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Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
168.68
-0.13 (-0.08%)
At close: Oct 23, 2026, 4:00 PM EDT
168.32
-0.36 (-0.21%)
After-hours: Oct 23, 2026, 7:59 PM EDT

Shopify Ratios and Metrics

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Market Capitalization
217,031148,547154,694209,558193,143149,653123,629137,389103,43785,14999,374100,18770,05982,47967,92444,15434,25039,40785,138173,001169,659
Market Cap Growth (YoY)
3.07%-0.74%25.13%52.53%86.72%75.75%24.41%37.13%47.64%3.24%46.30%126.90%104.55%109.30%-20.22%-74.48%-79.81%-78.36%-37.98%24.59%36.08%
Enterprise Value
211,737142,275148,060203,648187,631144,383118,532133,63599,55381,11795,48596,39166,41379,01564,23440,51228,48733,35578,522166,582162,980
Last Close Price
168.68114.18118.62160.97148.61115.3595.48106.3380.1466.0577.1777.9054.5764.6047.9434.7126.9431.2467.60137.74135.58

Price Ratios

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
113.8577.05-170.23108.4563.82-68.0574.7966.89-758.99-61.03--35.41-----49.76
Forward PE
80.4460.3664.8595.9295.1078.9664.1475.0967.5264.2275.3475.8778.20143.08167.13167.13167.13167.13205.80224.55273.01
PS Ratio
16.3611.2012.5118.1318.0614.9413.1815.4712.6010.9713.4114.1910.5313.0911.517.896.537.8817.6437.5140.30
PB Ratio
17.1411.7112.3815.5515.4412.3411.1911.8910.229.2811.1711.058.4611.058.035.363.944.528.7015.5414.92
P/TBV Ratio
17.8412.2112.9116.1816.1112.9011.7512.4010.739.7911.7711.648.9511.7710.927.345.314.809.1516.2615.60
P/FCF Ratio
92.2863.1672.97104.41101.4982.3671.5586.0372.2366.1694.55110.70127.61659.83-1151.26-237.39---356.76370.30
P/OCF Ratio
91.3062.4972.05103.08100.4481.6470.8585.0271.3965.3091.84106.13117.94453.18-6174.95-324.66---322.94346.71
PEG Ratio
2.642.312.072.333.153.651.891.951.501.451.441.490.570.7617.088.058.059.273.685.185.46

EV Ratios

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
EV/Sales Ratio
15.9610.7211.9717.6217.5414.4212.6415.0512.1210.4512.8813.659.9912.5410.887.235.436.6716.2736.1238.72
EV/EBITDA Ratio
88.4159.4168.93105.57108.7191.7983.36104.16110.62107.02227.35634.15909.76---105.50---399.80335.17
EV/EBIT Ratio
89.4960.1369.91107.30110.7693.6985.40107.17115.49113.45258.071175.50-3906.62---85.11---475.46376.11
EV/FCF Ratio
90.0260.4969.84101.4798.6079.4668.6083.6869.5263.0390.85106.51120.97632.12-1088.71-217.80---343.52355.72

Financial Efficiency

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Debt / Equity Ratio
0.010.010.010.010.090.090.100.100.110.120.130.130.140.150.170.170.150.140.120.110.10
Debt / EBITDA Ratio
0.070.070.090.060.540.710.960.500.791.141.801.621.26--3.53---4.006.37
Debt / FCF Ratio
0.080.080.080.090.590.630.660.710.800.881.091.272.049.07-23.71-7.50---2.422.40
Net Debt / Equity Ratio
-0.42-0.42-0.50-0.49-0.47-0.45-0.48-0.44-0.37-0.42-0.45-0.44-0.46-0.49-0.41-0.45-0.42-0.66-0.62-0.59-0.56
Net Debt / EBITDA Ratio
-2.21-2.21-2.92-3.44-3.42-3.50-3.71-3.97-4.17-5.12-9.60-26.34-52.008.857.809.618.9661.48-28.77-15.88-13.20
Net Debt / FCF Ratio
-2.25-2.25-2.96-3.30-3.11-3.03-3.05-3.19-2.62-3.02-3.84-4.42-6.91-29.1758.7119.84355.93-34.25-19.31-13.64-14.01
Asset Turnover
1.000.870.970.770.770.690.860.730.730.660.790.680.660.560.630.500.460.380.410.35
Quick Ratio
3.723.724.534.583.062.982.893.015.626.066.035.946.065.735.826.275.7410.2510.9611.3712.95
Current Ratio
5.355.356.205.963.933.853.713.717.107.337.146.997.236.726.717.076.6411.1711.8412.1513.97
Return on Equity (ROE)
47.71%-17.89%22.88%8.57%31.27%-24.13%47.72%34.34%7.57%-12.16%30.29%36.48%-65.88%3.26%-29.43%-7.31%-52.05%-56.36%-13.20%42.75%
Return on Assets (ROA)
11.00%8.49%12.32%8.34%6.81%5.09%10.30%7.20%5.08%3.06%3.58%4.81%-2.83%-3.48%1.30%-6.99%-3.28%-1.55%0.78%0.42%
Return on Invested Capital (ROIC)
7.17%6.75%8.22%5.75%4.53%4.02%7.27%5.63%3.79%2.73%3.11%4.61%-2.66%-2.83%1.19%-7.67%-4.42%-1.89%0.89%0.43%
Return on Capital Employed (ROCE)
18.20%18.20%16.60%13.80%13.20%12.30%12.20%10.40%7.60%6.80%3.60%0.80%-0.20%-5.90%-5.40%-4.80%-4.80%-1.60%1.30%2.80%3.30%

Yields

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Earnings Yield
0.88%1.30%0.86%0.59%0.92%1.57%1.30%1.47%1.34%1.49%-0.21%0.13%-1.64%-2.46%-2.82%-7.84%-9.37%-4.82%0.21%1.69%2.01%
FCF Yield
1.08%1.58%1.37%0.96%0.98%1.21%1.40%1.16%1.38%1.51%1.06%0.90%0.78%0.15%-0.09%-0.42%-0.03%0.43%0.37%0.28%0.27%
Buyback Yield / Dilution
0.73%0.84%-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%
SEC Filings: 10-K · 10-Q