Shopify (SHOP) Price to FCF (2024 - 2026)
Shopify's (SHOP) Price to FCF came in at 62.88 for Q2 2026, down 23.7% from 82.39 a year earlier and down 13.8% from the prior quarter.
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Analysis
Shopify (SHOP) Price to FCF (2024 - 2026) Analysis & Trends
For FY2025, Shopify's Price to FCF stood at 104.18, up 21.3% from FY2024.
- In prior years, Shopify's Price to FCF was 85.88 in FY2024 (-22.2%), 110.31 in FY2023 and 357.60 in FY2021 (-1.2%).
- According to Business Quant data, Price to FCF for the three prior quarters was 72.93 (Q1 2026), 104.18 (Q4 2025) and 101.53 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn |
| 10 | Airbnb | 103.26 Bn | 56.49 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.88 |
| Mar 31, 2026 | 72.93 |
| Dec 31, 2025 | 104.18 |
| Sep 30, 2025 | 101.53 |
| Jun 30, 2025 | 82.39 |
| Mar 31, 2025 | 71.58 |
| Dec 31, 2024 | 85.88 |
API Access
Shopify Price to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-fcf&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-fcf&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();