Operating CF
$2.16B
Capex
−$27.13M
Free Cash Flow
$2.13B
FCF Margin
+98.7%
Cash flow waterfall for Shopify (SHOP) — TTM through Q1 2026
Free cash flow: $2.13B
Cash flow breakdown for Shopify (SHOP) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $2.16B | $2.16B |
| Capital Expenditure | −$27.13M | $2.13B |
| Free Cash Flow | $2.13B | $2.13B |
| Other Investing | −$231.03M | $1.90B |
| Share Buybacks | −$491.00M | $1.41B |
| Other Financing & FX | −$861.55M | $544.37M |
| Net Cash Increase | $542.37M | $542.37M |
- Operating Cash Flow$2.16B
- Capital Expenditure−$27.13M
- Free Cash Flow$2.13B
- Other Investing−$231.03M
- Share Buybacks−$491.00M
- Other Financing & FX−$861.55M
- Net Cash Increase$542.37M
Want to see what drove the FCF change?Free Cash Flow Bridge
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