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
Vol5.99M
As of25 Sep 2026

The Verdict

Hold

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/E96.11x
Forward P/E58.05x
EV / EBITDA74.43x
P / S (ttm)13.79x
Profit margin14.5%
Return on equity15.5%
Revenue growth+33.7%
Earnings growth+68.1%
Debt / equity1.40

Layer Breakdown

LayerRawContribution
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.

Canada · www.shopify.com

Risk Metrics

Beta vs SPX2.12
Corr SPX0.57
Annual vol60.0%
Annual ret+47.3%
Sharpe0.79
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
Analysts45
Strong Buy10
Buy28
Hold12
Sell1
Strong Sell0

Recent rating actions

2026-05-06Wells Fargo→ Overweight
2026-05-06UBS→ Neutral
2026-05-06RBC Capital→ Outperform
2026-05-06DA Davidson→ Buy
2026-05-06Citizens→ Market Outperform
2026-05-06Citigroup→ Buy

Material Events

DateEvent8-K
2026-08-05Earnings Release, Exhibitsread
2026-07-02Officer / Director Change, Exhibitsread
2026-06-16Shareholder Vote, Other Material Event…read
2026-06-02Reg FD Disclosure, Exhibitsread
2026-05-08Other Material Event, Exhibitsread
2026-05-05Earnings Release, Exhibitsread
2026-02-11Earnings Release, Reg FD Disclosure…read
2025-12-02Other Material Event, Exhibitsread
2025-11-04Earnings Release, Exhibitsread
2025-10-09Officer / Director Changeread
2025-09-10Officer / Director Changeread
2025-08-06Earnings Release, Exhibitsread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders1
Top-5 share100.0%
HHI10,000 (concentrated)

Top Holders

HolderValueShares
Capital Research / Capital World$673.22M5.68M

As of 2026-03-31

SEC Filings

DateFormDoc
2026-08-0510-Qview
2026-08-058-Kview
2026-07-028-Kview
2026-06-168-Kview
2026-06-028-Kview
2026-05-088-Kview
2026-05-058-Kview
2026-05-0510-Qview
2026-04-2910-K/Aview
2026-04-294view
2026-02-118-Kview
2026-02-1110-Kview
2026-01-304view
2025-12-028-Kview
2025-11-144view

The Long Run

FY 2015–2025 · 10 years

LineLatestCAGRTrend
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

NASDAQ-100

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$144.47$144.97$140.93$142.255.99M
Sep 24$140.56$145.96$140.30$145.169.46M
Sep 23$146.62$151.29$135.68$142.3420.90M
Sep 22$144.55$150.18$144.25$147.7425.47M
Sep 21$128.79$138.03$126.39$137.9216.65M

Understand the score. Research layers are inputs to a model, and the available data has limits.

Read the methodology →