SHOP FCF Margin
Free cash flow as a percentage of revenue, showing how much of each sales dollar becomes cash.
FCF Margin
Latest: 18.3% (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | 5.7% |
| 2023Q2 | 5.7% |
| 2023Q3 | 16.1% |
| 2023Q4 | 20.8% |
| 2024Q1 | 12.5% |
| 2024Q2 | 16.3% |
| 2024Q3 | 19.5% |
| 2024Q4 | 21.7% |
| 2025Q1 | 15.4% |
| 2025Q2 | 15.7% |
| 2025Q3 | 17.8% |
| 2025Q4 | 19.5% |
| 2026Q1 | 15.0% |
| 2026Q2 | 18.3% |
Other SHOP Charts
More quarter-by-quarter fundamentals for Shopify Inc.
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Revenue
EPS
Free Cash Flow
Gross Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Rule of 40
Enterprise SaaS Comparison
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Latest FCF Margin: 18.3% (2026Q2); +2.5 pp YoY.
Across the 14 quarters from 2023Q1 to 2026Q2, FCF Margin ranged from 5.7% in 2023Q1 to 21.7% in 2024Q4.