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
Shopify Inc.'s free cash flow for fiscal 2025 was $2.0B, up 25.7% from $1.6B in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.7B. Over the past ten years it has ranged from −$186.0M (fiscal 2022) to $2.0B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. Shopify Inc. ranks 10th of 222 Software Application companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.0B | 25.67% |
| FY2024 | $1.6B | 76.46% |
| FY2023 | $905.0M | — |
| FY2022 | −$186.0M | — |
| FY2021 | $484.9M | 26.62% |
| FY2020 | $383.0M | 4,560.05% |
| FY2019 | $8.2M | — |
| FY2018 | −$32.2M | — |
| FY2017 | −$16.4M | — |
| FY2016 | −$12.2M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $816.0M | 24.77% |
| Jun 2026 | $654.0M | 37.39% |
| Mar 2026 | $476.0M | (33.43%) |
| Dec 2025 | $715.0M | 41.03% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| CRM Salesforce, Inc. compare | $15.2B |
| ADBE Adobe Inc. compare | $10.6B |
| UBER Uber Technologies, Inc. compare | $10.4B |
| SAP SAP SE compare | $10.4B |
| INTU Intuit Inc. compare | $8.6B |
| ADP Automatic Data Processing, Inc. compare | $4.8B |
| NOW ServiceNow, Inc. compare | $4.8B |
| SHOP Shopify Inc. | $2.7B |
| SNOW Snowflake Inc. compare | $1.2B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on SHOP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow 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