Shopify () FCF conversion US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? 5 years average
FCF conversion, % 15.1% 31.3% 628.5% 119.4% 104.0%   133.4%  
Changes by years, y/y, % -105pp +16pp +597pp -509pp -15pp     180%

Shopify. FCF conversion, %

Shopify. FCF conversion, changes, pp

Shopify () FCF conversion US GAAP (quarter values)

FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2   LTM ?
FCF conversion, % 113.4% 101.0% 95.1% 94.3% 102.8%   133.4%
Changes by years, y/y, % 0pp -20pp -16pp -33pp -11pp    
Changes by quarters, q/q, % -13pp -12pp -6pp -1pp +9pp    

Shopify. FCF conversion, %

Shopify. FCF conversion, changes, pp

Shopify. FCF conversion, changes, pp