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Free Cash Flow

Cash generated after capital expenditures.

Latest Free Cash Flow: $476M (2026Q1); +31.1% YoY; +76.9% CAGR (3y).

Revenue EPS Free Cash Flow Gross Margin FCF Margin P/E Ratio Cumulative FCF Shares Outstanding Rule of 40

Quarterly Free Cash Flow Data

Period Value
2023Q1 $86M
2023Q2 $97M
2023Q3 $276M
2023Q4 $446M
2024Q1 $232M
2024Q2 $333M
2024Q3 $421M
2024Q4 $611M
2025Q1 $363M
2025Q2 $422M
2025Q3 $507M
2025Q4 $715M
2026Q1 $476M

Enterprise SaaS Comparison

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Other SHOP Charts

More quarter-by-quarter fundamentals for Shopify Inc.

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