Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
124.48
+0.92 (0.74%)
At close: Jul 20, 2026, 4:00 PM EDT
124.60
+0.12 (0.10%)
After-hours: Jul 20, 2026, 7:59 PM EDT
Shopify Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Current | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 20, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 161,947 | 154,298 | 209,889 | 193,383 | 149,882 | 123,845 | 137,653 | 103,519 | 85,191 | 99,405 | 100,224 | 70,082 | 82,848 | 61,311 | 44,260 | 34,268 | 39,452 | 85,263 | 173,409 | 170,252 | |
Market Cap Growth | 8.05% | 24.59% | 52.48% | 86.81% | 75.94% | 24.59% | 37.34% | 47.71% | 2.83% | 62.13% | 126.45% | 104.51% | 110.00% | -28.09% | -74.48% | -79.87% | -78.36% | -38.02% | 25.03% | 36.52% |
Enterprise Value | 155,675 | 148,734 | 204,299 | 188,149 | 145,201 | 119,469 | 133,300 | 99,765 | 81,307 | 95,373 | 96,366 | 66,286 | 79,202 | 57,847 | 40,603 | 30,626 | 33,689 | 79,212 | 166,815 | 163,834 |
Last Close Price | 124.48 | 118.62 | 160.97 | 148.61 | 115.35 | 95.48 | 106.33 | 80.14 | 66.05 | 77.17 | 77.90 | 54.57 | 64.60 | 47.94 | 34.71 | 26.94 | 31.24 | 67.60 | 137.74 | 135.58 |
PE Ratio | 122.63 | 117.45 | 171.25 | 110.08 | 64.44 | 77.63 | 68.60 | 74.90 | 67.40 | - | 779.00 | - | - | - | - | - | - | 563.30 | 60.15 | 50.53 |
Forward PE | 65.37 | 64.85 | 95.92 | 95.10 | 78.96 | 64.14 | 75.09 | 67.52 | 64.22 | 75.34 | 75.87 | 78.20 | 143.08 | 167.13 | 167.13 | 167.13 | 167.13 | 205.80 | 224.55 | 273.01 |
PEG Ratio | 2.18 | 2.07 | 2.33 | 3.15 | 3.65 | 1.89 | 1.95 | 1.50 | 1.45 | 1.44 | 1.49 | 0.57 | 0.76 | 17.08 | 8.05 | 8.05 | 9.27 | 3.68 | 5.18 | 5.46 |
PS Ratio | 13.10 | 12.48 | 18.16 | 18.08 | 14.97 | 13.20 | 15.50 | 12.61 | 10.97 | 13.41 | 14.20 | 10.54 | 13.14 | 10.38 | 7.90 | 6.53 | 7.89 | 17.66 | 37.60 | 40.44 |
PB Ratio | 12.95 | 12.34 | 15.58 | 15.46 | 12.36 | 11.21 | 11.91 | 10.23 | 9.29 | 11.18 | 11.05 | 8.46 | 11.10 | 7.25 | 5.37 | 3.94 | 4.53 | 8.71 | 15.58 | 14.97 |
P/TBV Ratio | 13.54 | 12.90 | 16.19 | 16.28 | 13.02 | 11.76 | 12.52 | 10.82 | 9.87 | 11.77 | 11.74 | 9.04 | 11.80 | 9.96 | 7.35 | 5.31 | 4.81 | 9.16 | 16.28 | 15.90 |
P/FCF Ratio | 76.39 | 72.78 | 104.58 | 101.62 | 82.49 | 71.67 | 86.19 | 72.29 | 66.19 | 94.58 | 110.75 | 127.65 | 662.78 | - | - | - | 288.00 | 302.20 | 357.60 | 371.59 |
P/OCF Ratio | 75.43 | 71.87 | 103.24 | 100.56 | 81.77 | 70.97 | 85.18 | 71.44 | 65.33 | 91.87 | 106.17 | 117.98 | 455.21 | - | - | 1295.19 | 194.99 | 248.04 | 323.70 | 347.93 |
EV/Sales Ratio | 12.59 | 12.03 | 17.68 | 17.59 | 14.50 | 12.74 | 15.01 | 12.15 | 10.47 | 12.87 | 13.65 | 9.97 | 12.57 | 9.80 | 7.25 | 5.84 | 6.73 | 16.41 | 36.17 | 38.92 |
EV/EBITDA Ratio | 72.47 | 88.69 | 136.29 | 141.04 | 113.97 | 97.45 | 119.98 | 106.47 | 104.11 | - | - | - | - | - | - | - | - | 664.24 | 498.03 | 382.13 |
EV/EBIT Ratio | 73.50 | 90.31 | 139.17 | 144.51 | 116.91 | 100.23 | 124.00 | 110.97 | 110.17 | - | - | - | - | - | - | - | - | 1530.84 | 620.95 | 446.68 |
EV/FCF Ratio | 73.43 | 70.16 | 101.79 | 98.87 | 79.91 | 69.14 | 83.47 | 69.67 | 63.18 | 90.74 | 106.48 | 120.74 | 633.61 | - | - | - | 245.93 | 280.75 | 344.00 | 357.59 |
Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.09 | 0.09 | 0.10 | 0.10 | 0.11 | 0.12 | 0.13 | 0.12 | 0.13 | 0.15 | 0.16 | 0.17 | 0.15 | 0.13 | 0.12 | 0.10 | 0.10 |
Debt / EBITDA Ratio | 0.11 | 0.46 | 0.30 | 3.18 | 3.81 | 5.39 | 2.38 | 3.92 | 4.53 | 11.93 | 3.85 | 8.31 | - | - | - | - | - | - | 32.02 | 115.77 |
Debt / FCF Ratio | 0.08 | 0.38 | 0.26 | 2.20 | 2.70 | 3.14 | 1.84 | 2.71 | 3.41 | 4.93 | 2.58 | 4.07 | 11.69 | 16.27 | 15.51 | - | - | - | 5.01 | 36.07 |
Net Debt / Equity Ratio | -0.44 | -0.44 | -0.41 | -0.42 | -0.39 | -0.40 | -0.38 | -0.37 | -0.42 | -0.45 | -0.43 | -0.46 | -0.49 | -0.41 | -0.44 | -0.42 | -0.66 | -0.62 | -0.59 | -0.56 |
Net Debt / EBITDA Ratio | -3.32 | -14.30 | -8.76 | -14.91 | -15.66 | -20.74 | -9.20 | -12.90 | -15.47 | -42.00 | -12.90 | -28.12 | 2.25 | 21.25 | 23.15 | 11.49 | 33.12 | 74.71 | -179.96 | -675.42 |
Net Debt / FCF Ratio | -2.62 | -11.69 | -7.82 | -10.32 | -11.09 | -12.05 | -7.12 | -8.92 | -11.66 | -17.38 | -8.65 | -13.75 | -37.59 | -40.28 | -40.63 | 24.61 | 66.24 | 147.59 | -28.12 | -210.41 |
Asset Turnover | 0.23 | 0.23 | 0.25 | 0.21 | 0.21 | 0.19 | 0.22 | 0.19 | 0.19 | 0.17 | 0.19 | 0.16 | 0.17 | 0.13 | 0.14 | 0.11 | 0.11 | 0.11 | 0.13 | 0.11 |
Quick Ratio | 6.05 | 6.05 | 5.79 | 3.83 | 3.74 | 3.59 | 3.60 | 6.87 | 7.11 | 6.94 | 6.80 | 7.04 | 6.55 | 6.53 | 6.90 | 6.47 | 11.01 | 11.68 | 12.00 | 13.83 |
Current Ratio | 6.20 | 6.20 | 5.96 | 3.93 | 3.85 | 3.71 | 3.71 | 7.10 | 7.32 | 7.14 | 6.99 | 7.23 | 6.71 | 6.71 | 7.07 | 6.64 | 11.17 | 11.84 | 12.15 | 13.97 |
Return on Equity (ROE) | -4.93% | -4.93% | 5.94% | 2.33% | 8.51% | -6.84% | 12.54% | 9.00% | 2.06% | -3.15% | 7.59% | 8.46% | -16.21% | 0.75% | -6.43% | -1.58% | -12.78% | -15.57% | -4.24% | 13.09% |
Return on Assets (ROA) | 2.54% | 2.54% | 3.61% | 2.15% | 1.89% | 1.47% | 3.35% | 2.39% | 1.93% | 0.83% | 2.52% | 1.11% | -16.12% | -1.51% | -1.58% | -2.81% | -1.68% | -0.77% | 0.10% | -0.03% |
Return on Invested Capital (ROIC) | 4.72% | 4.72% | 6.93% | 4.00% | 3.46% | 2.59% | 6.24% | 4.68% | 4.00% | 1.82% | 5.74% | 2.90% | -37.43% | -3.61% | -3.96% | -8.70% | -5.71% | -2.11% | 0.23% | -0.08% |
Return on Capital Employed (ROCE) | 3.16% | 3.16% | 4.90% | 2.83% | 2.54% | 1.88% | 4.16% | 2.69% | 2.50% | 0.85% | 2.85% | 1.23% | -17.34% | -1.82% | -1.67% | -2.98% | -1.77% | -0.91% | 0.14% | -0.04% |
Earnings Yield | 0.82% | 0.85% | 0.58% | 0.91% | 1.55% | 1.29% | 1.46% | 1.34% | 1.48% | - | 0.13% | - | - | - | - | - | - | 0.18% | 1.66% | 1.98% |
FCF Yield | 1.31% | 1.37% | 0.96% | 0.98% | 1.21% | 1.40% | 1.16% | 1.38% | 1.51% | 1.06% | 0.90% | 0.78% | 0.15% | - | - | - | 0.35% | 0.33% | 0.28% | 0.27% |
Buyback Yield / Dilution | -0.26% | -0.62% | 0.17% | -0.87% | -0.70% | -0.62% | -0.58% | -0.45% | -1.52% | 0.33% | -1.88% | -2.08% | -1.46% | -2.50% | -1.27% | 0.53% | 1.00% | 0.52% | -0.22% | -2.17% |
Total Shareholder Return | -0.26% | -0.62% | 0.17% | -0.87% | -0.70% | -0.62% | -0.58% | -0.45% | -1.52% | 0.33% | -1.88% | -2.08% | -1.46% | -2.50% | -1.27% | 0.53% | 1.00% | 0.52% | -0.22% | -2.17% |