Shopify Inc. (LON:0VHA)

Shopify Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 20, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	147,013	109,742	78,655	36,646	127,764	101,705
Market Cap Growth	86.05%	39.52%	114.64%	-71.32%	25.62%	192.28%
Enterprise Value	142,497	106,744	75,675	33,623	123,024	97,883
Last Close Price	114.01	84.85	61.11	28.46	103.03	84.51
PE Ratio	110.96	68.05	758.99	-	59.36	434.60
PS Ratio	18.48	15.47	14.19	7.89	37.51	47.40
PB Ratio	15.80	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	16.49	12.40	11.64	7.34	16.26	23.33
P/FCF Ratio	103.84	86.03	110.70	-	356.76	362.34
P/OCF Ratio	102.76	85.02	106.13	-	322.94	326.76
EV/Sales Ratio	17.44	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	111.56	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	116.27	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	100.65	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 Capital (ROIC)	8.51%	6.81%	1.64%	-2.71%	2.42%	2.07%
Return on Capital Employed (ROCE)	13.20%	10.40%	2.50%	-4.80%	3.00%	2.40%
Earnings Yield	0.90%	1.47%	0.13%	-7.84%	1.69%	0.23%
FCF Yield	0.96%	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%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.