Shopify (BUE:SHOP) OCF Margin %: 15.17% (As of Mar. 2026) — 88% Above Median


What is Shopify OCF Margin %?

Shopify BUE:SHOP 83 OCF Margin % is 15.17% as of Mar. 2026, which is 88% above its 10-year median of 8.05. GuruFocus rates BUE:SHOP with a GF Score™ of 83/100. The stock has 2 warning signs investors should review. Among 2,816 Software companies, Shopify ranks better than 73.62% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Shopify's Cash Flow from Operations for the three months ended in Mar. 2026 was ARS672,555.89 Mil. Shopify's Revenue for the three months ended in Mar. 2026 was ARS4,432,436.94 Mil. Therefore, Shopify's OCF Margin % for the quarter that ended in Mar. 2026 was 15.17%.

As of today, Shopify's current OCF Yield % is 1.48%.

The historical rank and industry rank for Shopify's OCF Margin % or its related term are showing as below:


During the past 13 years, the highest OCF Margin % of Shopify was 18.20%. The lowest was -2.43%. And the median was 8.05%.

BUE:SHOP's OCF Margin % is not ranked *
in the Software industry.
Industry Median: 6.77
* Ranked among companies with meaningful OCF Margin % only.

Shopify OCF Margin % Related Terms

Shopify OCF Margin % Historical Data

* Premium members only.

The historical data trend for Shopify's OCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shopify OCF Margin % Chart

Shopify Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.62 -2.43 13.37 18.20 17.59

Shopify Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.55 15.97 18.04 19.74 15.17

Shopify OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Shopify's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2950877.113/16773406.748
=17.59 %

Shopify's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=672555.889/4432436.937
=15.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 15.17% mean?
Shopify (BUE:SHOP) has a OCF Margin % of 15.17% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Shopify and its competitors. This is 88% above median its historical median of 8.05. According to the industry distribution chart, Shopify ranks #743 out of 2816 companies in the Software industry, placing it in the top 26.4%.
Is Shopify's OCF Margin % too high?
Shopify's current OCF Margin % of 15.17% is 88% above median its 10-year median of 8.05. The Software industry median OCF Margin % is 6.77. Shopify's value of 15.17% is 124.1% above this industry median. Based on the distribution chart, Shopify ranks #743 out of 2816 companies in the Software industry, which is above the industry midpoint. Overall, Shopify has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Shopify's OCF Margin % compare to CRM and UBER?
According to the Software industry distribution chart, Shopify ranks #743 out of 2816 companies for OCF Margin %. This puts Shopify in the upper half of its industry. The industry median OCF Margin % is 6.77. Shopify's value of 15.17% is 124.1% above this benchmark. While the company's 10-year median is 8.05 vs. the industry median of 6.77, Shopify has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Software company?
The median OCF Margin % among Software companies is 6.77, based on 2,816 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shopify's current OCF Margin % of 15.17% is 124.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Shopify and its competitors. For the Software industry, the median OCF Margin % is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shopify's current OCF Margin % is 15.17%, which is 88% above median its own 10-year median of 8.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shopify stock overvalued right now?
Shopify (BUE:SHOP) has a current OCF Margin % of 15.17%. The current OCF Margin % is 15.17%, which is 88% above median its 10-year median of 8.05 and 124.1% above the Software industry median of 6.77. Shopify's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Shopify (BUE:SHOP), the current OCF Margin % is 15.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shopify Business Description

Address 151 O\'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P 2L8
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.