Shopify Inc (SHOP) — Free Cash Flow Generation Index
Shopify Inc (SHOP) has a Free Cash Flow Generation Index of 0.99x as of September 2025. Free cash flow of $507.00 Million represents 1% of operating cash flow ($513.00 Million). Explore SHOP capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Shopify Inc Free Cash Flow Generation Index (2012–2024)
Historical FCF Generation Index trend for Shopify Inc across 11 annual periods. For the full cash flow conversion analysis, see SHOP cash flow metrics.
Annual Free Cash Flow Generation for Shopify Inc (2012–2024)
Year-by-year Free Cash Flow Generation Index for Shopify Inc. Check cash flow reinvestment rate of Shopify Inc to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.99x | $1.60 Billion | $1.62 Billion | $19.00 Million | ▲ +3.1% |
| 2023 | 0.96x | $905.00 Million | $944.00 Million | $39.00 Million | ▲ +5.9% |
| 2021 | 0.91x | $484.92 Million | $535.71 Million | $50.79 Million | ▲ +0.4% |
| 2020 | 0.90x | $382.96 Million | $424.96 Million | $41.99 Million | ▲ +674.4% |
| 2019 | 0.12x | $8.22 Million | $70.61 Million | $62.40 Million | ▲ +103.4% |
| 2018 | -3.46x | $-32.22 Million | $9.32 Million | $41.55 Million | ▼ -66.9% |
| 2017 | -2.07x | $-16.36 Million | $7.90 Million | $24.26 Million | ▼ -137.5% |
| 2016 | -0.87x | $-12.22 Million | $14.02 Million | $26.24 Million | ▼ -160.1% |
| 2015 | -0.34x | $-5.28 Million | $15.76 Million | $21.04 Million | ▲ +84.9% |
| 2013 | -2.23x | $-3.11 Million | $1.40 Million | $4.50 Million | ▼ -18276.0% |
| 2012 | 0.01x | $25.00K | $2.04 Million | $2.02 Million | — |