Shopify (SHOP) Price to FCF (2024 - 2026)
Shopify (SHOP) posted Price to FCF of 226.13 for Q2 2026, down 30.38% on a QoQ basis from 324.8 in Q1 2026, and down 36.25% year-over-year from 354.73 in Q2 2025.
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Analysis
Shopify (SHOP) Price to FCF (2024 - 2026) Analysis & Trends
Shopify has reported Price to FCF for 3 years, with the latest figure at 226.13 in Q2 2026.
- On a quarterly basis, Price to FCF fell 36.25% year-over-year to 226.13 in Q2 2026; TTM through Jun 2026 was 62.88, a 23.68% decrease from a year earlier, with the FY2025 full-year figure at 104.18, up 21.32% from the prior year.
- Price to FCF was 226.13 for Q2 2026 at Shopify, down from 324.8 in the prior quarter.
- The five-year high for Price to FCF was 428.47 in Q1 2024, with the low at 224.46 in Q4 2024.
- Average Price to FCF over 3 years is 307.45, with a median of 308.62 recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Price to FCF surged 54.98% in 2025, then tumbled 36.25% in 2026.
- Over 3 years, Price to FCF stood at 224.46 in 2024, then soared by 30.28% to 292.44 in 2025, then slipped by 22.67% to 226.13 in 2026.
- The last three Price to FCF figures came in at 226.13 (Q2 2026), 324.8 (Q1 2026), and 292.44 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 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();