Shopify Inc. (TSX:SHOP)
Canada · Delayed Price · Currency is CAD 201.29
-4.01 (-1.95%)
Sep 25, 2026, 4:00 PM EST
Shopify Ratios and Metrics
Market cap in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 258,763 | 287,329 | 197,681 | 132,310 | 59,759 | 218,931 | |
Market Cap Growth | -3.66% | 45.35% | 49.41% | 121.41% | -72.70% | 23.74% |
Enterprise Value | 251,278 | 279,225 | 192,279 | 127,297 | 54,829 | 210,808 |
Last Close Price | 201.20 | 221.00 | 152.99 | 103.16 | 47.01 | 174.17 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 94.51 | 170.23 | 68.05 | 758.99 | - | 59.36 |
PS Ratio | 13.73 | 18.13 | 15.47 | 14.19 | 7.89 | 37.51 |
PB Ratio | 14.37 | 15.55 | 11.89 | 11.05 | 5.36 | 15.54 |
P/TBV Ratio | 14.98 | 16.18 | 12.40 | 11.64 | 7.34 | 16.26 |
P/FCF Ratio | 77.47 | 104.41 | 86.03 | 110.70 | - | 356.76 |
P/OCF Ratio | 76.66 | 103.08 | 85.02 | 106.13 | - | 322.94 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
EV/Sales Ratio | 13.39 | 17.62 | 15.05 | 13.65 | 7.23 | 36.12 |
EV/EBITDA Ratio | 74.19 | 105.57 | 104.16 | 292.09 | - | 372.82 |
EV/EBIT Ratio | 76.28 | 107.30 | 107.17 | 370.74 | - | 437.79 |
EV/FCF Ratio | 75.23 | 101.47 | 83.68 | 106.51 | - | 343.52 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Debt / Equity Ratio | 0.01 | 0.01 | 0.10 | 0.13 | 0.17 | 0.11 |
Debt / EBITDA Ratio | 0.07 | 0.10 | 0.85 | 3.04 | - | 2.43 |
Debt / FCF Ratio | 0.08 | 0.09 | 0.71 | 1.27 | - | 2.42 |
Net Debt / Equity Ratio | -0.42 | -0.49 | -0.44 | -0.44 | -0.45 | -0.59 |
Net Debt / EBITDA Ratio | -2.21 | -3.44 | -3.97 | -12.13 | 9.64 | -14.81 |
Net Debt / FCF Ratio | -2.25 | -3.30 | -3.19 | -4.42 | 19.84 | -13.64 |
Asset Turnover | 0.91 | 0.79 | 0.70 | 0.64 | 0.47 | 0.44 |
Inventory Turnover | - | 255.36 | 195.91 | - | - | - |
Quick Ratio | 3.72 | 4.58 | 3.01 | 5.94 | 6.27 | 11.37 |
Current Ratio | 5.35 | 5.96 | 3.71 | 6.99 | 7.07 | 12.15 |
Return on Equity (ROE) | 15.54% | 9.84% | 19.58% | 1.53% | -35.72% | 33.25% |
Return on Assets (ROA) | 10.19% | 8.15% | 6.18% | 1.47% | -2.47% | 2.25% |
Return on Invested Capital (ROIC) | 26.24% | 20.67% | 18.30% | 3.82% | -10.50% | 13.00% |
Return on Capital Employed (ROCE) | 18.20% | 13.80% | 10.40% | 2.50% | -4.80% | 3.00% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Earnings Yield | 1.06% | 0.59% | 1.47% | 0.13% | -7.84% | 1.69% |
FCF Yield | 1.29% | 0.96% | 1.16% | 0.90% | -0.42% | 0.28% |
Buyback Yield / Dilution | 0.73% | -0.27% | -0.46% | -2.31% | 0.58% | -3.16% |