Shopify Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 27, 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
Market Cap	162,049	288,156	198,062	132,592	59,954	219,272
Market Cap Growth	36.93%	45.49%	49.38%	121.15%	-72.66%	24.50%
Enterprise Value	154,958	280,461	191,789	127,457	54,968	210,917
Last Close Price	124.26	221.00	152.99	103.06	47.02	174.17
PE Ratio	133.86	171.29	68.78	777.80	-12.69	60.17
Forward PE	69.09	95.92	75.09	75.87	-	224.55
PEG Ratio	2.93	2.33	1.95	1.49	-	5.18
PS Ratio	13.98	18.17	15.54	14.17	7.89	37.62
PB Ratio	12.18	15.58	11.94	11.04	5.36	15.58
P/TBV Ratio	12.03	21.41	17.23	14.73	7.23	19.93
P/FCF Ratio	80.51	104.61	86.42	110.57	-237.54	357.76
P/OCF Ratio	79.48	103.27	85.41	106.01	-324.88	323.84
EV/Sales Ratio	13.41	17.68	15.05	13.63	7.23	36.18
EV/EBITDA Ratio	80.33	136.31	120.29	-71.36	-55.57	498.21
EV/EBIT Ratio	81.64	139.19	124.32	-67.84	-49.28	621.18
EV/FCF Ratio	77.21	101.81	83.68	106.29	-217.79	344.13
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)	8.02%	8.23%	7.72%	-9.17%	-6.52%	2.36%
Return on Invested Capital (ROIC)	14.56%	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	0.76%	0.58%	1.45%	0.13%	-7.88%	1.66%
FCF Yield	1.24%	0.96%	1.16%	0.90%	-0.42%	0.28%
Buyback Yield / Dilution	-0.27%	-0.26%	-0.46%	-2.31%	0.58%	-3.16%
Total Shareholder Return	-0.27%	-0.26%	-0.46%	-2.31%	0.58%	-3.16%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q