Filing Flows › Shopify (SHOP) › Free cash flow
Shopify (SHOP) free cash flow by quarter
Shopify's free cash flow was $816M in Q3 2026 (third quarter 2026), +25% from Q2 2026. Over the last 7 quarters it ranged from $363M (Q1 2025) to $816M (Q3 2026).
| Quarter | Free cash flow | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $816M | +25% | +61% |
| Q2 2026 | $654M | +37% | +55% |
| Q1 2026 | $476M | -33% | +31% |
| Q4 2025 | $715M | +41% | — |
| Q3 2025 | $507M | +20% | — |
| Q2 2025 | $422M | +16% | — |
| Q1 2025 | $363M | — | — |
Q3 2026 at a glance
Shopify, Q3 2026: revenue $3.7B (+32% year over year), operating margin 15.2%, net earnings $462M, operating cash flow $818M. The chart follows the revenue to costs, profit and cash.
Questions
What is Shopify's free cash flow?
Shopify's free cash flow was $816M in Q3 2026 (third quarter 2026), +25% from Q2 2026.
How has Shopify's free cash flow changed?
Over the last 7 quarters it ranged from $363M (Q1 2025) to $816M (Q3 2026).