Free Cash Flow for Shopify (SHOP)
Free Cash Flow for Shopify (SHOP): headline value $2.01B · YoY +25.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
SHOP
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.01B
YoY change
+25.7%
5Y CAGR
+39.3%
Peak year (2025)
$2.01B
Latest annual
$2.01B
Free Cash Flow history chart for Shopify (SHOP) from 2012 to 2025
Free Cash Flow history table for Shopify (SHOP) from 2012 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.01B | +25.7% | ||
| 2024 | $1.60B | +76.5% | ||
| 2023 | $905.00M | -586.6% | ||
| 2022 | -$186.00M | -138.4% | ||
| 2021 | $484.92M | +26.6% | ||
| 2020 | $382.96M | +4560.1% | ||
| 2019 | $8.22M | -125.5% | ||
| 2018 | -$32.22M | +96.9% | ||
| 2017 | -$16.36M | +33.9% | ||
| 2016 | -$12.22M | +131.4% | ||
| 2015 | -$5.28M | -77.5% | ||
| 2014 | -$23.50M | +656.1% | ||
| 2013 | -$3.11M | -12532.0% | ||
| 2012 | $25,000 | — |
Free Cash Flow values are taken from Shopify's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Shopify (SHOP) reported free cash flow of $2.01B – grew 25.7% year-over-year.
Across 2020–2025 (5 years), Shopify free cash flow produced a CAGR of +39.3% – sustaining 3 straight years of year-over-year growth.
The dataset's maximum free cash flow sits at $2.01B (2025); the minimum reading of -$186.00M dates to 2022.
Shopify (SHOP) sits 8th of 8 Technology peers we track on this metric, against a peer median of $49.26B.
Shopify Free Cash Flow by Year
Shopify Free Cash Flow 2025: $2.01B
Shopify free cash flow in 2025 was $2.01B, grew 25.7% from 2024. This figure represents the highest annual value in the available history.
Shopify Free Cash Flow 2024: $1.60B
Shopify free cash flow in 2024 was $1.60B, surged 76.5% from 2023.
Shopify Free Cash Flow 2023: $905.00M
Shopify free cash flow in 2023 was $905.00M, plunged 586.6% below 2022.
Shopify Free Cash Flow 2022: -$186.00M
Shopify free cash flow in 2022 was -$186.00M, plunged 138.4% below 2021. This figure represents the lowest annual value in the available history.
Shopify Free Cash Flow 2021: $484.92M
Shopify free cash flow in 2021 was $484.92M.
See more financial history for Shopify (SHOP).
Sector peers — Free Cash Flow
Companies in the same sector as Shopify, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.10T | Technology |
| Apple Inc. (AAPL) | $98.77B | Technology |
| NVIDIA Corporation (NVDA) | $96.68B | Technology |
| Microsoft Corporation (MSFT) | $71.61B | Technology |
| Broadcom Inc. (AVGO) | $26.91B | Technology |
| ASML Holding N.V. (ASML) | $10.65B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $6.74B | Technology |
| Micron Technology, Inc. (MU) | $1.67B | Technology |
Frequently asked questions
What is Shopify's free cash flow?
Latest reported free cash flow for Shopify (SHOP) is $2.01B (period ending December 31, 2025).
How has Shopify free cash flow changed year-over-year?
Shopify (SHOP) free cash flow changed +25.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Shopify free cash flow?
Shopify (SHOP) free cash flow compound annual growth rate is +39.3% over the most recent 5 years available.
When did Shopify free cash flow hit its highest annual value?
Shopify free cash flow reached its highest annual value of $2.01B in 2025.
What was Shopify free cash flow in 2024?
Shopify (SHOP) free cash flow in 2024 was $1.60B.
What was Shopify free cash flow in 2025?
Shopify (SHOP) free cash flow in 2025 was $2.01B.
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