stockrowShopify Inc.
SHOP Technology Software Application
Shopify Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.6 billion, up 30.1% from fiscal 2024.
- Revenue
- +31.6%
- EPS
- +79.5%
- Free cash flow
- +61.0%
- Total debt
- −81.7%
Quarter to September 2026, against a year earlier
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Shopify Inc. (SHOP) Free cash flow margin
Shopify Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 18.8%, up 1.4 percentage points from fiscal 2025 (17.4%). Over the past ten years it has ranged from −3.32% (fiscal 2022) to 18.0% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Software Application industry median of 5.77% and above the Technology sector median of 0.67%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 17.4% | (0.61) |
| FY2024 | 18.0% | 5.16 |
| FY2023 | 12.8% | 16.14 |
| FY2022 | −3.32% | (13.83) |
| FY2021 | 10.5% | (2.56) |
| FY2020 | 13.1% | 12.55 |
| FY2019 | 0.52% | 3.52 |
| FY2018 | −3.00% | (0.57) |
| FY2017 | −2.43% | 0.71 |
| FY2016 | −3.14% | (0.57) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| ADBE Adobe Inc. compare | 40.8% |
| INTU Intuit Inc. compare | 40.2% |
| CRM Salesforce, Inc. compare | 34.5% |
| NOW ServiceNow, Inc. compare | 30.8% |
| SAP SAP SE compare | 22.7% |
| SNOW Snowflake Inc. compare | 21.9% |
| ADP Automatic Data Processing, Inc. compare | 21.4% |
| SHOP Shopify Inc. | 18.8% |
| UBER Uber Technologies, Inc. compare | 18.4% |
| Software Application industry median | 5.77% |
| Technology sector median | 0.67% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on SHOP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement