Shopify Inc. (LON:0VHA)

Shopify Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 12, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	113,464	155,701	109,742	78,655	36,646	127,764
Market Cap Growth	-7.02%	41.88%	39.52%	114.64%	-71.32%	25.62%
Enterprise Value	108,602	151,310	106,744	75,675	33,623	123,024
Last Close Price	78.08	120.63	84.85	61.11	28.46	103.03
PE Ratio	124.05	170.23	68.05	758.99	-	59.36
PS Ratio	13.21	18.13	15.47	14.19	7.89	37.51
PB Ratio	11.33	15.55	11.89	11.05	5.36	15.54
P/TBV Ratio	11.79	16.18	12.40	11.64	7.34	16.26
P/FCF Ratio	76.09	104.41	86.03	110.70	-	356.76
P/OCF Ratio	75.12	103.08	85.02	106.13	-	322.94
EV/Sales Ratio	12.82	17.62	15.05	13.65	7.23	36.12
EV/EBITDA Ratio	76.90	105.57	104.16	292.09	-	372.82
EV/EBIT Ratio	79.75	107.30	107.17	370.74	-	437.79
EV/FCF Ratio	72.83	101.47	83.68	106.51	-	343.52
Debt / Equity Ratio	0.01	0.01	0.10	0.13	0.17	0.11
Debt / EBITDA Ratio	0.10	0.10	0.85	3.04	-	2.43
Debt / FCF Ratio	0.09	0.09	0.71	1.27	-	2.42
Net Debt / Equity Ratio	-0.49	-0.49	-0.44	-0.44	-0.45	-0.59
Net Debt / EBITDA Ratio	-3.44	-3.44	-3.97	-12.13	9.64	-14.81
Net Debt / FCF Ratio	-3.30	-3.30	-3.19	-4.42	19.84	-13.64
Asset Turnover	0.79	0.79	0.70	0.64	0.47	0.44
Inventory Turnover	255.36	255.36	195.91	-	-	-
Quick Ratio	4.58	4.58	3.01	5.94	6.27	11.37
Current Ratio	5.96	5.96	3.71	6.99	7.07	12.15
Return on Equity (ROE)	9.84%	9.84%	19.58%	1.53%	-35.72%	33.25%
Return on Assets (ROA)	8.15%	8.15%	6.18%	1.47%	-2.47%	2.25%
Return on Invested Capital (ROIC)	20.52%	20.67%	18.30%	3.82%	-10.50%	13.00%
Return on Capital Employed (ROCE)	13.80%	13.80%	10.40%	2.50%	-4.80%	3.00%
Earnings Yield	0.81%	0.59%	1.47%	0.13%	-7.84%	1.69%
FCF Yield	1.31%	0.96%	1.16%	0.90%	-0.42%	0.28%
Buyback Yield / Dilution	-0.27%	-0.27%	-0.46%	-2.31%	0.58%	-3.16%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.