Inside the research
Shopify Inc.
SHOP Research profile · latest available data
Price overview
$142.25
▼ -2.91 (-2.0%)
| 52w hi | $179.01 |
|---|---|
| 52w lo | $95.40 |
| Vol | 5.99M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.32
| Short | -0.13 |
|---|---|
| Medium | +0.60 |
| Long | +0.67 |
computed 2026-09-27
Key fundamentals
Shopify Inc.
Technology · Software - Application
| Market cap | $184.59B |
|---|---|
| Enterprise value | $178.26B |
| Trailing P/E | 96.11x |
| Forward P/E | 58.05x |
| EV / EBITDA | 74.43x |
| P / S (ttm) | 13.79x |
| Profit margin | 14.5% |
| Return on equity | 15.5% |
| Revenue growth | +33.7% |
| Earnings growth | +68.1% |
| Debt / equity | 1.40 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.28 | |
| Sector | +0.19 | |
| Technical | +0.01 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 2.12 |
|---|---|
| Corr SPX | 0.57 |
| Annual vol | 60.0% |
| Annual ret | +47.3% |
| Sharpe | 0.79 |
| Max DD | -46.7% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $153.42 |
|---|---|
| High / Low | $200.00 / $105.00 |
| Median | $150.00 |
| Analysts | 45 |
| Strong Buy | 10 | |
|---|---|---|
| Buy | 28 | |
| Hold | 12 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-06 | Wells Fargo | → Overweight |
| 2026-05-06 | UBS | → Neutral |
| 2026-05-06 | RBC Capital | → Outperform |
| 2026-05-06 | DA Davidson | → Buy |
| 2026-05-06 | Citizens | → Market Outperform |
| 2026-05-06 | Citigroup | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-07-02 | Officer / Director Change, Exhibits | read |
| 2026-06-16 | Shareholder Vote, Other Material Event… | read |
| 2026-06-02 | Reg FD Disclosure, Exhibits | read |
| 2026-05-08 | Other Material Event, Exhibits | read |
| 2026-05-05 | Earnings Release, Exhibits | read |
| 2026-02-11 | Earnings Release, Reg FD Disclosure… | read |
| 2025-12-02 | Other Material Event, Exhibits | read |
| 2025-11-04 | Earnings Release, Exhibits | read |
| 2025-10-09 | Officer / Director Change | read |
| 2025-09-10 | Officer / Director Change | read |
| 2025-08-06 | Earnings Release, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 1 |
| Top-5 share | 100.0% |
| HHI | 10,000 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Capital Research / Capital World | $673.22M | 5.68M |
As of 2026-03-31
SEC Filings
The Long Run
FY 2015–2025 · 10 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $11.56B | +48.6% | |
| Gross profit | $3.52B | +66.0% | |
| Operating income | $1.47B | +303.5% | |
| Net income | $132.00M | -78.7% | |
| Cash from ops | $2.03B | +83.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $144.47 | $144.97 | $140.93 | $142.25 | 5.99M |
| Sep 24 | $140.56 | $145.96 | $140.30 | $145.16 | 9.46M |
| Sep 23 | $146.62 | $151.29 | $135.68 | $142.34 | 20.90M |
| Sep 22 | $144.55 | $150.18 | $144.25 | $147.74 | 25.47M |
| Sep 21 | $128.79 | $138.03 | $126.39 | $137.92 | 16.65M |
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