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	Mar 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	119,402	215,302	147,979	99,164	44,787	163,831
Market Cap Growth	-10.03%	45.49%	49.23%	121.41%	-72.66%	24.51%
Enterprise Value	114,418	211,112	144,714	96,269	42,041	158,892
PE Ratio	130.55	171.29	68.78	777.80	-12.69	60.17
Forward PE	68.08	-	-	-	-	-
PS Ratio	13.91	24.94	22.30	18.80	10.70	47.55
PB Ratio	11.93	21.39	17.14	14.64	7.28	19.70
P/TBV Ratio	12.60	21.41	17.23	14.74	7.23	19.93
P/FCF Ratio	80.07	143.58	124.02	146.65	-322.28	452.18
P/OCF Ratio	79.05	141.74	122.56	140.60	-440.76	409.31
EV/Sales Ratio	13.18	24.45	21.81	18.25	10.05	46.11
EV/EBITDA Ratio	79.03	188.50	174.34	-95.58	-77.19	634.91
EV/EBIT Ratio	81.97	192.48	180.17	-90.87	-68.45	791.62
EV/FCF Ratio	76.73	140.79	121.28	142.37	-302.52	438.55
Debt / Equity Ratio	0.01	0.01	0.10	0.12	0.17	0.10
Debt / EBITDA Ratio	0.13	0.13	1.01	-0.85	-1.91	3.50
Debt / FCF Ratio	0.09	0.09	0.71	1.27	-7.50	2.42
Net Debt / Equity Ratio	-0.41	-0.41	-0.38	-0.43	-0.44	-0.59
Net Debt / EBITDA Ratio	-3.73	-3.73	-3.92	2.86	5.02	-19.69
Net Debt / FCF Ratio	-2.78	-2.78	-2.73	-4.26	19.66	-13.60
Asset Turnover	0.79	0.79	0.70	0.64	0.46	0.44
Quick Ratio	5.79	5.79	3.60	6.80	6.90	12.00
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)	8.23%	8.23%	7.72%	-9.17%	-6.52%	2.36%
Return on Invested Capital (ROIC)	14.93%	14.93%	14.52%	-18.61%	-15.28%	8.06%
Return on Capital Employed (ROCE)	11.40%	11.40%	9.61%	-13.97%	-7.29%	2.69%
Earnings Yield	0.77%	0.58%	1.45%	0.13%	-7.88%	1.66%
FCF Yield	1.25%	0.70%	0.81%	0.68%	-0.31%	0.22%
Buyback Yield / Dilution	-0.11%	-0.08%	-0.03%	-0.05%	-0.03%	-0.75%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.