Shopify (SHOP) Price to FCF (2024 - 2026)
Shopify's (SHOP) Price to FCF came in at 71.72 for Q3 2026, down 29.4% from 101.53 a year earlier but up 14.1% 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%).
- Quarterly Price to FCF has run from a low of 62.88 in Q2 2026 to a high of 104.18 in Q4 2025 over five years.
- On a year-over-year basis, Price to FCF increased in two of the last four quarters, with an average decline of 7.5%.
- According to Business Quant data, Price to FCF for the three prior quarters was 62.88 (Q2 2026), 72.93 (Q1 2026) and 104.18 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 71.72 |
| 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();