# Shopify produced 31% free cash flow growth, but its FCF margins were slightly lower on 34% higher revenue growth.

*business · news · 2026-05-06 · Barchart*

## Key points

- Shopify's free cash flow is projected to grow 36.7% over the next twelve months.
- Unusually large long-term SHOP call option trades occurred, notably 92,000 contracts at the $195 strike.
- Shopify's FCF margin decline is minor; FCF could still reach $2.834B on current forecasts.
- Analyst price targets for Shopify average $148.47, implying significant upside from current levels.

**Companies:** Shopify Inc.
**Countries:** Canada

[Read the full story on Barchart](https://www.barchart.com/story/news/1748038/shopify-s-strong-q1-fcf-growth-sparks-unusual-buying-of-shop-calls)

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