Shopify Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 30, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	143,797	132,704	90,639	41,315	152,119	113,516
Market Cap Growth	9.85%	46.41%	119.39%	-72.84%	34.01%	176.41%
Enterprise Value	138,822	129,078	87,205	37,907	146,476	109,250
Last Close Price	113.34	101.88	71.50	32.30	123.75	96.02
PE Ratio	94.73	68.05	758.99	-	59.36	434.60
PS Ratio	15.77	15.47	14.19	7.89	37.51	47.40
PB Ratio	13.49	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	14.07	12.40	11.64	7.34	16.26	23.33
P/FCF Ratio	88.66	86.03	110.70	-	356.76	362.34
P/OCF Ratio	87.74	85.02	106.13	-	322.94	326.76
EV/Sales Ratio	15.42	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	98.66	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	102.82	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	85.59	83.68	106.51	-	343.52	348.72
Debt / Equity Ratio	0.09	0.10	0.13	0.17	0.11	0.14
Debt / EBITDA Ratio	0.63	0.85	3.04	-	2.43	3.38
Debt / FCF Ratio	0.59	0.71	1.27	-	2.42	2.38
Asset Turnover	0.78	0.70	0.64	0.47	0.44	0.52
Inventory Turnover	-	195.91	-	-	-	-
Quick Ratio	3.06	3.01	5.94	6.27	11.37	15.00
Current Ratio	3.93	3.71	6.99	7.07	12.15	15.69
Return on Equity (ROE)	15.74%	19.58%	1.53%	-35.72%	33.25%	6.79%
Return on Assets (ROA)	7.74%	6.18%	1.47%	-2.47%	2.25%	1.93%
Return on Invested Capital (ROIC)	20.11%	18.30%	3.82%	-10.50%	13.00%	21.49%
Return on Capital Employed (ROCE)	13.20%	10.40%	2.50%	-4.80%	3.00%	2.40%
Earnings Yield	1.06%	1.47%	0.13%	-7.84%	1.69%	0.23%
FCF Yield	1.13%	1.16%	0.90%	-0.42%	0.28%	0.28%
Buyback Yield / Dilution	0.15%	-0.46%	-2.31%	0.58%	-3.16%	-9.23%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.