FCF Margin
Free cash flow as a percentage of revenue.
Latest FCF Margin: 15.0% (2026Q1); -0.4 pp YoY.
Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Rule of 40
Quarterly FCF Margin Data
| 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% |
Enterprise SaaS Comparison
1 / 3
Other SHOP Charts
More quarter-by-quarter fundamentals for Shopify Inc.
1 / 8