shopify inc. - SHOP

SHOP

Close Chg Chg %
116.15 2.27 1.95%

Closed Market

118.42

+2.27 (1.95%)

Volume: 8.16M

Last Updated:

Mar 25, 2026, 4:00 PM EDT

Company Overview: shopify inc. - SHOP

SHOP Key Data

Open

$120.00

Day Range

115.61 - 121.27

52 Week Range

69.84 - 182.19

Market Cap

$151.47B

Shares Outstanding

1.30B

Public Float

1.22B

Beta

2.83

Rev. Per Employee

N/A

P/E Ratio

123.13

EPS

$0.94

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

9.28M

 

SHOP Performance

1 Week
 
-0.54%
 
1 Month
 
-3.79%
 
3 Months
 
-32.01%
 
1 Year
 
20.14%
 
5 Years
 
9.04%
 

SHOP Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 55
Full Ratings ➔

About shopify inc. - SHOP

Shopify, Inc. is a global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. The Company's software enables merchants to run their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts and marketplaces. The Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting and access financing, all from one integrated back office. The company was founded on September 28, 2004 and is headquartered in Ottawa, Canada.

SHOP At a Glance

Shopify, Inc.
151 O'Connor Street
Ottawa, Ontario K2P 2L8
Phone 1-613-241-2828 Revenue 11.56B
Industry Miscellaneous Commercial Services Net Income 1.23B
Sector Commercial Services 2025 Sales Growth 30.135%
Fiscal Year-end 12 / 2026 Employees 7,600
View SEC Filings

SHOP Valuation

P/E Current 128.379
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 170.917
Price to Sales Ratio 18.206
Price to Book Ratio 15.603
Price to Cash Flow Ratio 103.49
Enterprise Value to EBITDA 106.557
Enterprise Value to Sales 17.723
Total Debt to Enterprise Value 0.001

SHOP Efficiency

Revenue/Employee 1,520,526.316
Income Per Employee 161,973.684
Receivables Turnover 4.985
Total Asset Turnover 0.794

SHOP Liquidity

Current Ratio 5.922
Quick Ratio 5.907
Cash Ratio 4.151

SHOP Profitability

Gross Margin 47.88
Operating Margin 16.364
Pretax Margin 13.058
Net Margin 10.652
Return on Assets 8.457
Return on Equity 9.836
Return on Total Capital 9.011
Return on Invested Capital 9.696

SHOP Capital Structure

Total Debt to Total Equity 1.395
Total Debt to Total Capital 1.376
Total Debt to Total Assets 1.238
Long-Term Debt to Equity 1.269
Long-Term Debt to Total Capital 1.252
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Shopify Inc. - SHOP

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
5.60B 7.06B 8.88B 11.56B
Sales Growth
+21.42% +26.07% +25.78% +30.14%
Cost of Goods Sold (COGS) incl D&A
2.88B 3.57B 4.43B 6.02B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
90.52M 70.00M 36.00M 31.00M
Depreciation
36.17M 28.00M 22.00M 18.00M
Amortization of Intangibles
54.35M 42.00M 14.00M 13.00M
COGS Growth
+32.62% +23.93% +24.04% +35.90%
Gross Income
2.72B 3.49B 4.45B 5.53B
Gross Income Growth
+11.44% +28.35% +27.56% +24.39%
Gross Profit Margin
+48.52% +49.39% +50.09% +47.88%
2022 2023 2024 2025 5-year trend
SG&A Expense
3.38B 3.40B 3.08B 3.64B
Research & Development
1.47B 1.71B 1.35B 1.52B
Other SG&A
1.91B 1.69B 1.73B 2.12B
SGA Growth
+60.20% +0.56% -9.32% +18.13%
Other Operating Expense
- - - -
-
Unusual Expense
3.13B 68.00M (706.00M) 603.00M
EBIT after Unusual Expense
(3.80B) 19.00M 2.07B 1.29B
Non Operating Income/Expense
178.03M 166.00M 157.00M 221.00M
Non-Operating Interest Income
79.14M 241.00M 308.00M 331.00M
Equity in Earnings of Affiliates
- (58.00M) (138.00M) (40.00M)
Interest Expense
- - - 3.50M
-
Interest Expense Growth
- - - +0.17%
-
Gross Interest Expense
- - - 3.50M
-
Interest Capitalized
- - - -
-
Pretax Income
(3.62B) 185.00M 2.23B 1.51B
Pretax Income Growth
-215.36% +105.11% +1,104.32% -32.27%
Pretax Margin
-64.70% +2.62% +25.09% +13.06%
Income Tax
(162.43M) 53.00M 209.00M 278.00M
Income Tax - Current - Domestic
508.00K (1.00M) 32.00M 99.00M
Income Tax - Current - Foreign
23.63M 55.00M 99.00M 193.00M
Income Tax - Deferred - Domestic
(180.06M) 2.00M 72.00M (18.00M)
Income Tax - Deferred - Foreign
(6.51M) (3.00M) 6.00M 4.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- (58.00M) (138.00M) (40.00M)
Other After Tax Income (Expense)
- - - 1.00M
-
Consolidated Net Income
(3.46B) 133.00M 2.02B 1.23B
Minority Interest Expense
- - - -
-
Net Income
(3.46B) 133.00M 2.02B 1.23B
Net Income Growth
-218.72% +103.84% +1,418.05% -39.03%
Net Margin Growth
-61.79% +1.88% +22.74% +10.65%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(3.46B) 133.00M 2.02B 1.23B
Preferred Dividends
- - - -
-
Net Income Available to Common
(3.46B) 133.00M 2.02B 1.23B
EPS (Basic)
-2.7328 0.1038 1.5653 0.9477
EPS (Basic) Growth
-216.88% +103.80% +1,408.00% -39.46%
Basic Shares Outstanding
1.27B 1.28B 1.29B 1.30B
EPS (Diluted)
-2.7328 0.1027 1.5513 0.9433
EPS (Diluted) Growth
-219.42% +103.76% +1,410.52% -39.19%
Diluted Shares Outstanding
1.27B 1.30B 1.30B 1.30B
EBITDA
(573.64M) 157.00M 1.40B 1.92B
EBITDA Growth
-245.66% +127.37% +792.36% +37.19%
EBITDA Margin
-10.24% +2.22% +15.78% +16.63%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 160.212
Number of Ratings 55 Current Quarters Estimate 0.333
FY Report Date 03 / 2026 Current Year's Estimate 1.851
Last Quarter’s Earnings 0.48 Median PE on CY Estimate N/A
Year Ago Earnings 1.422 Next Fiscal Year Estimate 2.415
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 34 32 43 40
Mean Estimate 0.33 0.40 1.85 2.41
High Estimates 0.39 0.46 2.24 4.05
Low Estimate 0.18 0.27 1.42 1.88
Coefficient of Variance 13.48 11.40 10.42 18.63

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 37 35 27
OVERWEIGHT 3 4 5
HOLD 14 13 22
UNDERWEIGHT 0 0 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

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