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NASDAQ · Software - Application · USD

Shopify Inc. (SHOP) Stock Analysis

Shopify Inc. (SHOP) is a Software - Application stock listed on NASDAQ and quoted in US Dollar.

SHOP

$145.09

−$0.79 (−0.54%)

Sep 4, 2026 · Market close

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Price History

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SHOP Key Statistics

As of Sep 4, 2026
Trading
Open
$144.56
Previous Close
$145.88
Day's Range
144.49–149.43
52-Week Range
94.00–182.19
Volume
6.90M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.62
Valuation
Market Cap
$188.28B
P/E Ratio
98.03
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
59.15
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.61
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
14.19
EPS (ttm)Profit attributable to each share over the last twelve months.
1.48
Financials (FY)
Revenue (FY)
$11.56B+30.14%
Net Income (FY)
$1.23B−39.03%
Profit marginThe share of revenue left as profit after all costs and taxes.
14.53%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
1.22B
1-Year Return
−0.04%
Dividend and dates
Earnings Date
November 3, 2026estimated
Avg Volume
8.91M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

SHOP Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−9.87%
2025+51.39%
2024+36.50%
2023+124.43%
2022−74.80%
2021+21.68%
2020+184.71%
2019+187.17%
2018+37.08%
2017+135.60%
2016 (partial year)+11.90%

As of September 4, 2026.

SHOP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$11.56B$1.23B10.7%
2024$8.88B$2.02B22.7%
2023$7.06B$132.00M1.9%
2022$5.60B−$3.46B−61.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$11.56B$5.56B$1.89B$1.23B10.7%
2024$8.88B$4.47B$1.30B$2.02B22.7%
2023$7.06B$3.52B$74.00M$132.00M1.9%
2022$5.60B$2.75B−$687.00M−$3.46B−61.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SHOP Valuation vs Software - Application Median

Median of 258 stocks
MetricSHOPSoftware - Application medianvs median
P/E98.0327.203.6x the median
P/S ratio14.192.825.0x the median
Profit margin14.53%0.00%14.5 pts above

Medians across 258 Software - Application stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Shopify Inc. (SHOP) carries a market capitalisation of $188.28B. It is classified in the Software - Application industry, within the Technology sector. The company reports 7,600 employees.

SHOP last closed at $145.09 on September 4, 2026. That is −$0.79 (−0.54%) against the previous close. Over the past 52 weeks the price has ranged from $94.00 to $182.19. The latest close sits 54.35% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $11.56B. That is +30.14% against the prior fiscal year, when revenue was $8.88B. The same year closed with net income of $1.23B. That is −39.03% against the prior fiscal year. The reported profit margin is 14.53%. That is 14.5 percentage points above the Software - Application median of 0%. Trailing earnings per share are 1.48.

Across the 4 fiscal years on file, revenue moves from $5.60B in 2022 to $11.56B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 98.03 times earnings. That is 3.6 times the Software - Application median of 27.2. On forward earnings the ratio is 59.15. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.61. Measured against sales, the shares trade at 14.19 times revenue. On price-to-sales that is 5 times the Software - Application median of 2.82. The medians here are taken across 258 Software - Application companies that report the metric.

The reported beta is 2.62. Daily returns over the trailing 10 years annualize to a volatility of 59.44%. Over the trailing twelve months the price has returned −0.04%. Measured over 10 years, that is +42.37% a year compounded.

Growth & Income

No dividend is on file for SHOP.

Across the complete calendar years on file, 2019 returned +187.17% and 2022 returned −74.80%. Of the 9 complete calendar years on file, 8 finished higher. 2026 is still running; the price is −9.87% year to date.

Peer Comparison

Shopify Inc. (SHOP) operates in the Software - Application industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Shopify Inc. SHOP $188.28B 98.0
SAP SE SAP $248.28B 28.0
Salesforce, Inc. CRM $213.35B 24.2
Uber Technologies, Inc. UBER $154.74B 16.6

The Software - Application industry average P/E ratio is 27.2x. Shopify Inc. trades at a P/E of 98.0.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Shopify Inc.

Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants 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 for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.

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