2025 | 422.00 Mn |
| Mar 31, 2025 | 363.00 Mn |
| Mar 31, 2025 | 363.00 Mn |
| Dec 31, 2024 | 611.00 Mn |
| Dec 31, 2024 | 611.00 Mn |
| Sep 30, 2024 | 421.00 Mn |
| Sep 30, 2024 | 421.00 Mn |
| Jun 30, 2024 | 333.00 Mn |
| Jun 30, 2024 | 333.00 Mn |
| Mar 31, 2024 | 232.00 Mn |
| Mar 31, 2024 | 232.00 Mn |